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Why did no one buy Duane Hagadone's almost-opulent house on the hill?

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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 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.

No doubt this fine property has other stuff, such as a tennis court, helicopter pad, pool tables and what have you. But no sauna, no trash compactor?  It's no wonder Mr. Hagadone shut the place down and built a nice, big house along the lake. 

That was a no-brainer.

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The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.




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