The red-bricked Victorian home where Beatles star John Lennon spent the first five years of his life was auctioned for 480,000 pounds ($770,250)  this evening.

The three-bedroom, mid-terraced home at 9 Newcastle Road in Wavertree, Liverpool, is located just a few minutes away from Penny Lane — the title of one of the Beatles’ most iconic tracks. The BBC reported that an American who wished to remain anonymous bought the home after a bidding war.

The property, that Lennon lived in from 1940 to 1945, has only changed hands a few times since the Lennon family left and according to the current owner, the property still strongly resembles the home that Lennon lived in.

Brown agrees that the house has retained some of the feel from when Lennon lived there, but concedes that if a Beatle hadn’t inhabited the property, he would have refurbished the place. “If it was any other house, you’d say ‘get the builders in.’”

The auction took place at The Cavern Club, a music venue about three miles from the house. It’s a special place to the Beatles as they played there some 292 times between 1961 and 1963.