No sale in auction of house in Tahoe Keys
It looks like it’s back to the drawing board for an Anita Drive home that was advertised last week to sell at a starting price of $222,564 or “best reasonable bid.”
The house remained on the market Monday with the seller, David Beecher, saying he plans to place it back on the multiple listing service for $445,000.
He had tried to stage a quasi-auction of sorts last weekend. Before the auction the house was listed for $449,000 – about $30,000 more than what his former agent said would be an ideal selling price.
Beecher took out classified ads in three newspapers a week ago pledging to take bids over Saturday and Sunday afternoon. He said Monday he was disappointed in the bids that came in.
“I would have been happy selling it at a discount,” he said.
He said four people bid on the house but declined to submit the amount of the highest bid. Beecher considered a reasonable bid in the $300,000 range, he said.
The South Shore man, who runs Beecher Capital Investments, said he bought the house in October 2004 for $290,000 and put about $50,000 of remodeling work into it. The house was on the market for 150 days before he decided to take matters into his own hands. He wants to sell and rehabilitate houses through his South Shore company.
“I’m not opposed to Realtors,” he said.
His former agent, Jacqueline Parenteau of Coldwell Banker, said she understood Beecher’s motive. She advised him the home would be more desirable if he furnished it, but he insisted on selling it on his own.
“I wish him the best,” she said.
A McKinney & Associates colleague, Bob Marholin, said he believes the 891-square-foot cabin should be listed for a price between $350,000 to $375,000. It has two bedrooms and one bathroom.
South Lake Tahoe Board of Realtors President Theresa Souers, who works for Century 21 Tahoe Paradise, said she’s not surprised Beecher didn’t sell his home.
“He has the right to do whatever he wants to do, and I applaud anything creative, but he’s asking way too much than our current value,” she said.
Beecher said he intends to sell it on his own again in a month’s time.
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