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What inspired you to build a castle?
Sitting in my high school English class in 1969, I saw a picture of a castle and decided I wanted to build one. In 1976 I bought three and a half acres of land for about $25,000 and started drawing floor plans.
Castles are usually big and drafty.
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It's big -- it has 13 bedrooms and 11 bathrooms. Some accessories -- doorknobs, gargoyles, and bits and pieces of hardware -- are from England, and I put a 100-foot moat in front with a bridge. But the floors are equipped with radiant heating, and there is a water-based cooling system under the castle's foundation. The bell tower has closed-circuit video surveillance.
How long did it take to build?
I started in November 1986. It's about 80% finished -- there's some flooring, drywall and painting to be done.
Did you ever live there?
In the beginning, I lived in another house I'd built on the property. I worked on the castle during the day, and I ran my business recording videos and sound for TV commercials in the afternoon and evening. My wife and I lived in the castle from 1997 to 2000.
Why are you selling?
I bought a weekend place on the Chesapeake Bay in 1997, and my family and I started spending more and more time there. When you are as busy as I am, it's hard to take the time to travel back and forth.
Have you had any offers?
Last April I listed it with a real estate broker, who didn't bring any serious buyers. Then I listed it on eBay and had nearly 40 inquiries. But it was word of mouth that brought two contracts, one for $3.4 million if I finish the building and one for $3 million as is.
What are the property taxes on a $3-million castle?
The property-tax bill is $9,500, based on an assessment of $838,000. Until the house is finished, it can't be assessed for its full value.
-- Interview by Joan Goldwasser
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
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