Natick Mall Condo Auction Results

Here are the results for the condo auction. Moving forward, the remainder of the condos will be for sale at auction prices with minor price adjustments according to view and floor.

If you know anyone interested in buying or selling a home, please let me know! I'd be glad to help. Also, if you know anyone who might be interested in purchasing one of these condos in Natick, I can arrange for that as well.

Paul Shao
Keller Williams Realty
508-960-4095

Note: The S stands for Study.

Unit #	Bed/Bath	SQFT	Last Asking	Sale Price	% Discount	$/sqft
902	2/2	1068	$679,900	$335,000	51%	$314
1002	2/2	1068	$699,900	$365,000	48%	$342
626	2/2	1212	$829,900	$394,000	53%	$325
632	2/2	1212	$839,900	$391,000	53%	$323
1006	2/2	1168	$695,900	$367,000	47%	$314
906	2/2	1168	$639,900	$348,000	46%	$298
806	2/2	1168	$644,900	$353,000	45%	$302
948	2/2	1236	$649,900	$411,000	37%	$333
848	2/2	1236	$624,900	$402,000	36%	$325
748	2/2	1236	$599,900	$385,000	36%	$311
943	2/2	1310	$839,900	$413,000	51%	$315
843	2/2	1310	$819,900	$417,000	49%	$318
722	2/2	1330	$614,900	$380,000	38%	$286
622	2/2	1330	$698,900	$388,000	44%	$292
701	2/2	1167	$649,900	$333,000	49%	$285
601	2/2	1167	$634,900	$335,000	47%	$287
926	2/2	1212	$645,900	$346,000	46%	$285
826	2/2	1212	$784,900	$347,000	56%	$286
932	2/2	1212	$659,900	$350,000	47%	$289
1004	1+S/2	1078	$734,900	$327,000	56%	$303
904	1+S/2	1078	$699,900	$315,000	55%	$292
704	1+S/2	1078	$739,900	$364,000	51%	$338
924	1+S/2	1041	$509,900	$312,000	39%	$300
824	1+S/2	1041	$604,900	$310,000	49%	$298
624	1+S/2	1041	$579,900	$308,000	47%	$296
1003	1/1.5	875	$509,900	$266,000	48%	$304
903	1/1.5	875	$489,900	$260,000	47%	$297
603	1/1.5	875	$449,900	$255,000	43%	$291
944	1/1.5	922	$559,900	$290,000	48%	$315
844	1/1.5	922	$534,900	$285,000	47%	$309
744	1/1.5	922	$514,900	$281,000	45%	$305
942	1/1.5	796	$504,900	$249,000	51%	$313
842	1/1.5	796	$479,900	$249,000	48%	$313
1013	3/2	1774	$1,114,900	$510,000	54%	$287
913	3/2	1774	$1,114,900	$501,000	55%	$282
813	3/2	1774	$1,114,900	$489,000	56%	$276
1205	3/3	2110	$1,684,900	$626,000	63%	$297
1105	3/3	2210	$1,584,900	$604,000	62%	$273
1209	3/3	2056	$1,599,900	$570,000	64%	$277
1204	2/2.5	1596	$1,284,900	$470,000	63%	$294
923	2+S/2	1495	$949,900	$399,000	58%	$267
927	2+S/2	1591	$984,900	$447,000	55%	$281
929	2+S/2	1495	$964,900	$395,000	59%	$264

What will the natick mall condos sell for at auction?

9/17/2009

As you probably heard, 42 units at the Natick Mall(Nouvelle) condos are going to auction. Why are they only auctioning off 42 out of the 200+ units? There are two simple reasons.

1. Mostly importantly, the purpose of the auction is to generate a lot of interest in this condo project. They will use the auction units to bait potential buyers into seeing these condos and hopefully buy a unit in the future at market value.

2. Second, it’s to determine the market value of these condos. They want to figure out what buyers are willing to pay for these units. Once the auction determines the market value, they will price the remainder of the units accordingly based on the results of the auction.

So what will these properties sell for at auction? My analysis is as follows:

1 bedroom 1.5 bath 800-900sqft units will sell for $240k-$260k
1 bedroom + study 2 bath ~1050sqft units will sell for $300k-$330k
2 bedroom 2 bath 1100sqft -1300sqft units will sell for $360k-$400k
2 bedroom + study, 2 bath 1500sqft-1600sqft will sell for $420k-$450k
3 bedroom 2 bath 1800 sqft will sell for $470k-$500k
3 bedroom 3 bath 2100sqft penthouse will sell for $600k-$700k