Lots of sellers think so, but it never works

Would-be seller of burned down home expects to receive a premium because Johnny Cash slept there

There is no longer a house on the roughly 4½-acre Hendersonville property; just a one-bedroom apartment. There is also no asking price. And not just any buyer will be suitable. “In my mind it would be some person [who] is a huge Johnny Cash fan,” said the seller, James Gresham. A self-described “huge fan,” Mr. Gresham said he won’t sell the property unless he feels comfortable with the new owner’s plans for it.

Mr. Gresham declined to specify an asking price. “There is nothing you can use as a comp,” he said. “We’re going to see what the market is and go from there.” Mr. Peacock said he expects the property to sell for “multimillions,” especially given its pedigree.

According to public records, Mr. Gresham bought the estate for $2 million in 2014 from Barry Gibb, of the pop group the Bee Gees, and his wife, Linda. The Gibbs were in the process of restoring it when the fire broke out, according to John Carter Cash. The Gibbs, who couldn’t be reached for comment, announced plans to rebuild but never did.

Perhaps if George Washington did the snoozing someone would pay more, but I've never heard of a dead celebrity's - heck, a living celebrity's - house selling for above market value. Certainly not here in Greenwich, and we've seen lots of big names come and go.

Sentiment doesn't translate into cash