Wayland Patch 8/16/13: Colossal North Wayland Mansion Goes to Auction Friday. The 28-room colonial at 45 Waltham Road will head to auction Friday, more than two years since owner Roy McDowell Jr. initially listed it in April 2011. According to the listing posted by Benoit Mizner Simon and Co., the home is currently priced at $11.8 million, down from the $25 million the Boston Globe lists as the original asking price in 2011.
Boston Globe 8/16/13: AN EPIC AUCTION. Roy MacDowell Jr. rose from landscaper to one of the region’s most sought-after developers, and as he prospered, he renovated and rebuilt the home on the Wayland property he’s owned for nearly 40 years, culminating in 2001 with the construction of a 28-room mansion. Developer Roy MacDowell’s 28-room mansion inWayland is scheduled to be auctioned on Friday. But like many people, MacDowell was hard hit in the recent real estate bust, left with debt he couldn’t pay, a house he couldn’t sell, and a lender poised to foreclose. But unlike most homeowners, MacDowell’s foreclosure was initiated by a friend.
Auction website: click here
Home listing: click here
Boston Globe 8/16/13: Wayland mansion sold at auction This 28-room estate located at 45 Waltham Road in Wayland was auctioned off on Aug. 16 by Paul E. Saperstein Co. The auctioneer said it was sold back to the lender.
Wayland Town Crier 8/16/13: Developer loses Wayland mansion at foreclosure auction. Developer Roy MacDowell Jr., the man behind two major housing projects in the works in MetroWest, lost his grand mansion to foreclosure Friday.
At public auction, bids on MacDowell’s Stonehedge Farm rose to $5.6 million. Mortgage lender John F. Fish, in the end, came out on top by exercising his right to hold onto the sprawling 45 Waltham Road property, which the town values at just under $8 million.
