ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Elderly 'Up' homeowner declines $1 million offer for home, so the mall was forced to build around it

Many have speculated that she was the inspiration for the Disney Pixar movie "Up".
PUBLISHED SEP 6, 2024
Cover image source: The Edith Macefield House | Wikimedia Commons | Photo by Ben Tesch/originally posted to Flickr
Cover image source: The Edith Macefield House | Wikimedia Commons | Photo by Ben Tesch/originally posted to Flickr

Edith Macefield became a local hero by refusing to leave her house and forcing a big corporation to back down. In 2006, Macefield was approached by high-profile developers who wanted to buy her house to clear space for their mall in Seattle. While all of her neighbors accepted the offer, Macefield stood her ground and turned down nearly $1 million.



 

According to the Seattle Times, Macefield bought the property for $3,750 back in 1952. She lived at the home with her mother Alice, while working as a store manager at Spic 'N' Span Cleaners. Macefield was approached by the developers with an offer for the home which was then 108 years old. Of her 84 years at the time, she had spent 50 in this home.

While the home itself wasn’t worth much its value kept climbing as the developers got desperate for the space. However, Macefield didn't budge even though the offer climbed to $750,000 and finally $1 million. This forced the developers to build the mall around her home with walls on three sides.  



 

Macefield had no hard feelings though. She even befriended Barry Martin, the construction manager of the project, after asking him to drive her to a beauty appointment. Over the years, their friendship grew and when Macefield died in 2008, she left the keys to her home to him. 

Her story drew massive media attention and local support, making the home a landmark called the "Edith Macefield House." While many speculated that she was the inspiration behind Disney's movie "Up", it isn't true as the movie's production began in 2004, before Macefield refused to sell her home. 



 

However, Disney used the house to promote the film at its Seattle premiere in 2009. They put up colorful balloons on the house, which fueled speculation of it being the real-life "Up" house. 



 

Speaking to Fox's Strange Inheritance, Martin shared that he sold the house to a businessman. “She told me to hold out until I got my price. I sold it for $310,000," he said in the interview. He used the money to pay for his children’s college education.

Macefield died in 2008 and the house has mostly sat vacant since. After Martin sold the home, it was reported that in 2018, developers were going to demolish the home. This triggered rallies and protests outside the property after which nothing happened. 



 

Seattle Times recently reported that the current owners of the home, Regency Centers are now looking to lease out the property in hopes of it being restored. The Daily Journal of Commerce said that the lease for the home is priced at about $60,000 per year, excluding triple net lease expenses.

While the house still looks the same from the outside, the report mentioned that it is mostly gutted from the inside. However, there is some hope that a renter or business would restore it to its former glory.

MORE ON MARKET REALIST
Since only a small amount of money was involved in each incident, they were considered "minor crimes".
11 hours ago
The dress from the 'Sultan of Sequins' had much more value than what the owner expected.
1 day ago
Grant Cerwin sent an email to Craig Jelinek asking if Costco could donate one of the famous 93-inch teddy bears for his middle school fundraiser in LA.
1 day ago
The problem occurred across the airline's app and some booking platforms including a top website.
1 day ago
While the restaurant claims it wasn't related to the tip, the waitress has a different story to tell
2 days ago
"Seriously, how desperate are they for money?" a Reddit post said sharing the listing.
2 days ago
A "gift from God," Otha Anders started collecting pennies after he found one lying on the ground.
2 days ago
The companies and the world learned a valuable lesson of vetting email IDs before handing out money
2 days ago
He got a check for $50,000 every year, for the next 20 years and pocketed $38,000 after taxes.
3 days ago
Actor Charlie Sheen is most known for his role on syndicated tv show 'Two and a Half Men.' How much are reruns paying him?
3 days ago
Jaime Siminoff, whose pitch was rejected by all but one shark, walked out without a deal. He returned to the show as a millionaire investor.
4 days ago
"You know we're getting old when Pokemon is on Antiques Roadshow."
4 days ago
The cyberattack on payment gateway provider Slim CD lasted for over a year.
4 days ago
The Digital Landscapes program of the retail giant will track and share consumer data with suppliers
5 days ago
A Canadian student found a solution to save money on rent by super commuting to university from another city.
6 days ago
She said that the payment screen must have switched while she was entering her phone number
6 days ago
He made a whopping $195,000, doubling his life savings in under a minute.
7 days ago
While no reactions were reported due to the two products, Costco is still urging people not to eat these products.
7 days ago
The creator's consipiracy theory suggests restaurants try to trick people into spending more money.
7 days ago