Far from the aura of a Santa Monica Blvd. sunrise, singer Sheryl Crow is involved in a very unusual impending real estate transaction. In partnership with Tennessee realtor Comas Montgomery and auctioneering network MarkNet Alliance, she has put up for online bid only her 150-acre French-style property in College Grove.
“Overall, the interest has been great,” MarkNet auctioneer Stephanie Mitchell tells FishbowlLA today via telephone. “We’ve had over 12,000 unique visitors to the auction site, and inquiries from Chile, Egypt, Canada and all across the United States.” Among the property features are a recording studio (minus the recording equipment), an indoor riding arena and solar panels that reduce the monthly utility nut by an average of 42%.
The minimum opening bid amount is a cool $1 million, while the required reserve price remains (customarily) undisclosed. In order to participate, bidders must put $50,000 into an escrow account, which Mitchell says a number of potential buyers have already done. The auction is set to close at 6 p.m. Central Time on Tuesday, November 23rd.
“MarkNet got into the online residential auction realm two and a half years ago,” explains Mitchell. “We’ve sold properties all over the United States, and in some cases buyers do indeed purchase them without ever setting foot in the house. But the Sheryl Crow estate is the first celebrity owned property I have personally handled.”
The singer bought the home about six years ago, and it was she who had the discrete solar panels installed above the 14-stable horse barn and adjacent paddock areas.