this post was submitted on 24 Aug 2024
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TIL that in 2006, a woman named Edith Macefield turned down a reported offer of $1 million to sell her 108-year-old farmhouse to make way for a commercial development in the Ballard neighborhood of Seattle, Washington. Instead, the five-story project was built surrounding her house.

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[–] [email protected] 2 points 2 months ago

The Seattle Times recently published an article that indicated it may soon be a park.

[–] [email protected] 7 points 2 months ago (2 children)

Why is this surprising? Today that house is worth a few million. People hold out all the time. The longer you wait, the more you rake in.

[–] [email protected] 2 points 2 months ago

Ballard is ridiculously far away from anything and should be its own city at this point. That $300k a a more realistic number.

[–] [email protected] 20 points 2 months ago (2 children)

It's surprising because it was not worth that at the time, and she knew they'd develop all around her, and she lived there. This wasn't an investment property and she wasn't holding out for more. She was just stubborn and didn't want to move. It has sold a couple times since then for ~300k.

[–] [email protected] 1 points 2 months ago* (last edited 2 months ago) (1 children)

Oh. That's the story then. The story isn't that she was offered a million and refused. That's normal.

The story is that she sold it for $0.3 million later. That's remarkable.

[–] [email protected] 4 points 2 months ago

She died before it was sold.

[–] [email protected] 17 points 2 months ago

She died 2 years later. Assuming she was old and/or in poor health, I can absolutely understand not wanting to move. It's especially stressful for the elderly who may have lived there for decades. And it's not like she could take the money into the afterlife anyway.

[–] [email protected] 28 points 2 months ago

She died 2008.

In July 2009, Barry Martin sold the house to real estate investor Greg Pinneo for $310,000.[18] Pinneo intended to use the house as an office to run his real estate coaching firm Reach Returns.[19] However, on March 13, 2015, the house went through foreclosure auction and was subsequently put back on the market.[18] Pinneo had failed to pay back taxes on the house.[20]

[–] [email protected] 5 points 2 months ago
[–] [email protected] 35 points 2 months ago
[–] [email protected] 68 points 2 months ago (1 children)
[–] [email protected] 20 points 2 months ago (1 children)

Lol I needed a picture... Close enough

[–] [email protected] 73 points 2 months ago (5 children)

It's right there in the article

[–] [email protected] 2 points 2 months ago

Killer views

[–] [email protected] 12 points 2 months ago (3 children)

Thats not a farm house. Its just a house.

[–] [email protected] 3 points 2 months ago

The farm packed up and left. Sadly couldn't move the house it was to heavy.... S/

[–] [email protected] 14 points 2 months ago

108 years old. I'm sure it was a farm house when it was built.

[–] [email protected] 18 points 2 months ago

They developed the rest of the farm.

[–] [email protected] 11 points 2 months ago* (last edited 2 months ago) (3 children)
[–] [email protected] 1 points 2 months ago* (last edited 2 months ago) (1 children)

I loved that movie as a kid. How does it hold up?

[–] [email protected] 1 points 2 months ago

Some of it like Sour milk. But I've always loved the movie.

[–] [email protected] 1 points 2 months ago
[–] [email protected] 1 points 2 months ago (1 children)

Got a 404 on that link, btw

[–] [email protected] 2 points 2 months ago

That last / escaped the )

fixed

[–] [email protected] 2 points 2 months ago

...yes, yes it is.