[Calclg-l] FW: Question: Sale/Lease of City-owned Historic Home

[Craigo, Steade]

The State of Maryland has a program for historic properties which are
made available to people for life-estates with the agreement that they
will restore and or maintain the historic property.  This seems to be a
good deal for all involved, including the historic house.

-----Original Message-----
From: calclg-l-bounces at ohp.parks.ca.gov
[mailto:calclg-l-bounces at ohp.parks.ca.gov] On Behalf Of Woodward,
Lucinda
Sent: Monday, August 25, 2008 2:23 PM
To: calclg-l at ohp.parks.ca.gov
Cc: Grace.Kim at cbre.com
Subject: [Calclg-l] FW: Question: Sale/Lease of City-owned Historic Home

Good afternoon,

 

I received the following inquiry from a California consulting firm and I
am forwarding it on to you for your ideas and input.  

We are assisting a City in analyzing sale/lease options for a historic
5,500 square-foot single family home in a residential, affluent
community in Northern California.  The home is located in an upscale
suburban neighborhood, surrounded by a local park and nature preserve.
The City wishes to divest itself of the property to raise capital, avoid
the time and expense of ongoing property maintenance, minimize potential
liabilities, and prevent further deterioration of the building.  The
property, which is listed on the National Register of Historic Places,
is outdated and needs rehabilitation.  The City would like to sell or
lease the house to a public entity or non-profit organization (with
limited events permitted), OR, sell or lease the property for use as a
single family residence. Nearby residents are concerned about increased
traffic and most prefer that the home be sold or leased as a single
family residence.

I am in the process of developing case studies that may be helpful in
our research for the above assignment. 

Are there any comparable examples of historic homes in other California
communities?  Preferably they would be city-owned, single family
residential properties located in suburban residential or a park-like
setting.   We are particularly interested in properties that have
converted from public to private ownership.

I would very much appreciate any knowledge or information you can share
on this topic

 

Please post your responses to the listserv and to Ms. Kim at
Grace.Kim at cbre.com. 

 

 

Lucinda M. Woodward 

Supervisor, Local Government Unit

California Office of Historic Preservation

(916) 653-9116 voice

(916) 653-9824 fax

lwoodward at parks.ca.gov

 

________________________________

 

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