Montmorency, Victoria mortgagee home sold above price guide

A Montmorency, Victoria mortagee home has sold for $913,000 at auction last month.

It went to auction with a price guide of $790,000 - $850,000.

Selling for this price represents a significant increase in value on its 2006 sale price of $340,000.

Daniel Leibowitz and Max Jones of Darren Jones marketed the three bedroom two bathroom house.

Situated at 23A Airlie Road, the home is set on a 706 sqm block.

The abode was built in 1950 and is according to the listing, "mostly original."

The median price for a house in Montmorency is $834,000 according to CoreLogic data.