Albemarle House: Difference between revisions
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'''Albemarle House''' is a major estate in Albemarle County that | '''Albemarle House''' is a major estate in Albemarle County that is owned by [[Donald Trump]]. <ref name="trump-purchase">{{cite web|title=Donald Trump buys Kluge estate in Charlottesville|url=http://www.washingtonpost.com/blogs/where-we-live/post/donald-trump-buys-kluge-estate-in-charlottesville/2012/09/26/bffa99de-0822-11e2-858a-5311df86ab04_blog.html|author=Kathy Orton|work=|publisher=Washington Post|location=|publishdate=September 26, 2012|accessdate=October 9, 2012}}</ref> | ||
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Albemarle House is an approximately 24,000 square foot manor designed by architect David Easton and built in 1985. The house features eight bedrooms, 13 bathrooms, a theater, a sauna and spa, and an off-site chapel.<ref>{{cite-hook|title=Up market: Kluge lists Albemarle House for $100 mm|url=http://www.readthehook.com/69692/market-kluge-lists-albemarle-house-100-mm|author=Lisa Provence|pageno=|printno=0844|printdate=November 5, 2009|publishdate=October 31, 2009|accessdate=August 20, 2012}}</ref> | Albemarle House is an approximately 24,000 square foot manor designed by architect David Easton and built in 1985. The house features eight bedrooms, 13 bathrooms, a theater, a sauna and spa, and an off-site chapel.<ref>{{cite-hook|title=Up market: Kluge lists Albemarle House for $100 mm|url=http://www.readthehook.com/69692/market-kluge-lists-albemarle-house-100-mm|author=Lisa Provence|pageno=|printno=0844|printdate=November 5, 2009|publishdate=October 31, 2009|accessdate=August 20, 2012}}</ref> | ||
===Foreclosure=== | ===Foreclosure and Trump's acquisition=== | ||
Albemarle House was sold at a foreclosure auction to the Bank of America on February 16, 2011 for $15.26 million. Real estate mogul and television reality star Donald Trump | Albemarle House was sold at a foreclosure auction to the Bank of America on February 16, 2011 for $15.26 million shortly after former owner [[Patricia Kluge]] declared bankruptcy. Real estate mogul and television reality star Donald Trump had expressed interest in purchasing the property.<ref>{{cite-hook|title='A step': Donald Trump wants all the Kluge properties|url=http://www.readthehook.com/88878/step-donald-trump-wants-all-kluge-properties|author=Hawes Spencer|pageno=|printno=1008|printdate=|publishdate=February 16, 2011|accessdate=February 18, 2011}}</ref> On August 16, 2012, a federal judge struck down Trump Virginia Acquisition, LLC's claims to the mansion. Trump had laid claim to the house based upon a right of first refusal clause in Patricia Kluge's deed, which stated that, should the property be sold, the owner of the surrounding land had the right to match the buyer's price within 15 business days, rather than having to outbid them. Judge [[Norman K. Moon]] ruled that the clause was nullified by the property's multiple owners. Trump filed an appeal of the decision.<ref>{{cite-progress|title=Judge strikes Trump claim|url=http://www2.dailyprogress.com/news/2012/aug/17/judge-tosses-trumps-claim-right-first-refusal-albe-ar-2138923/|author=Samantha Koon|pageno=A1|printdate=August 18, 2012|publishdate=August 17, 2012|accessdate=August 20, 2012|cturl=}}</ref> Trump was able to negotiate a price of $6.5 million for the house, which is nearby [[Trump Winery]]. <ref name="trump-purchase" /> | ||
Latest revision as of 10:00, 9 October 2012
Albemarle House is a major estate in Albemarle County that is owned by Donald Trump. [1]
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About
Albemarle House is an approximately 24,000 square foot manor designed by architect David Easton and built in 1985. The house features eight bedrooms, 13 bathrooms, a theater, a sauna and spa, and an off-site chapel.[2]
Foreclosure and Trump's acquisition
Albemarle House was sold at a foreclosure auction to the Bank of America on February 16, 2011 for $15.26 million shortly after former owner Patricia Kluge declared bankruptcy. Real estate mogul and television reality star Donald Trump had expressed interest in purchasing the property.[3] On August 16, 2012, a federal judge struck down Trump Virginia Acquisition, LLC's claims to the mansion. Trump had laid claim to the house based upon a right of first refusal clause in Patricia Kluge's deed, which stated that, should the property be sold, the owner of the surrounding land had the right to match the buyer's price within 15 business days, rather than having to outbid them. Judge Norman K. Moon ruled that the clause was nullified by the property's multiple owners. Trump filed an appeal of the decision.[4] Trump was able to negotiate a price of $6.5 million for the house, which is nearby Trump Winery. [1]
References
- ↑ 1.0 1.1 Web. Donald Trump buys Kluge estate in Charlottesville, Kathy Orton, Washington Post, September 26, 2012, retrieved October 9, 2012.
- ↑ Web. Up market: Kluge lists Albemarle House for $100 mm, Lisa Provence, The Hook, Better Publications LLC, October 31, 2009, retrieved August 20, 2012. Print. November 5, 2009 , 0844, .
- ↑ Web. 'A step': Donald Trump wants all the Kluge properties, Hawes Spencer, The Hook, Better Publications LLC, February 16, 2011, retrieved February 18, 2011.
- ↑ Web. Judge strikes Trump claim, Samantha Koon, Daily Progress, Lee Enterprises, August 17, 2012, retrieved August 20, 2012. Print. August 18, 2012 page A1.