Four upscale townhomes in The Maples at Milbank, a luxury residential address in downtown Greenwich, will be sold during a one-day bankruptcy auction conducted by Madison Hawk Partners on Sept. 19.
Opening bids of $1,999,000 will provide a nearly 40% discount off the original asking prices of $3.25 million, according to Jeff Hubbard, President of Madison Hawk Partners, a national real estate firm and industry leader specializing in Structured Accelerated Sales. All of the units will be presented for sale at this auction.
“This is a rare one-day opportunity to acquire remarkable, estate-inspired residence in downtown Greenwich at a significantly discounted price,” notes Hubbard. “These are high-quality homes. The auction does not represent a situation where a builder didn’t have the funds to complete the work to the highest standards. The bankruptcy sale is simply a result of timing issues related to the financing.”
“Potential bidders are invited to tour the property and homes and see for themselves the attention-to-detail and high level of construction and craftsmanship. Buyers will also have the ability to be provided with a one-year warranty, with $100,000 escrowed to cover any potential issues on their townhome for added security and peace of mind.”
Homes offered at the auction may be viewed during Open Houses on Sept. 16 and 17 from 11 a.m. to 1 p.m. Additional evening Open Houses are scheduled on Sept. 18 from 6 to 8 p.m.
The auction event will be held at the Hyatt Regency Greenwich, 1800 E. Putnam Ave. Registration begins at 5:30 p.m. with the auction commencing at 6:30 p.m.
For additional information on the homes and the auction event, please call 800-547-1045 or visit madisonhawk.com/auctions/greenwich
