34 Medina Rd, Glen Waverley, sold after auction for $1.465 million.
BEHIND-the-scenes bidding sealed the $1.465 million sale of a Glen Waverley, home on the market for the very first time.
Three bidders emerged immediately after the four-bedroom home at 34 Medina Rd was passed in on a vendor bid of $1.35 million.
A second auction was effectively played out behind closed doors, with negotiations lasting about 30 minutes.
Harcourts auctioneer Dexter Prack said the home sold for $45,000 above reserve to a buyer who planned to rent it out in the short term.
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Lorraine and Graham Baker had a nervous wait but were happy with the sale price for their home of 54 years.
A gas log fire and large windows are features in the lounge and dining area.
It was a nervous wait for sellers Lorraine and Graham Baker, who built their family home more than 54 years ago when much of the area was orchards, paddocks and bushland.
“The area has changed dramatically since we built here in the early ’60s,” Mrs Baker said.
“This was a dead-end street and there was just bush at the end of the street. It really was quite rural.”
The couple, who raised three children in the home, bought the 652sq m block of land for £1600 and spent another £500 to build their dream home.
“It is quite an emotional day for us but the kids are all grown up and have their own kids, and it’s time to downsize,” Mrs Baker said.
She said they would stay in the area they loved and had bought a smaller villa just around the corner.
The kitchen wraps around an island bench and has a meals area.
The manicured gardens have been meticulously cared for.
The classic home, in the popular Glen Waverley Secondary College zone and around the corner from Glendal Primary School and Wesley College, has been meticulously maintained inside and out.
The auction, held in the home’s beautifully manicured front garden, was a rollercoaster for Mr and Mrs Baker but they were pleased with the final result.
Mr Prack kicked off the auction with a vendor bid of $1.25 million. When pleas for an offer went unanswered by the crowd of about 100 people, he went inside to consult the vendors.
He placed a second vendor bid of $1.35 million when he returned but still the crowd could not be sparked and the home was passed in.
Mr Prack said the bidders were reluctant to be the first to put up their hand despite strong interest in the property, which had a price guide of $1.35-$1.48 million heading into the October 13 auction.
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