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Adam Jones is the buyer of Cal Ripken's estate

SteveA

By SteveA
in Orioles Talk

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Going Underground Hangout Grand Counsel

Going Underground

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And now up for sale.So paid $3.465 million and asking $2.695.

Orioles outfielder Adam Jones’ house in Lutherville-Timonium is on the market for $2.695 million.

Built in 1952, the house at 11151 Falls Road includes six bedrooms, five full bathrooms, two half bathrooms, a three-car garage and a pool.

The center fielder is putting his house up for sale months after he bought Cal Ripken Jr.’s mansion in Reisterstown. Jones purchased that home at auction in May for $3.465 million and “moved up the road,” said Karen Hubble Bisbee, Jones’ real estate agent.

 

http://www.baltimoresun.com/business/real-estate/bs-md-adam-jones-house-20180814-story.html

 

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TonySoprano Hangout Grand Counsel

TonySoprano

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14 minutes ago, Frobby said:

Well, that tells you all you need to know.

Your guy, Nick Markakis, still lives in Monkton.  Does that tell anyone he'll be back in Baltimore to play for the Orioles?  Actually, it means the family likes the neighborhood which includes Peter Angelos.  A.J. Burnett still lives there as well.

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wildbillhiccup Hangout Grand Counsel

wildbillhiccup

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15 minutes ago, TonySoprano said:

Your guy, Nick Markakis, still lives in Monkton.  Does that tell anyone he'll be back in Baltimore to play for the Orioles?  Actually, it means the family likes the neighborhood which includes Peter Angelos.  A.J. Burnett still lives there as well.

I believe Jim McKay lives in Monkton as well. 

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Frobby Hangout Grand Counsel

Frobby

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3 minutes ago, Going Underground said:

His house and keeping Cal's. This is on Falls Rd and Cal's is on Dover Rd. 

 

A.J. Burnett still lives near Markakis also.

Their neighborhood softball games will be a blast.   

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sevastras All-Star

sevastras

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On 5/17/2018 at 5:49 PM, vatech1994 said:

Does anyone know Cal’s motivation for an absolute auction on this property?  And please don’t say the divorce.  He sold this thing for 1/3 of his most recent listing price.  That makes zero sense.  I buy, flip, and sell for a living and there has to be something else going on.  Is Cal in financial trouble?  Does he owe Kelly some sort of lump sum payment that is due soon?  Anyone know?

Good for Adam.  This is a helluva deal he got.  Very smart.

I’m an RE agent not in Maryland. I can tell you that the market for a $12mm house outside of CA or NYC is about as many cars as I own. When you are talking that kind of money, it very well may be I am done with this let me cut my losses. Or it could be a court ordered sale from the divorce. Really doesn’t matter that much because a house is only worth what someone is willing to pay for it, and it looks like whatever Jones paid is the current market for the house.  It isn’t like it was a deal between family or friends, it was on the open market and everyone had a fair chance. With you flipping, you are either trying to get it for under market before it hits the market or you are willing to do the work to get more for it that the average person isn’t willing to do.

I have a friend that custom built his house, everything he wanted for himself including a full size indoor hockey ring. He knows he won’t recoup his money when he is ready to sell because it is in no town USA, there are maybe a couple of people that can afford what he paid and chances of someone wanting everything he has done is slim to none. 

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Frobby Hangout Grand Counsel

Frobby

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12 hours ago, sevastras said:

I have a friend that custom built his house, everything he wanted for himself including a full size indoor hockey ring. He knows he won’t recoup his money when he is ready to sell because it is in no town USA, there are maybe a couple of people that can afford what he paid and chances of someone wanting everything he has done is slim to none.

Well, perhaps a potential buyer would like a large walk-in refrigerator/freezer.

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