We have received the inside working of the transaction from one of the activists who worked, with great dedication and in close cooperation with the local authorities, to save the house for posterity.
It has been sold by the composer’s heritage-proof grandson to a weekender couple who intend, it is understood, to knock it down and replace it with a customised modern dwelling for their leisure and opleasure. petition to persuade Mr Tyler to think again has gather close to 1,000 signatures. It appears that the vendor needed an instant cash deal.
Here are the grim details:
- About two weeks ago, the Charles Ives Society, the Town of Redding and the Redding Land Trust jointly offered US $1.32 million for the Ives House, which has been listed with real estate broker Paul Lutz of Coldwell Banker (Paul.Lutz@coldwellbankermoves.com) for an asking price of $1.5 million since sometime in 2011.
- The offer was rejected by Charles Ives Tyler, the owner of the Ives House (the composer’s grandson), which motivated the Ives Society buyers’ group to increase its offer to $1.52 million, $20,000 MORE than the asking price.
- This higher offer from the Ives Society was also rejected last week, with the broker informing them that Mr. Tyler had instead accepted a cash offer (i.e. no mortgage contingency) from a family who wants to use the residence as a weekend home.
- It is not clear how much the family has agreed to pay for the House, although we believe that one of the reasons Tyler (and the broker) preferred the private party transaction was that it could be consummated more quickly.