Ok, so that last weekend open discussion ended up a disaster, but I’ve got hope that appendages, fluids, and the jacuzzi birthing parties are all behind us know. Let’s try this again.
“What idiot was going to pay $6 million for that?”
From the Star Ledger:
(who sent me a pre-cease and desist fair use nastygram the other day, be sure to click that link a dozen times so newspapers realize just how much traffic blogs push to their sites.)
Valet parking. Hors d’oeuvres. A financial-background check and a cashier’s check for $100,000 just to participate.
Potential bidders can expect all of that in an auction of the Froh Heim mansion, the Far Hills estate that once belonged to the town’s founding family. After going on the market more than a year ago for $8.9 million, the Mediterranean-style estate is to be auctioned this month to the highest bidder, whatever the price.
Heritage, based in Far Hills, bought the mansion for $2.1 million in October 2007 and spent more than $1 million on renovations, Jorgensen said. The company lowered its asking price several times, finally to $5.5 million, Jorgensen said.
“We’ve come very close to a couple of very serious people purchasing well over the 6’s,” she said, referring to prices of more than $6 million. “Had it been in different times, I don’t believe we’d be having this conversation.”
Maybe the last few functioning neurons in my head have checked for the weekend, but with a $2.1 million purchase, and $1m in renovations, I’m going to go out on a limb here and value the place at, oh, I don’t, know, $3.1 million maybe? What idiot considered this place at $6? What idiot priced it at almost $9?