Mountain estate hits the auction block
It seems as if auctions have made a comeback this summer.
The historic Green Park Inn was auctioned off several weeks ago to an investor who wishes to refurbish and reopen the grand hotel. Then, it was announced several weeks ago that the Blowing Rock Chamber of Commerce and the Great Estate Auction Company will host six auctions at the Blowing Rock American Legion Hall, restoring a summer tradition that was once one of the town's big tourist attractions.
Now it has been announced that one of Watauga County's premiere residences will be sold at auction this month. Grand Estates Auction Company will auction off the mountain estate of Ralph and Deborah Grosswald, along with 20 acres of pristine land near the Blue Ridge Parkway, on Tuesday, June 15, at 2 p.m.
"This will be an absolute auction, meaning there is no minimum bid and no reserve," said Stacy Kirk of Grand Estates Auction Company. "We feel, and so do the Grosswalds, that this is the best way to sell the home at this time."
Kirk will be giving tours of the home to prospective bidders June 11-14.
"The winning bidder must pay 10 percent of that bid at the end of the auction," Kirk said.
"Because it is an absolute auction, the property could go for virtually anything. We feel confident that it will bring a fair market value, and possibly a good deal more.
The June 15 auction will be conducted by licensed auctioneer Todd Van Sickle. Phone or absentee remote bidding arrangements for those interested parties who are not able to attend the live auction. Bidding begins promptly at 2 p.m.
A 7.5 percent buyer's premium will be added to the winning bid price for the property to arrive at the total contract price paid by the winning bidder.
Although it has a timeless quality about it, the home was built in 2004. It sits on 20 acres, not far from the Bamboo entrance to the Blue Ridge Parkway.
When it was originally built, Ralph Grosswald had architects employ the Vedic Architectural System throughout the house. Similar to the Japanese Feng Shui, but Indian in origin, the Vedic system is designed to make the best use of light, shade and mountain views.
"The Vedic system is more than 5,000 years old," Ralph Grosswald said. "It observes natural laws and orbits and allows the sun to heat the house more in the winter than in the summer. I spent 10 years building homes in Naples, Fla., and this house is the sum of everything I learned during that time. Its beautiful details belie all of the things you don't see. Those things make the house comfortable and energy efficient."
With 7,200 square feet of interior space, a "green" system of heating and cooling pays great dividends over the space of a year. The home also features:
? 2,000 square feet of outdoor living patios and porches
? 4 bedrooms, 3 full & half bathrooms
? Full guest suite with desk area, sitting room, eating area, full kitchen, bathroom and private entrance
? "Green" features including Low-E glass windows, high efficiency heating, Icynene insulation, low VOC paints, natural stains, and tankless water heaters
? Extras including library, spa room, media room, and huge bonus room with mountain views.
For more information on the Grand Estate Auction Company auction of the Grosswald property, call (877) 562-8228, or visit http://www.grandestatesauction.com.