From: "PJ DiSanti"
Newsgroups: alt.invest.real-estate
Subject: Re: Hepburn CT Estate
Date: Thu, 04 Sep 2003 08:53:44 GMT
Does anyone know Hepburn's connection to Cynthia McFadden, the ABC
newswoman, she's named in the will but I don't know how or why they are
close.
If they were related I would think the news stories would mention.
Anyone have a clue?
PJ
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"Shorty Blackwell" wrote in message
news:694382bf.0309031205.257a2208@posting.google.com...
> HARTFORD, Conn. (AP) - The Old Saybrook waterfront estate of the late
> Katharine Hepburn is going on sale with an initial asking price of $12
> million.
>
> Hepburn's executors wrote a letter two weeks ago to neighbors of the
> four-time Academy Award-winning actress, informing them that the
> property would be on the market soon. As part of a long-held custom in
> the town's Fenwick section, where Hepburn's home is, neighbors are
> told first when a property will be sold and asked to submit offers if
> they are interested.
>
> ``That would be the highest property sold in that area,'' Old Saybrook
> First Selectman Michael Pace said Tuesday. ``I think it probably has a
> premium attached to it because it was Miss Hepburn's.''
>
> Hepburn, who'd been in failing health the past few years, died June 29
> at the Fenwick home. She was 96.
>
> The property includes 13 acres and a pond. Four years ago, the house's
> value was set at $2 million. In the Aug. 19 letter obtained by The
> Associated Press, Hepburn's executors told neighbors they arrived at
> the $12 million price ``after preliminary consultations with several
> local and national Realtors.''
>
> The sale would not include 4 1/2 acres of wetlands that the actress
> bequeathed to a conservation group. The Lynde Point Land Trust, an Old
> Saybrook-based group, is being considered as the recipient for the
> land, land trust President Ethel Davis said Tuesday.
>
>
http://my.aol.com/news/news_story.psp?type=4&cat=0805&id=200309031327000171149
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