East Toowoomba mansion goes under the hammer
IT WAS a tough slog for auctioneer Kim Taylor as he faced a reserved crowd in the backyard of a prime Arthur St property.
It was a case of all's well that ends well though, with former owner Mark Magnusson and property agent Alex Lincoln both walking away smiling after the hammer came down at $1,302 500.
The 32 Arthur St property was listed earlier in the year with an asking price of $1.59million, but it was obviously a buyer's market and the bids were slow to come through.
Six buyers registered early and another joined later in the auction, but a sizeable crowd turned out to watch the action and gauge the market.
The final $40,000 in the price tag took 20 minutes to achieve, with bidders going up in $2500 increments on the luxury property.
An hour after bidding was opened, the hammer finally came down.
Mr Magnusson said he had already moved into his new home and was pleased to farewell the stunning mansion.
"We've been building for the last two years and we moved in two months ago, so we don't need it anymore," Mr Magnusson said.
"We're absolutely happy with the result."
Mrs Lincoln said she would head home feeling satisfied with the sale of the beautiful East Toowoomba gem.