Auction company J.P. King opened the auction of Duane Hagadone's old residence on Thursday afternoon, and 20 minutes after 2 p.m., the auction ended. Two registered bidders were interested in the property, at 3155 E. Harrison, on 15 acres of Stanley Hill. Neither bidder came up to the reserve price of $7.5 million. Look for a story later this evening on Spokesman.com that fills in some of the blanks. Perhaps the bidders were turned off by some of the glaring inadequacies of Mr. Hagadone's home on the hill. Such as: No built-in vacuum system; no trash compactor (the shame); no air purifier (admittedly not needed in these parts); and no sauna/SR Office Hours. More here.
Question: Why didn't anyone make an acceptable offer for Duane Hagadone's discounted Cherry Hill property?