George Madison Millard Open House Sunday, June 23 1-3pm

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DavidC
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Post by DavidC »


pharding
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Post by pharding »

Someone got the biggest bargain in the history of Frank Lloyd Wright. Great House that modest deferred maintenance, sound structurally, and great location being a couple of blocks off the lake. I am happy for the current owners. Kudos to the Julie the broker.
Paul Harding FAIA Restoration Architect for FLW's 1901 E. Arthur Davenport House, 1941 Lloyd Lewis House, 1952 Glore House | www.harding.com | LinkedIn

SDR
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Post by SDR »

Amen. Now we hope it isn't someone intent on a Frank Lloyd Wright amusement park . . . !

SDR

Paul Ringstrom
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Post by Paul Ringstrom »

Any idea what the final sales price was?

I bet the stained glass windows would be worth more that the sales price.
Owner of the G. Curtis Yelland House (1910), by Wm. Drummond

SDR
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Post by SDR »

Shhh. We don't want to give the innocent bad ideas !

SDR

Roderick Grant
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Post by Roderick Grant »

Julie Sloan's book on FLW's glass includes drawings of the Millard windows on page 213, a simple variation on the classic diamond pattern, on its side, with only a few colored triangles of one color per window (red or blue in the major rooms, ivory in the upstairs). But FLW's design was simplified as built. The market is soft right now, and I doubt the sale of those windows would bring anyone riches; the removal of them would devalue the house more than the sale would bring.

Paul Ringstrom
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Joined: Sat Sep 17, 2005 4:53 pm
Location: Mason City, IA

Post by Paul Ringstrom »

Roderick Grant wrote:the removal of the windows would devalue the house more than the sale would bring.
...without a doubt.
Owner of the G. Curtis Yelland House (1910), by Wm. Drummond

cottonwood
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Post by cottonwood »

[quote="cottonwood"][quote="pharding"]That FLW House is an unbelievable bargain at that price in that community.[/quote]
And now an even bigger "bargain" with the latest price chop to 799K. The asking price history thus far: $1.399M>$950K>$849K>$799K. At least the agent has slightly backed off emphasizing the land value and possibility of development.[/quote]

$1.399M>$950K>$849K>$799K> SOLD @ $687,500!

DavidC
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Location: Oak Ridge, TN

Post by DavidC »


Paul Ringstrom
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Joined: Sat Sep 17, 2005 4:53 pm
Location: Mason City, IA

Post by Paul Ringstrom »

Owner of the G. Curtis Yelland House (1910), by Wm. Drummond

SDR
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Location: San Francisco

Post by SDR »

Hadn't noticed that the soffits of the house match the siding, with its square battens. Texture galore; "Reverse rustication" ?

SDR
Last edited by SDR on Wed Dec 16, 2015 3:22 pm, edited 1 time in total.

DavidC
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Location: Oak Ridge, TN

Post by DavidC »


DavidC
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Post by DavidC »


Roderick Grant
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Post by Roderick Grant »

I wonder what the Jewish Federation plans to do with it. Most likely, since it will not be on the tax rolls, they can put it on the market and wait for the best offer? I hope it eventually is bought by someone who cares ... needless to say.

Duncan
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Joined: Sat Apr 21, 2012 11:05 pm

Post by Duncan »

Unless the tax laws there are different than in California, in order to be tax exempt the building has to be used for a tax exempt purpose. Vacant and on the market is not such a purpose, and would therefore be taxed. I suppose it is possible to find a temporary tax exempt purpose while the house is being marketed, but that might not be that easy, given the uncertain nature of marketing real estate.

The owner/donors will get a tax deduction on the assumed (presumably very high) asking price, even if the house sells for much less later.

In any case, the Federation gets a nice donation, and a valuable architectural resource has been restored and saved.

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