McCain Home Foreclosure & Auction!

McCain Home Foreclosure & Auction!

McCain Home Foreclosure & Auction!
McCain Home Foreclosure & Auction!

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Don't you just love looking into the home of someone you heard about almost every day for over a year? Our curiosity gets to us too. This was Cindy McCain's rather ho hum family home where she grew up and it was the home in which she and John raised their own family. From the time they sold it in 2006, the new and current owner, Jane Popple, has orchestrated a huge renovation adding approximately 4,000sf which included more bedrooms and bathrooms, getting the count up to 11 and 13 respectively and a major redo of the kitchen. Having purchased the house for $3.2m, the renovations have brought Jane's investment up to $4.5m. Though the McCains got out unscathed, the real estate market crash has brought Jane to her knees on this investment so it will be going up for auction on August 15th as a short sale priced at $3m. That even makes beads of sweat pop out on our foreheads! This is one more classic example of what sellers are going through with the drop in the economy, but good news to those with the money to take advantage of a good deal when they see it!

Perfect down to the last detail, rarely does such a huge estate emit such warmth with each room more inviting than the last. Floors throughout are of hand scraped antique walnut and ceilings, many of which are vaulted and covered with warm woods, have been raised to give airiness and light. The master retreat is the end-all with it's private walled garden with sunken hot tub and a bath we all dream about. The Chef's kitchen and blended commercial catering kitchen make all things possible.

This could possibly end up being the deal of the century. Sarah P., couldn't you have had a little patience? Kicking yourself now? For everyone else, the magic date is August 15th!

Source: www.realtor.com