Cornerstone to Auction 40 luxury condominiums, With Minimum Bids Starting at $169,000
Cornerstone Partners announced today that it will conduct a closeout real estate auction for 40 condominiums at The Colonnade at Kentlands, a residential development in Gaithersburg, MD. The auction will take place on Sat, October 24th at 1:00 p.m. at the Hilton/Washington DC Rockville
Minimum bids for the homes will start at $169,000. The Colonnade auction information center and model homes will be open to the public through October 23 and is located at 23 Arch Place, Gaithersburg, MD. Advance registration to participate in the auction is required.
“This auction will offer buyers a once in a life time opportunity to own a home at The Colonnade at a steeply discounted price. This development is surrounded by shops, entertainment opportunities, conveniences and services, with easy commuting to the metropolitan DC area.”,” said Susan Piracini, CEO of Cornerstone Partners. “Mortgage rates are still very low and with the $8,000 tax credit in effect until November; this is an outstanding value for prospective homebuyers, particularly first-time buyers.”
These 1, 2 and 3 bedroom condos range in size from 772 sq. ft. to 1,526 sq. ft., with minimum bids ranging from $169,000 to $285,000. Deeded, covered parking will also be available to winning bidders, as well as a host of resort style amenities, such as 2 story fitness center, clubhouse, cyber café, theater room and more.
The homes feature open floor plans, some with loft spaces, hardwood floors, and full size washers and dryers in the condos. Kitchens feature granite counter tops and stainless steel appliances. Other features include kitchen islands, large walk-in closets and a high-tech backbone of cable and Internet technologies in every home.
For more information or to Tour The Colonnade at Kentland:
Please call or email D’ann Faught (571.244.1827)
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