Developers sell out property at J.P. King Auction for $1.27 million

AUBURN, AL—Developers sell twelve remaining units at the Tiger Inn East Condominium Development for $1.27 million on Saturday, February 9th.

This J.P. King auction event resulted in a complete sellout for Birmingham developers Mike and Justin Craft. “Even with the slower real estate market, J.P. King was able to accomplish our goals and exceed our expectations through the auction process. We were able to sell out all of our remaining units at prices we were very pleased with,” said Mike Craft.

The development property attracted a standing room only crowd to the Auburn University Hotel, and 27 registered bidders came from as far away as New York. All twelve condominiums sold in under an hour.

“Some say the real estate market is soft, but Saturday’s auction demonstrated that good properties and aggressive marketing produce superior results,” said Craig King, president of J.P. King Auction Company.

J.P. King is the nation’s leading auctioneer of condominiums, luxury properties, and developments, conducting auctions in 49 states and six countries.

Recent Headlines

J.P. King Auction Company Continues Florida Success with Steinhatchee Resort Auction
Scott King awarded ATS designation from National Auctioneers Association
All Sold! J.P. King Auction Company Sells TVA Kingston Waterfront Properties
J.P. King Auction Company Sells Heath Shuler’s Mountain Estate for $1.54 Million
Magdalena Palace model Devault Manor to Auction J.P. King Auction Company to Auction Unique Johnson City, TN Estate
Health Shuler’s Mountain Estate to Auction
TVA Retains J.P. King Auction Company to Sell Kingston Waterfront Properties
J. P. King sells another luxury waterfront home and continues its total sellout in the Carolinas in recent months.
J.P. King Auction Company Auctions Scenic Calabria Ranch Estate Homes for $3.11 Million
J.P. King Auction Company Takes Calabria Ranch Estate Homes to Auction
J.P. King Auction Company Announces Historic Tapoco Lodge and Two Waterfront North Carolina Properties Auction for more than $4 Million
J.P. King Auction Company to Auction Historic Tapoco Lodge in North Carolina
Mountain Masterpiece Estate Auctions for $1.072 Million
J. P. King Auction Company Sells Peters Township Home for $3.44 Million
Prime Location 390 Acre Development Land with Montgomery Motorsports Park to Sell at Absolute Auction


Copyright © 2016 J. P. King Auction Company, Inc
Auction Information Center 800.558.5464 • Corporate Office 800.662.5464 • Fax 256.543.8036
Privacy Policy