Alton Bay McMansion

BroadHopper · 03-12-2020, 02:20 PM

If anyone follows the real estate of Mcmansions, those who built one ended up losing big bucks I don't feel sorry for them at all!
To me its like payback for demolition of a perfectly good 'On Golden Pond' nostalgic fishing camp and putting in an 8000 foot Adirondacks that is more suitable in the Adirondacks.

Family had an 1892 fishing camp that was once a brake man's house on the old lakeshore railroad. We sold it when we can no longer pay the outrageous taxes. The new owner teared it down and built a humongeous mcmansion only to foreclose within a few years of ownership. About that time, 2007, the property did not meet minimum bid at auction and was 'abandoned' by the bank for a few years. The bank did not drain the pipes and substantial water damage was made. Vandalism took its toll. The bank eventually sold the property for less than what we sold it for. New owners tore down the 'new' mcmansion and built a bigger one at the same spot, only to find out they violated wetlands definition of building on the same footprint. Instead of fighting they left the property for the mortgage company to take care of it. Mortgage company had it off and on the market for about 1.3 mill. No takers yet. One of the mortgage executive is currently using the property. I'm surprised it wasn't torn down to satisfy wetlands.

I don't think mcmansion owners make money selling their property.

Susie Cougar · 03-12-2020, 02:42 PM

BROADHOPPER, I like your story. I am sorry though that you had to sell your camp because you couldn’t afford the taxes.

My parents owned a small camp in the1950s and sold it in 1963 when we moved into our new summer home.
My father had been looking for many years for land to build the new home on. Back then, there was so much land. For years it seemed all I did as a kid was walk through the woods looking for metal markers to find the boundaries of property that my dad was looking at. Or, I was told to go into the lake and walk out so my father could see how deep the water was.

He ended up buying a lot of land and sold many lots as well after he subdivided them. He put very strong restrictions on what you could build. Back then, he put a minimum square footage on the house size. He also made the set backs further than what the town required. He stipulated that it could only be a one story house because he did not want anyone’s view to be obstructed by anybody else’s dwelling.

In other words, he wanted to make sure that everyone was happy and everyone got their moneys worth.
Today, everyone seems to only be thinking of themselves and their own enjoyment and not how what they do affects anyone else.

tis · 03-12-2020, 05:18 PM

Quote:

Originally Posted by BroadHopper

If anyone follows the real estate of Mcmansions, those who built one ended up losing big bucks I don't feel sorry for them at all!
To me its like payback for demolition of a perfectly good 'On Golden Pond' nostalgic fishing camp and putting in an 8000 foot Adirondacks that is more suitable in the Adirondacks.

Family had an 1892 fishing camp that was once a brake man's house on the old lakeshore railroad. We sold it when we can no longer pay the outrageous taxes. The new owner teared it down and built a humongeous mcmansion only to foreclose within a few years of ownership. About that time, 2007, the property did not meet minimum bid at auction and was 'abandoned' by the bank for a few years. The bank did not drain the pipes and substantial water damage was made. Vandalism took its toll. The bank eventually sold the property for less than what we sold it for. New owners tore down the 'new' mcmansion and built a bigger one at the same spot, only to find out they violated wetlands definition of building on the same footprint. Instead of fighting they left the property for the mortgage company to take care of it. Mortgage company had it off and on the market for about 1.3 mill. No takers yet. One of the mortgage executive is currently using the property. I'm surprised it wasn't torn down to satisfy wetlands.

I don't think mcmansion owners make money selling their property.

Wow, that is quite a story. That's a lot of bad luck or s-o-m-e-t-h-i-n-g.

03-12-2020, 02:20 PM	#1
BroadHopper Senior Member Join Date: Oct 2004 Location: Laconia NH Posts: 5,572 Thanks: 3,209 Thanked 1,101 Times in 793 Posts	Mcmansion If anyone follows the real estate of Mcmansions, those who built one ended up losing big bucks I don't feel sorry for them at all! To me its like payback for demolition of a perfectly good 'On Golden Pond' nostalgic fishing camp and putting in an 8000 foot Adirondacks that is more suitable in the Adirondacks. Family had an 1892 fishing camp that was once a brake man's house on the old lakeshore railroad. We sold it when we can no longer pay the outrageous taxes. The new owner teared it down and built a humongeous mcmansion only to foreclose within a few years of ownership. About that time, 2007, the property did not meet minimum bid at auction and was 'abandoned' by the bank for a few years. The bank did not drain the pipes and substantial water damage was made. Vandalism took its toll. The bank eventually sold the property for less than what we sold it for. New owners tore down the 'new' mcmansion and built a bigger one at the same spot, only to find out they violated wetlands definition of building on the same footprint. Instead of fighting they left the property for the mortgage company to take care of it. Mortgage company had it off and on the market for about 1.3 mill. No takers yet. One of the mortgage executive is currently using the property. I'm surprised it wasn't torn down to satisfy wetlands. I don't think mcmansion owners make money selling their property. __________________ Someday may never be an actual day.

03-12-2020, 02:42 PM	#2
Susie Cougar Senior Member Join Date: Aug 2019 Location: Parrish, Florida Posts: 606 Thanks: 283 Thanked 225 Times in 160 Posts	BROADHOPPER, I like your story. I am sorry though that you had to sell your camp because you couldn’t afford the taxes. My parents owned a small camp in the1950s and sold it in 1963 when we moved into our new summer home. My father had been looking for many years for land to build the new home on. Back then, there was so much land. For years it seemed all I did as a kid was walk through the woods looking for metal markers to find the boundaries of property that my dad was looking at. Or, I was told to go into the lake and walk out so my father could see how deep the water was. He ended up buying a lot of land and sold many lots as well after he subdivided them. He put very strong restrictions on what you could build. Back then, he put a minimum square footage on the house size. He also made the set backs further than what the town required. He stipulated that it could only be a one story house because he did not want anyone’s view to be obstructed by anybody else’s dwelling. In other words, he wanted to make sure that everyone was happy and everyone got their moneys worth. Today, everyone seems to only be thinking of themselves and their own enjoyment and not how what they do affects anyone else.

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