28 Million Dollar Castle Crantzdorf Estate in Johnson City, TN Burns Overnight
Crantzdorf Estate, the Johnson City, Tennessee landmark castle, caught fire last night. The 9 bedroom, 20,000 square foot home, had significant fire damage to the upper floors while the lower 2 floors had water damage.
According to the listing at Luxury Real Estate the home took 10 years to complete and was filled with castle furniture. Much of the construction was completed by European craftsmen to exquisite detail.
So what do you do when you have a home that is for sale for 28 million dollars and is badly burned. To rebuild it seems like it would take years. To take the insurance money would leave a hulking ruin where obviously the homeowner has a great investment of passion. And in this economic time, having cash is king, so reinvesting it into a specialty real estate piece is going to be very tough to do for anyone.
Assistant Fire Chief Mark Finucane said the roof and top floor of Crantzdorf Estate’s main three-story complex were badly burned Saturday night. The lower two floors suffered water damage as about 25 firefighters took hours to extinguish the blaze.
Finucane said no one was home at the time and no serious injuries were reported. Fire marshals were investigating the cause of the fire, which began in a thunderstorm. via FOXNews.com
More from the Kingsport Times
My mom told me to put the statue in the ground, just seems wrong to me but I did it. ...
What about RE/MAX Commercial? Where this classification came from?
I am pretty sure RE/MAX Commercial in volume sales must be above ...
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
Comment by News Review on 11 January 2009:
Too bad that a very beautiful house be caught up by fire. But still, the good thing is that no person was hurt. Those living in the said house are more important than the building where they reside.
Comment by Atlanta Roof Company on 14 October 2009:
As an architecture buff, this really saddens me.