House is going, going, gone

first_imgWOODLAND HILLS – Within minutes Saturday, the 1960s-era ranch house at 22142 Tiara Street had been sold, for $708,750. One hundred and three people registered for an unusual auction of the three-bedroom, two-bath house, proffering cashier’s checks for $25,000 each to secure their right to bid. Many more people came to watch, crowding around in the front yard in the unseasonably hot November sun. The winning bid, by a man who would only identify himself as a local investor, was for $675,000. A 5 percent buyer’s premium brought the total to $708,750. “It went up so fast, I didn’t even have a chance to hold my flag up,” said an astonished Alan Alegar, 47, of Granada Hills. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBlues bury Kings early with four first-period goals A general contractor, Alegar had planned to bid up to $550,000 on the 1960s-house, which is in a neighborhood where homes have sold for $750,000 to $800,000. The auction also included two 2.5-acre desert parcels in Antelope Valley, which went for $35,000 and $40,000 to different buyers, said Premiere Estates Chief auctioneer Todd Wohl. Woodland Hills Realtor Andrea Volore, who attended the auction on behalf of a client, also missed out on the house, but came away a winner anyway: she had the winning bid of $80 on a charity auction of five home decorating books, with the proceeds to benefit Habitat for Humanity. Lisa M. Sodders, (818) 713-3663 [email protected] 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img

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