Auction Results On Maintained Ascent
Further record results for the March 13 weekend as the property surge continues.
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In yet another weekend of unprecedented results, Saturday (March 13) saw three capital cities record auction clearance rates above 90%.
Sydney (90.6%), Adelaide (90.9%) and Canberra (93.4%) led the national results.
It is the second time in three weekends that the Sydney market sat above 90%, reporting 716 auctions, a rise on the 655 of the weekend prior and the 644 12 months earlier.
Sydney’s results saw rates of 90.4% for houses and 90.3% for units — with a median house price from the weekend’s results of $1,550,000.
Melbourne, meanwhile, returned from a holiday weekend with a surge in listings. 978 homes were reported for auction, well above last weekend’s 405, though still below the 1090 offered on the same weekend last year.
Melbourne returned a clearance rate of 81.5%, up on last weekend’s 80.6%. The Victorian Capital recorded a median house price of $1,100,000 for weekend sales — up on the previous weekend’s $948,000.
Data powered by Dr Andrew Wilson of MyHousingMarket.com.au
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Former Google CEO Eric Schmidt is selling his Northern California estate, which was listed Monday for $24.5 million.
Located in Atherton, an extremely affluent town northwest of Palo Alto and about 30 miles south of San Francisco, the 3.36-acre property is made up of three parcels that Schmidt acquired over the years, according to public records and Compass, who has the listing.
Schmidt, 69, and his wife, businesswoman Wendy Schmidt, purchased the main home in 1990 for $2 million, according to public records accessed via PropertyShark. They remodelled the 1969 home in 2007, and at that time, bought a neighbouring parcel of land, allowing an expansion of the main house and the addition of a guest house, according to Compass, who holds the listing. A third parcel was later acquired, on which the Schmidts added an English garden house and landscaped grounds overlooking the Eastern Hills.
“Finding three contiguous parcels in Atherton is rare. Even rarer are those with views of the Eastern hills,” said listing agent Katharine Carroll of the reSolve Group at Compass. “The location of this residence is ultra private, at the back of a cul-de-sac with the main house built into a hillside that provides privacy and very good security.”
Across the estate, there are five bedrooms, five full bathrooms and six half bathrooms.
The 5,265-square-foot main house also offers a number of private outdoor spaces on its upper level, including a large terrace off the primary suite, another large terrace off a secondary bedroom, plus a third smaller terrace and two balconies.
Behind the main house is a patio with a pool and spa. For even more outdoor space, there’s an entertaining pavilion, an open lawn and an outdoor fireplace area near the guest quarters.
The grounds themselves are also a standout feature, with an array of mature plants and specimen trees. The upper portion of the property’s landscaping is designed around an Amdega-designed conservatory, which was imported from the U.K. Around the greenhouse, there is a garden of raised beds and fruit trees, Carroll said.
“From the moment you step onto the grounds, it feels as if you’ve been transported to a private botanical sanctuary,” she said.
Schmidt served as Google’s CEO from 2001 to 2011, and then became the company’s executive chairman until 2015. He could not be reached for comment.
This article first appeared on Mansion Global
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