Tribute Lofts Auction & Sells 30 Units

As planned, the auction to quickly reduce the remaining inventory at Tribute Lofts took place in one hour at the Omni Hotel at CNN Center. The highest price at the auction was a 1,306 square foot unit that went for $263,000 – a little over 30% less than the original asking price of $379,900. 

Tribute Lofts Sold

The cheapest sale was $132,000 for a 795-square-foot one-bedroom unit that originally was priced at $183,900 — a discount of 28.2 percent. Minimum bid prices for the one-bedroom, one-bedroom-with-den and two-bedroom units ranged from $110,000 to $198,000.

Instead of 40 units being auctioned off, only 30 units were sent to the chopping block. Some people weren’t interested in the other 10 units. Probably due to their location and size. 

Remaining are about 40 units at Tribute Lofts, which will all have their prices reduced as a result of the auction. What does this mean for you? Deals. What bargaining power buyers will have in purchasing the remaining inventory. 

 

Thanks for reading my blog. If you have an interest in buying or selling an Atlanta condo or home, please contact me, Kevin Grieco, with Atlanta Fine Homes Sotheby's International Realty. I am an industry leader in the Atlanta luxury condo market. My clients’ interests always come first. I strive to provide comprehensive buyer and seller services that are specifically tailored to my clients’ goals and objectives through honesty and integrity. I know the single-family home market very well and enjoy the flexibility of selling in both markets. I offer million-dollar marketing for homes in all price ranges, ensuring your property is exposed everywhere by connecting buyers and sellers through the Sotheby’s International Realty Global Network with prestigious advertising partnerships. I am also a Life Member of the Multi-Million Dollar Sales Club. Please call my cell at 404-822-4156 or contact me via email at kevin@atlantaskyrise.com.

6 Comments

  • June 26, 2008

    John

    What are the prices for the remaining condos. Does anyone know?

  • June 27, 2008

    Kevin Grieco

    John, If you send me am email, I’ll send you the listing information. If you are just looking for general information, I can post it here. I will tell you the prices range from $174,900 – $520,000 depending on the floor/view/size.

  • July 5, 2008

    John

    I think on the tribute lofts website they have updated the prices and a 1 bedroom’s asking prices is 139,000. If you know any other info, please email me. hapshey_usa@yahoo.com

  • July 11, 2008

    Franklin

    Pricing now starts in the $130s for a 795sf 1BR.

  • October 29, 2008

    Lyn

    How do you hear about these auctions?

  • October 29, 2008

    Kevin Grieco

    It was all over, in addition to receiving information through my real estate office.

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