You’d probably heard that the whole Tuscan thing was big up in the northern burbs, but did you imagine it this big? This “Outstanding 15 Century Tuscan Custom Home” in the gated Legends of Augusta Pines development — with garage space for 5 cars — was listed last week for $1,499,000. It’s hard to imagine any size person that wouldn’t fit in this home — though actual Tuscan giants might want to upsize the furniture and bathroom fixtures:
MORE SHOPPING CENTERS LIE IN WAIT FOR THE GRAND PARKWAY Under previous owners it was going to go residential, but now all the site at the southeast corner of Kuykendahl and Spring Stuebner in Spring needs is an offramp: “Steve Gregory, president of Hopkins Commercial, said the site is a long-term investment for a retail center that will be built, possibly in one to three years. The site is attractive to the company because a leg of the Grand Parkway that will start construction in late 2010 will go by the 56 acres. The site is just north of a big collection of retailers at FM 2920 and Kuykendahl, including Wal-Mart SuperCenter, Lowe’s Home Improvement, Kroger, Palais Royal and 24 Hour Fitness.” [Houston Business Journal]
For months, the giant, burned-out shell of a home has been sitting on an acre lot at the corner of Links Crossing Lane and Augusta Pines Parkway in Spring, less than half a mile from the baby Bermuda grass fairways of the Augusta Pines Golf Course and its 100,000-sf “southern style” clubhouse. But now Harris County Fire Marshal investigators are reporting that the fire that destroyed the 7000-sf McMansion in February was a poorly concealed arson. While owner Michael Macomber was vacationing in the Bahamas, a man named Adnan Aquil filled the home with 25 five-gallon cans of gasoline he had purchased over several days from Wal-Mart and arranged them so they would ignite spectacularly.
According to investigators, Macomber has now confessed that he paid Aquil $10,000 for his handiwork, before filing a $1.2 million insurance claim.
What made Macomber do it? Was he tired of being overextended on an overmortgaged, overpriced, and oversized home in an overmarketed subdivision in Northwest Houston?
“He was holding on to everything,” [Harris County Senior Arson Investigator Dustin] Deutsch said. “His credit score was getting impacted, payments were getting impacted. The county probably didn’t appreciate him bouncing his tax check. . . .”
Of course there’s more to the story:
“After further scrutiny of the closing paperwork, investigators determined that the residence’s value was grossly overvalued by a local real estate appraiser,” Harris County Arson Investigations officials stated in a media address. “It was also learned that Macomber grossly inflated his stated income to the mortgage company. This embellishment included forged financial documents and other misleading credentials.”
In return for paying an inflated price for the Augusta Pines McMansion in March 2006, Macomber allegedly received a $171,000 kickback from the seller. In all, seven people, including a neighbor couple, have been charged in fraud related to this home. According to KHOU, every house on the street has been foreclosed on.
Yes, it’s a short street.
Photo of 7802 Links Crossing Ln.: KHOU
