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Article: Watch Hill mansion fetches $4.5 million at auction.
- Article from:
- Providence Journal (Providence, RI)
- Article date:
- June 26, 2007
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Copyright informationCOPYRIGHT 2007 Providence Journal. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...
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