Headline Homes is always about the dollar signs, but this time it features one sawbuck symbol in particular. We think, though we’re not certain, that bad-girl pop idol Ke$ha is one of the purchasers on October’s list of the 10 priciest home transactions in the Nashville area.
Dan Uggla, hard-hitting second baseman for the Florida Marlins, is also on the list of buyers, in a month that saw four properties change hands at $2 million or more apiece.
Ever since the Hard Times hit, this column has chronicled distress-sales almost every month, often involving clearly painful price cuts. The pattern continued in October, sad to say. Some of the details you are about to read will make you wince. Here’s hoping such tales disappear from the news in coming months.
Highest-priced single-family home transactions recorded in Davidson and neighboring counties in October 2010, ranked by dollar value:
1. 5508 Stanford Drive, Nashville 37215
Buyer: Robert L. Scruggs, trustee for Jim and
Sale price: $3.035 million
Seller: Show House LLC
Agents: None of record
This 12,000-square-foot Forest Hills palace first went on the market in November 2007, priced at $4.45 million — with a listing that noted: “cost in excess of $4.7 million.” When it didn’t sell, the builder rented it out for a while. Nearly three years after its initial listing, the home has sold at 35 percent less than its stated cost.
Brad Bolton of Nashville is manager of Show House LLC. Realty listings described the six-bedroom, six-bath house as having a surprise in every room, with “detailing over the top, comfortable with a fit and finish that will blow you away.” The structure includes six fireplaces, an elevator, a wine cellar, a 2,000-square-foot terrace and a saltwater pool.
2. 17 Oxmoor Court, Brentwood 37027
Buyers: Tom and Denise Vogel
Sale price: $2.725 million
Sellers: Jim and Jennifer Morrison
Sellers’ agent: Laura Baugh (Worth Properties)
Buyers’ agent: Betsy Peebles (Pilkerton Realtors)
The Morrisons, buyers of 5508 Stanford, had their Governors Club home on the market for 207 days after listing it in March at $3.1 million. Tom Vogel is CEO of restaurant chain Logan’s Roadhouse .
3. 204 Thornhill Crescent, Brentwood 37027
Buyer: Manford E. Rydholm, trustee for Todd R.
and Kristi L. Wurth
Sale price: $2.2 million
Sellers: Lane and Amy Wallace
Sellers’ agents: Yvonne Kelly and Donnie Creighton
(Zeitlin & Co.)
Buyers’ agent: Andy Beasley (Brentview Realty Co.)
The new home of Vanderbilt orthopedic surgeon Todd Wurth and family, in the Annandale development, is an English-style manor house with just under 8,100 square feet of living area.
Sellers Lane and Amy Wallace appeared in the August edition of Headline Homes, purchasing another Brentwood home for $1.05 million.
4. 1044 Vaughn Crest Drive, Franklin 37069
Buyers: Emily T. and Wake L. Warthen
Sale price: $2 million
Sellers: Wesley E. and Sharon Campbell
Sellers’ agents: Laura Baugh and Ryan Miller (Worth
Buyers’ agent: Tom Andrews (Weichert Realtors)
Designed as a replica of a 17th-century French chateau, this 10,000-square-foot Laurelbrooke home was the Symphony Show House in 2003, according to its listing.
5. 21 Lynwood Lane, Nashville 37205
Buyers: Jonathan C. Nesbitt and Sally B. Shepherd
Sale price: $1.75 million
Sellers: Albert J. and Sara P. Del Favero
Sellers’ agent: Richard B. French (French Christianson
Buyer’s agent: Steve G. Fridrich (Fridrich & Clark)
Dr. Jonathan Nesbitt, a thoracic surgical oncologist with Vanderbilt Ingram Cancer Center, and wife Sally Shepherd have purchased the stately, century-old home of the Del Faveros.
Albie Del Favero, who co-founded the Nashville Scene and formerly served as publisher of The City Paper, is now CEO of online broadcaster MyOutdoorTV.com.
6. 4411 Chickering Lane, Nashville 37215
Buyer: Pinnacle National Bank
Sale price: $1.6 million
Seller: A. Scott Hubbard, trustee in foreclosure against James R. and Billie Jean Gordon
Agents: None of record
Pinnacle takes title to the Gordons’ home, which had previously been on the market for $2.7 million, as the family goes through other legal travails.
Entrepreneur Jim Gordon helped build local software maker TCS Management Group into a major success, selling his stake in it for $6 million in 1990, according to one of his filings in the couple’s pending divorce case. Billie Jean Gordon says in another filing that her husband “often earned income in excess of $500,000 per year” while continuing to work for TCS until 1999.
Court papers from both sides make clear that a single investment, Jim Gordon’s participation in the Stockett Creek residential development off Vaughn Road near the Davidson-Williamson county line, has caused much of the Gordons’ financial difficulty. A $3.2 million Pinnacle loan to that venture was secured by the couple’s homes in Nashville and in Naples, Fla. Pinnacle has recently taken possession of the Naples property as well.
Shortly after Pinnacle concluded the foreclosure on the Chickering home, an “estate sale” was held at the property. A Web page promoting the sale included more than 170 photographs of household goods, furnishings, artworks, an automobile and even children’s toys.
7. 203 Leonard Ave., Nashville 37205
Buyers: Bruce A. and Kelly A. Brandes
Sale price: $1.54 million
Sellers: Susan & Stephen Shearer Ingham Jr.
Sellers’ agent: Richard G. Courtney (Fridrich & Clark)
Buyer’s agent: Amanda Wachtler (Pilkerton Realtors)
8. 933 Forest Acres Court, Nashville 37220
Buyer: KRS Revocable Trust
Sale price: $1.4 million
Sellers: Darrell Brown and Roger Canevari
Sellers’ agent: Laura Stroud (Fridrich & Clark)
Buyer’s agent: Katerina Tate (Lipman Group Sotheby’s)
Has the KRS Trust bought this Oak Hill chalet on behalf of one Kesha Rose Sebert, known to the pop-music world as Ke$ha? We’re not certain, but well-placed sources in the real estate community say that’s the case.
The 23-year-old phenom, known for provocative lyrics and sassy style, has a Nashville background — though maybe not just the one you have heard about. (Her publicity dwells on an impoverished upbringing with her single mother, but property records show that by the time she was 11, her mother owned a $315,000 home on Cloverhill Drive in Brentwood.)
The purchasing trust has an address in Marina Del Rey, Calif., but our research has not found any connection between that address and the songstress. It’s certainly possible that someone else with the initials KRS is the trust’s beneficiary.
Regardless, Nashville, you know the rules by now: We give our celebs their space. Oh, and hey, Gray Line? We’re pretty sure there’s no place to turn around your short-bus full of gawkers on that dead-end street.
Seller Darrell Brown is in The Industry as well. He’s a Grammy-winning songwriter who has churned out hits for Keith Urban, Josh Turner and many other performers. He also has produced records for LeAnn Rimes and Radney Foster, among others.
9. 31 Annandale, Nashville 37215
Buyer: Stephen W. Fesik
Sale price: $1.16 million
Seller: Shirley P. Jones
Seller’s agent: Yvonne Kelly (Zeitlin & Co.)
Buyer’s agent: Melissa Frederiksen (Hodges and Fooshee)
10. 303 Haddon Court, Franklin 37067
Buyer: Daniel C. Uggla
Sale price: $1.05 million
Sellers: William E. and Robin R. Siren
Sellers’ agent: Andy Beasley (Brentview Realty Co.)
Buyer’s agent: Belinda Bell (White/Woodard)
The Marlins’ Uggla, who has Middle Tennessee roots, is the only second baseman in the history of Major League Baseball to hit 30 or more home runs in four straight seasons.