It was the scene of lovely parties, hundreds of bottles of expensive wine, and presumably millions of dollars worth of jewelry, but the home of Kay and Sandy Jenkins went on the market Friday.
In late January, the Jenkinses went to the federal court and asked permission to sell the house at 1235 W. Third Ave. in Corsicana. Denise Harper, with Keller Williams, will be the agent in charge of selling it.
“This is such a touchy situation,” Harper said.
This isn’t a typical home listing. Yes, the Jenkinses own the house on paper, but the U.S. Attorney General is setting out the terms of the sale, the Collin Street Bakery will receive the proceeds, and everyone in town is curious about the house because of the infamous nature of its owners at this point in time.
“It has been one of the strangest, most unique listings I’ve ever had,” Harper admitted.
The sale price for the house is $199,500, or about $30,000 less than the appraised value.
“It’s a fabulous price for the house,” Harper said. “The appraised value and the market value are two different things. When doing a market analysis, this was the price that was determined it could sell for.”
Photos of the house will be available on various real estate sites, and Harper will be opening the house up for serious buyers.
Judith Steely of Glenwood Consultants staged the house to show it off in its best light for potential buyers. Some of the furniture belongs to the Jenkinses, some was brought in by Steely and her crew.
“It’s just a combination of things,” Harper said. “A lot of things have been boxed up and put in storage.”
Steely, who runs Glenwood Consultants, was chosen at least partly because her staging services include a digital inventory and packing process, Steely explained.
“A big part of my business is packing up the house,” she said.
In a typical house sale that needs Glenwood’s services, the house is older, the furniture and decor is faded and worn and much of it has to be thrown away, Steely said. That wasn’t the case in this situation, she said.
“It was a big job for me because there was such a lot of stuff and a lot of good stuff,” she said. “We packed almost 200 boxes.”
Although the FBI had done a thorough job searching the place for very valuable items and hauled away things like the luxury cars and Steinway piano, they didn’t do any damage, Steely said.
“No holes were banged in the walls,” she said. “Nothing was really unusual.”
The courts released some of the Jenkins’ money to prepare the house and to turn on the electricity, gas and water, and to pay off past bills on the water and gas that Kay Jenkins couldn’t pay. Since Sandy went to jail, Kay hasn’t had access to their shared bank accounts or credit cards.
Sandy’s trial in federal court on 10 counts of mail fraud is scheduled to begin April 7, 2014 in Dallas.