Revised Yellow House Plan Attracts Lone Bid
A sole applicant is in the running in Edgartown’s second search for someone to lease and renovate the Yellow House.
Edgartown selectmen Monday rejected a bid to buy the Warren House, a rundown town-owned former captain’s house on North Water street.
After a discussion in executive session with town counsel Ronald H. Rappaport, the selectmen said the bid by a group including Edgartown businesswoman Maggie White was too low. The board voted to put the house advertisement back in the central registry with a minimum bid of $2.3 million.
Allen P. Spaulding Jr., 70, was the sole occupant of the 1965 fixed-wing Maule Bee Dee M-4-210 that crashed Wednesday morning on Cuttyhunk, state police said. The pilot was determined to be dead at the scene.
State police late Wednesday identified the pilot in a fatal morning plane crash on Cuttyhunk as Allen P. Spaulding Jr., 70, of Wilmington De.
The Warren House, the rundown North Water street house owned by the town of Edgartown, finally has a bidder.
A group including Maggie White, the owner of Hob Knob Inn as well as construction and realty companies, submitted a two-option bid to restore the home into a single family residence early this week.
One bid would pay the town $1 million plus 40 per cent of the profits made from selling the house. A second offer would pay the town $1.25 million in cash.
The selectmen opted to take the bid under advisement and discuss it further at their June 17 meeting.