690 Market Street, San Francisco, California 94104Sold Price:805,000 Square Footage:1195 Bedrooms:1 Bathrooms:1 full Listing Agent:Pacific Union International, Inc For More Details:888-966-4759 Concierge Auctions Generates Sale of Bank-Owned Ritz-Carlton® Condiminium in the Heart of Downtown San Francisco “Concierge Auctions was effective at placing the market on notice that this auction was a real opportunity and the owner was committed to selling," stated Patrick Barber, San Francisco President of Pacific Union International. "The resulting buyer competition was impressive. With broker commissions fully protected, the Concierge process is a phenomenal tool for listing agents to offer their sellers.” Concierge Auctions’ global outreach produced more than 140 buyer prospects and 9 bidders. The four-week marketing campaign generated 2,599 visitors to the auction website from 55 countries (led by the US, Canada, United Kingdom, China, Singapore and Germany) and 48 US states (led by CA, NY, TX, FL and IL). Bidders were enabled to participate in person or proxy via telephone or Internet. Unit 1502 within the Ritz-Carlton® Residences is a 1,195-square-foot, classic luxury condominium boasting two opposing master suites with unparalleled views of downtown San Francisco. The property contains two and a half bathrooms with modern luxury finishes throughout, including wall-to-wall carpet in the bedrooms, polished hardwood flooring in the living areas, Italian-marble flooring and hand-hewn tiles in the kitchen and baths, and an open gourmet chef’s kitchen includes top-of-the-line appliances. Constructed more than a century ago by Chicago architects Daniel Burnham and John Root as the original Chronicle Building, the West Coast’s first skyscraper, this historic structure eventually transformed into The Ritz-Carlton® Club and Residences, San Francisco. Owners of the 101 individual residences enjoy access to unrivaled services and amenities, including private lounge access, wine storage, valet parking, a fitness center and full service doorman. Five other Ritz-Carlton Residences are currently listed for sale, and only one other has sold in 2010. “Our platform is ideal for savvy, innovative buyers and sellers, which is why it lends itself well to San Francisco,” stated George Graham, CEO of Concierge Auctions. “With this sale Concierge Auctions assembled more than 140 buyer prospects who are specifically interested in buying opportunities in the Bay Area. And with only one successful buyer, the rest are anxious to hear about our next sale. Any motivated sellers or agents who desire a guaranteed sale for the highest, market-driven price within a 60-day timeframe should contact us for a complimentary property evaluation.” Boasting 1,195 square feet of living, the unit is complete with an open gourmet chef's kitchen with top-of-the-line amenities, including granite countertops, Viking refrigerator, stovetop, oven and microwave, Miele dishwasher and Kohler fixtures. Each bathroom also boasts Kohler fixtures and granite countertops, and the convenient laundry closet is outfitted with a GE washer and dryer. About the Ritz-Carlton® Residencies San Francisco Some of the most prestigious addresses in the world can be found in the luxury high rises of downtown San Francisco. In the heart of downtown on historic Market Street sits a 19th century architectural gem, The Ritz-Carlton® Residences, San Francisco. Find yourself surrounded by everything the world loves about San Francisco just steps outside your door – world-class museums, including the San Francisco Museum of Modern Art (MOMA), the Jewish Museum and the Yerba Buena Center for the Arts; the Giants ballpark; the upscale shopping in Union Square; the bustling energy of the Financial District; South of Market (SOMA); the charming cable cars; the Ferry Building with its gourmet food emporiums, restaurants and renowned Farmer's Market; the Embarcadero; the Moscone Convention Center and Michelin-star fine dining galore. The Ritz-Carlton® Club, San Francisco is mere blocks from the Powell Street cable car turn-around and is only 20 minutes from the San Francisco International Airport, 30 minutes from the Oakland International Airport, 25 minutes from Sausalito and Berkeley, and one hour from Napa and Sonoma. Live in Present Day History Services and Amenities This property is listed for sale by Pacific Union International, Inc (CA Lic. Broker#01866771). Auctioneer Frank Trunzo (Bond #511522). Concierge Auctions, LLC (Bond #511475) is a marketing service provider for auctions, is not a brokerage, and is not directly involved in selling real property. The services referred to herein are not available to residents of any state where prohibited by applicable state law. Concierge Auctions, LLC, its agents and affiliates, broker partners, auctioneer, and sellers do not warrant or guaranty the accuracy or completeness of any information and shall have no liability for errors or omissions or inaccuracies under any circumstances in this or any other property listings or advertising, promotional or publicity statements and materials. This is not meant as a solicitation for listings. Brokers are fully protected and encouraged to participate.
690 Market Street, San Francisco, California 94104
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The team at Concierge Auctions and Doug Milne (Kelly Associates) were exceedingly professional – an aggressive group of individuals who in many ways reminded me of my days on Wall Street. The auction process attracted interest, generated competition and created a market. It was a thrilling experience, and I firmly believe the future of luxury home sales will be increasingly weighted towards the Concierge Auctions methodology. ~ Andrew Osinski - Seller, Cover House | Darien, CT
We were very pleased with the professionalism of the Concierge Auctions team. Through their process we were able to identify a qualified buyer who is excited to become a resident of our fine community. ~ Lisa Richards - President, Isleworth Realty, a Christie's Great Estates affiliate | Windermere, FL
We look forward to hearing about another outstanding opportunity to buy a Concierge Auctions home from your fine company at an incomparable price. We will follow your website and tell our friends about our very positive experience today. We had a great time today, and I have told Anne several times... we should have been the final bidder on that home! ~ Elliot Oaklander - Second Highest Bidder, 9815 Laurel Valley Drive | Windermere, FL
My experience with the Concierge Auctions Team was top notch at every level. From the delivery of the auction sales materials, to the auction itself, and to the follow up for my client who bought during the auction, the attention to detail and client satisfaction was impeccable. I would recommend them to any Seller in this challenging market as well as Buyers looking for great opportunities. ~ Jim Allison - Coldwell Banker Maryl Realty | Kona, HI
Concierge Auctions is predicated upon innovation. Amidst today’s economic climate, diversification in your marketing techniques is paramount to success. For select listings, the activity generated by Concierge may be the best option to obtain the highest net value. I endorse Concierge’s services, particularly for unique and ultra-luxury properties. ~ George Ballantyne - Concierge Auctions’ Sotheby’s International Realty® liason
My experience with Concierge was satisfactory to say the least. Times were extremely difficult in the real estate market when through Sotheby’s International Realty and Richard Lewis we were directed to Concierge. They are tireless and professional, and while we all would have preferred a higher price, I’m certain they came close to maximizing the effort and therefore the results. ~ Peter F. Shields - Seller, The Rockin' S Ranch | Teton Valley, ID
This was a first for us – bidding on a house at auction. My husband and I had lots of questions, and Stuart Mattison gave us all the time and information we needed. On auction day, Stuart was right there, often by my side, giving me the support and assistance I needed to secure the house of our dreams. We want to thank Stuart and his associates for one of life’s memorable moments. ~ Donna O'Connell - Buyer, 72-3205 Punaloa Place | Kona, Hawaii
I am extremely pleased with the outcome. Concierge Auctions exposed the property to a global audience of qualified buyers and accomplished my objective of selling in an accelerated period of time amidst a very challenging market. It is especially gratifying that they were able to find new owners who will make this wonderful community their home. ~ Kelly Burt - Seller, 7 White Water Lane | Dana Point, CA
Felicity Farm was previously listed for over two years, and although it had received significant exposure on the market, a suitable offer had not been received. The Concierge Auctions method activates the marketplace by setting a date that the property will sell and forcing buyers to act. I will definitely recommend Concierge Auctions to other clients and look forward to working with them again. ~ Debbie McCabe - Prudential Fox & Roach Realtors | Wayne, PA
The Concierge Auctions process generated a tremendous response. We had more interested buyers through the property than had visited in the entire 26 months of it being listed previously through traditional brokerage efforts alone. We are pleased with the result and excited that Felicity Farm will be enjoyed by its new owners for years to come. ~ Chris Robbins - Seller, Felicity Farm | Wawa, PA
We were impressed by Concierge Auctions' effective communication of the property's historical attributes to the marketplace. The company's widespread yet precisely-controlled outreach efforts positioned the property on a platform similar to a one-of-a-kind antique or art masterpiece. We appreciated the amount of identified buyers who were educated on the opportunity. ~ Jack Biddle - Second Highest Bidder, Historic Tulip Hill | Harwood, MD
The auction generated more activity in six weeks than this property had seen in the past three years. To witness eight, active bidders competing ‘live,’ when 62 other Whitefish Lake residential properties are on the market, was a testament to the power of Concierge Auctions format. ~ Pat Donovan - Glacier Sotheby's International Realty | Whitefish, MT
You had wonderful press throughout the sale of Fawn Hill Farm. Your partners are very well versed and I was in awe of their methodology. Again, many thanks for all your help and expertise. We were impressed by Concierge Auctions' unique understanding of the significance of Fawn Hill and by its effective communication of the property's historical attributes to the marketplace. ~ Mary Horn - Weichert Realtors | New Vernon, NJ
The Concierge Auctions sales and marketing outreach efforts were phenomenal, and their team was a pleasure to work alongside. Our combined efforts generated over 80 showings in four weeks, which is a significant accomplishment considering that 54 other comparable homes are currently on the market in Weston. I would certainly recommend Concierge Auctions. ~ Patrice Schramm - Prudential CT Realty | Weston, CT
The Sotheby’s International Realty® brand is pleased to have Concierge Auctions serve as a preferred provider of luxury real estate auction services to our brokers nationwide. The Concierge platform, when coupled with the global reach of our network, is a powerful resource to accelerate the sale of unique, one-of-a-kind properties, particularly when the pool of potential buyers is small. ~ Philip White - President & COO, Sotheby's International Realty Affiliates LLC
I am thankful to the Concierge Auctions team for their diligent and expert work. The widespread auction exposure and corresponding buyer interest was undeniable, generating 10 times the activity in 30 days than the property had experienced in the prior 18 months. ~ David White - Seller, 50 Spring Creek Place | Vail Valley, CO
I was blown away by the interest that Concierge Auctions attracted. Although the prior, traditional advertising efforts were widespread, buyers were reluctant to step forward with offers. By setting a deadline, the Concierge platform allowed me to turn the tables around, and bidders were forced to compete for the right to own in Mali’e Wai. It was great to witness such strong buyer activity again. ~ Jeff Smith - Seller, Mali'e Wai | Kauai, HI
After marketing the property for over 18 months, it was difficult to attract sufficient buyer interest until we engaged Concierge Auctions. The Concierge platform brought real buyers to the table, including CEOs, accomplished entrepreneurs, real estate developers and many other highly-qualified individuals, resulting in the highest-priced sale in Jackson Hole in the past year. ~ Richard Lewis - Jackson Hole Sotheby's International Realty | Jackson, WY
The five properties of Mali’e Wai had been on the market for 16 months, and although we exposed this listing with traditional marketing, we had not generated significant interest. After partnering with Concierge Auctions the properties had 60 showings in five weeks. To have 30 qualified showings in only five weeks and six bidders is outstanding. The power of the auction platform is undeniable. ~ Neal Norman - Koa Properties | Kauai, HI
In addition to our status as a preferred provider of auction services to Sotheby's International Realty, we are pleased to have partnered with other luxury brokerage firms and market experts nationwide.
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Concierge Auctions, LLC | 527 Madison Ave, 18th Floor, NY, NY 10022 | 888.966.4759
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