PHOTO: Auctioneer Damien Cooley at the Service Ave auction. Gaye Gerard Source: News Limited
A family were left “emotional” after their home of 54 years sold in a flash for $600,000 above their expectations. And it was just one of a slew of unexpected sales this weekend.
An Ashfield family got a surprise windfall for their home of 54 years when it sold under the hammer for $600,000 above their expectations.
The Kitanov family purchased the five-bedroom house on Service Ave in 1967 and got $2.5 million at auction on Saturday.
Victoria Kitanov, who grew up in the house, said the family would have been elated to sell for their $1.9 million reserve price and felt “emotional” after getting such a high price.
“I had heard it was an explosive but uncertain market,” she said. “We were obviously hoping it would go over $1.9 million but never thought it would be by that much.”
Title deeds showed Ms Kitanov’s parents owed about $14,000 on the property at one time but it was not clear how much they paid for the property when they bought it.
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