Article: Watch Hill mansion fetches $4.5 million at auction.

Byline: Paul Grimaldi

Jun. 26--GROTON, Conn. -- A Connecticut couple has offered $4.5 million at auction for the Watch Hill mansion belonging to the owner of the defunct Bess Eaton coffee-shop chain.

The couple's winning bid at the auction on Sunday is short of the mansion's assessed value and could be rejected by Louis A. Gencarelli Sr. and his wife, Karen E. Gencarelli, who have been trying to sell the property -- known as Treasure Hill -- for more than three years.

The 17-room, 10,500-square-foot house at 2 Kidds Way on Watch Hill has an assessed value of close to $7 million, according to records from the Westerly tax office.

The Westerly-based Bess Eaton ...

Related newspaper, magazine, and journal articles:

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!