Masterpiece by Motleys Sale Featured in BizSense
An alternative approach to selling higher-end homes has paid off for the head of a local auction house.
The Henrico County home of auctioneer Mark Motley landed a buyer last month through an accelerated sale that attracted offers from eight interested parties.
The winning offer, $1.3 million, was above the sale’s asking price of $1.1 million as well as the county’s latest assessment, which valued the 7,000-square-foot house in the Barrington West neighborhood at $1.17 million.
Motley, president of Motley’s Asset Disposition Group, had put up the lakefront, French Tudor-style house at 11801 Oak Point Court to kick off his company’s new high-end real estate division, Masterpiece by Motleys. The division has two other homes outside Richmond that are slated for accelerated sales.
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