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| Four Public Inspections of the Galloway Mansion
Scheduled for September 14, 18, 21 & 23;
Admission Benefits St. Jude’s Three Adjacent Executive Homesites Also Available at Live Auction Set for September 23 |
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Memphis, TN August 29, 2003 – A series of public inspections
will showcase the Galloway Mansion prior to the September 23 live auction of
this $2.3 million residence considered one of the best examples of early 20th
century Greek Revival mode architecture in Memphis. Additionally, three
adjacent executive homesites also are available. No minimum bids are required;
the residence and building sites will go to the highest bidder/s.
*This inspection is for registered bidders only, just two hours before the live auction that begins at 12:30 p.m. on September 23 Tranzon Durnil, a member of Tranzon LLC -- a nationwide accelerated marketing and auction firm headquartered in Richmond, VA – is conducting The Galloway Mansion auction sale in tandem with the respected regional realty firm of Crye-Leike, Inc. A $5.00 admission charged at the first three inspections will benefit St. Jude’s, one of the national charities sponsored by Tranzon. According to Tranzon’s Ed Durnil, who is based in Elizabethtown, Kentucky, the three-story, approximately 12,000 square foot Galloway Mansion encompasses an entire city block in Memphis’ stately Evergreen Historical District. Bidders have the option to buy this residence or one or more of the three in-town homesites (on three-quarter acres each) that represent some of the last undeveloped land within Memphis city limits. Again, no minimum bids are required. "This is prime real estate, especially considering the scarcity of undeveloped land in the city. Memphis has experienced a revitalization of its downtown and people are coming back to enjoy the new attractions. Living in Midtown Memphis, you have the best of both urban and suburban worlds while still well within city limits. Benefits include a short 10- to 15 – minute commute to the commercial district plus the surrounding beauty of Overton Park, created by the same visionary who designed New York’s Central Park," says Durnil. Built of solid masonry, the 93-year-old home was completed in 1910 and has nine gable dormers and a green tile roof. Four massive limestone Ionic columns support a two-story front portico. Much of the interior was imported from Europe, including a marble fireplace with an elaborately carved French walnut mantle in the drawing room featuring life-sized figures. Galloway last sold in 1998 for $1.3 million. Another million was spent on restoration and modern updates including installation of powerful central air, upgraded multi-zoned lighting and high-tech security systems, addition of a gourmet kitchen with Viking appliances, and creation of a third-floor, state-of-the-art home media center/playroom. For more information about auction requirements, contact Tranzon’s Barbara Durnil at (270) 769-0284 or bdurnil@tranzon.com Tranzon has 11 member companies and 22 offices coast-to-coast that together conducted auctions, sealed bid sales and liquidations in 32 states and the District of Columbia last year. Professionals specialize in providing real estate and business asset and liquidation auction and accelerated marketing services to corporations, financial institutions, trustees, individuals and estates throughout the U.S. Currently, Tranzon has 130 auction and sales listings in progress in 25 states. Learn more about Tranzon at www.tranzon.com |
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