by Lisa Parriott
It all started with us trying to save our magnificent Silent Giant, a vibrant 100 foot ponderosa pine that reaches straight up to the sky…
George, our elderly neighbor, had told us for years that he would never sell his property to a developer; he loved his big beautiful pine tree and he never wanted it cut down. But in the end, he did sell his home to a developer. The day after his property hit the market last winter, he was offered $30,000 over the asking price; all he had to do was agree to the terms before the offer expired on Saturday – the day before Sunday’s open house. Acceptance meant he would receive a lump sum of $505,000, cash, a month before Christmas.
We do not believe George knew that the purchaser was a developer. Nor do we believe George knew that he had side yard that could be potentially split into a second lot (~3,100sf ) and developed. The price he was paid certainly did not reflect that.