{"id":43611,"date":"2023-07-17T08:51:32","date_gmt":"2023-07-16T20:51:32","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=43611"},"modified":"2023-07-17T08:51:32","modified_gmt":"2023-07-16T20:51:32","slug":"million-dollar-sale-of-clutter-filled-residence","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/million-dollar-sale-of-clutter-filled-residence\/","title":{"rendered":"Million-dollar sale of clutter-filled residence"},"content":{"rendered":"<p><strong>PHOTO: The home in Paddinton.<\/strong><\/p>\n<h2>An Uninhabitable Hoarder&#8217;s House in Paddington Sells for $3.85 Million<\/h2>\n<p>An auction for a dilapidated hoarder&#8217;s house in <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=Paddington&amp;submit=Search\">Paddington<\/a>, filled with junk and requiring millions in repairs, concluded with a staggering sale price of $3.85 million. The amount surpassed the recent sale of a fully intact terrace of similar size, just a few houses down, which sold for approximately $3.5 million, according to records.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"VWfjXYQtik\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/radio-host-jackie-o-buys-incredible-11m-woollahra-home\/\">Radio host Jackie O buys incredible $11m Woollahra home<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cRadio host Jackie O buys incredible $11m Woollahra home\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/radio-host-jackie-o-buys-incredible-11m-woollahra-home\/embed\/#?secret=iaLQsvFdya#?secret=VWfjXYQtik\" data-secret=\"VWfjXYQtik\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n<h3>The Former Hoarder Home<\/h3>\n<p>The residence, located on Windsor St, was notorious for its floor-to-ceiling furniture and stored items, accumulated over the years by the original hoarder owner. Despite nearly four years of cleaning efforts by the owner&#8217;s family to make it more presentable, the listing images revealed that much of the interior was still crammed with items.<\/p>\n<p>During the auction, seven bidders competed for the property, driving the final price $400,000 over the reserve price.<\/p>\n<h3>A Family&#8217;s Connection<\/h3>\n<p>Tracey Butcher, daughter of the hoarder owner named Donald, explained that her father had a tendency to &#8220;hold onto everything.&#8221; She mentioned that his behavior stemmed from growing up during the Great Depression, a time of scarcity and frugality.<\/p>\n<p>John Cannizzaro of Montano Group, the selling agent, shared that builders were the primary individuals inspecting the property before the auction. Their consensus was that repairs would cost between $1 million and $2 million.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"1ErNJyRu0Y\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/culture-kings-ceo-simon-beards-encounter-with-drake-involving-160k-stashed-in-a-duffel-bag-watch\/\">Culture Kings CEO Simon Beard&#8217;s Encounter with Drake, Involving $160k Stashed in a Duffel Bag | WATCH<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cCulture Kings CEO Simon Beard\u2019s Encounter with Drake, Involving $160k Stashed in a Duffel Bag | WATCH\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/culture-kings-ceo-simon-beards-encounter-with-drake-involving-160k-stashed-in-a-duffel-bag-watch\/embed\/#?secret=OO4hnHYKF5#?secret=1ErNJyRu0Y\" data-secret=\"1ErNJyRu0Y\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n<h3>An Unexpected Result<\/h3>\n<p>Although most of the registered bidders were professional builders, a family outbid them all, securing the property with a final bid $25,000 higher than the next-best offer. The sought-after location on Windsor St in Paddington likely contributed to the family&#8217;s decision to invest in the home.<\/p>\n<p>The family intends to renovate the property, possibly with plans to pass it on to their teenage children when they reach adulthood. The final sale price of $3.85 million was $400,000 over the reserve, surprising auctioneer Clarence White, who described the outcome as &#8220;fascinating.&#8221;<\/p>\n<p>&#8220;I honestly never thought it would go that high,&#8221; White remarked. &#8220;It&#8217;s completely dilapidated, full of junk. It needed a renovation from front to back.&#8221;<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"j4f0yOAxo3\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/rugby-legend-sells-paddington-pad\/\">Rugby legend sells Paddington pad<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cRugby legend sells Paddington pad\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/rugby-legend-sells-paddington-pad\/embed\/#?secret=7eLMuTIuTB#?secret=j4f0yOAxo3\" data-secret=\"j4f0yOAxo3\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n<p>SOURCE: <a href=\"https:\/\/www.realestate.com.au\/news\/sydney-auctions-hoarder-home-full-of-junk-sells-for-millions\/\">REALESTATE.COM.AU<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: The home in Paddinton. An Uninhabitable Hoarder&#8217;s House in<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/million-dollar-sale-of-clutter-filled-residence\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":43612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478125927,478098668,478103581,478125928,478125924,478125930,478125925,478125931,478099220,478125932,478120947,478120946,478102001,478125926,478101376,478098536,478110635,478098618,478125929],"class_list":["entry","author-data123nz","post-43611","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-3-85-million","tag-auction","tag-bidders","tag-dilapidated","tag-hoarder-home","tag-john-cannizzaro","tag-junk-filled","tag-montano-group","tag-paddington","tag-paddington-auction","tag-paddington-property","tag-paddington-real-estate","tag-renovation","tag-repairs","tag-reserve-price","tag-sydney","tag-sydney-auction","tag-sydney-property","tag-windsor-st"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Million-dollar sale of clutter-filled residence - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/million-dollar-sale-of-clutter-filled-residence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Million-dollar sale of clutter-filled residence - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: The home in Paddinton. 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