Buyers Spurn $12 Million Glass House

Date: 2 July 2003
Source: Yahoo

Date: 2 July 2003

People who live in glass houses might not get the asking price. That's the reality facing the owners of Chalan Farm, a 34,000-square-foot glass mansion hidden on 48 wooded acres near Princeton.

Made of commercial-grade tinted glass, the house has been on the market since last July. List price: $12 million.

Owners John and Prudence Boulton "were disappointed, not depressed" when their dream house failed to sell at auction in May, said Thomas E. Hora of Prudential Fox & Roach in New Hope, Pa., who is assisting in the sale. It failed to attract even the minimum bid of $3 million.

John Boulton, a retired Columbia Electronics CEO, indulged his whims when he built the 420-foot-long ranch, patterned after designs by architect Ludwig Mies Van der Rohe. With building costs at nearly $10 million, the house isn't done yet, Hora said. Only three of nine bathrooms are finished, he said, and the temporary kitchen, while it works, isn't the $150,000 kitchen the owners planned.

The Boultons had barely obtained a Certificate of Occupancy in 2000 when they began rethinking their location. Prudence Boulton's bad back, sustained during a career as a horsewoman, persuaded the couple to live closer to her Manhattan doctors.

The house is not made entirely of glass. The eight-car heated underground garage is constructed of conventional materials. The 17,000-square-foot first floor, however, — including bedrooms and baths — is enclosed by floor-to-ceiling panels of green-hued glass, separated by metal supports.

"It really is glass from one end to the other, said Carl Carter, a spokesman for J.P. King Auction Co., which handled the auction. "You can stand in the front and watch a squirrel in the back."




600450 Buyers Spurn $12 Million Glass House glassonweb.com

See more news about:

Others also read

Local quality glass producer Emirates Glass Limited has won contracts to supply 68,000 square metres of its high quality EmiCool glass to five major projects in Dubai.
Southwall Technologies Inc. (Nasdaq:SWTX), a global developer, manufacturer and marketer of thin-film coatings for the electronic display, automotive glass and architectural markets, today announced that on Dec. 18, 2003, it secured an agreement for a new bank loan guarantee and equity financing package of up to $7.5 million from Needham & Company, Inc., its affiliates and Dolphin Asset Management.
When did the wine industry start using glass bottles, and how did they settle on their current size of 750ml? For the answer to these questions, you have to go back in time - back thousands of years to when wine was first cultivated and enjoyed.
Praxair, Inc. (NYSE: PX) today announced that its subsidiary Praxair Canada Inc.'s specialty gases plant in Paris, Ontario, Canada, is one of Praxair's first specialty gases plants in North America to complete the upgrade to ISO 9001:2000, the latest ISO 9000 standard for quality.
KUB Malaysia Bhd has accepted an offer from Nippon Sheet Glass Co Ltd (NSG) to acquire its 15% stake in Malaysian Sheet Glass Bhd (MSG) for RM32.6 million in cash, or RM2.68 per share.
Co-Ventures in Glass Containers (CVIGC, Ltd.) of Tampa, Florida, USA and Micro-Tek Canada, Inc. Of Toronto, Canada are excited to announce the beginning of a long term joint venture to combine their extensive experiences and resources to offer the Glass Container Industry globally a best value alternative for all their outsourcing needs in manufacturing, operations and technical assistance agreements, specifically targeted to the smaller manufacturers who have found the larger service companies to be cost and profit prohibitive.The principals of the two companies have found a global need for smaller glass companies who require excellent technical resources to properly compete within the industry without the high costs of employing their own staffs or outsourcing their requirements to the larger service companies whose own operating costs and overhead are substantial.

Add new comment