OLD SAYBROOK, Conn. (AP) — Katharine Hepburn's estate, including her 7-acre home on Long Island Sound, is worth $17.4 million, probate court documents show.
An inventory filed by the executor of the actress' estate lists her home and real estate at $10 million, The Hartford Courant reported Tuesday. It also said she left behind $4.1 million in securities and cash, a $2.6 million trust fund and $700,000 worth of furniture, art, silver and other possessions. She also owned a 1995 Ford Crown Victoria worth $4,425.
Hepburn, who died in June at 96, left 4 acres of her property to an environmental group of her executor's choosing. The remaining 3 acres are for sale for $12 million.
The house needs renovations and has a flooding problem, which has prompted real estate agents and neighbors in the Fenwich section of town to say the home is overvalued.
Town Assessor Norm Wood agrees. He put the assessment of the property at $5.5 million, which is equal to 70 percent of what he believes the market value should be — $7.9 million.
The assessment takes into account the condition of the house and its location, but not the fame of its late owner, as the current sales price does, Wood said.
The inventory makes only a passing reference to Oscar statues.
During her 60-year career, she won a record four Academy Awards and was nominated 12 times, which stood as a record in the acting categories until Meryl Streep surpassed her nomination total in 2003. Her Oscars were for "Morning Glory" (1933), "Guess Who's Coming to Dinner" (1967), "The Lion in Winter" (1968) and "On Golden Pond" (1981).