Filed under: Estates
If you want this home you'll need to move quickly it's being auctioned off on Monday, August 3. This home is located in a place I spent plenty of time in as a child, the community of Oyster Harbors in Osterville, Massachusetts. This gated community is no recent addition to Cape Cod, it was established in 1927 on Osterville Grand Island. Today's home is a mortagee's foreclosure being auctioned off by JJManning Auctioneers. Supporting documents show that it is owned by Krikor Baytarian, head of Norada Construction, the company which built the home.
The new 8,500 square foot home sits on approximately 1.52 acres. The five-bedroom home includes large common areas, library, third floor observatory, a first floor master suite and the potential for additional guest quarters over the garage. The property is enhanced with decks, patios, and an in-ground pool with cabana and a pool house with a full bath, laundry, changing rooms and a wet bar.
A $50,000 deposit in certified or bank check must be shown at the auction. The balance is due in 30 days and other terms will be announced at the sale. Related documents say the home was once listed at $5.85 million and the tax assessment is $3,312,300.
Gallery: Oyster Harbors