Oklahoma City News, Entertainment & Occasional Humor • Established 2007

Amy McRee got a nice little bonus when she left Channel 9

I know it’s been over a year since Amy McRee left News 9 for the seashells and sunshine of California, but we were recently emailed some information about her departure that’s too good not to share. It involves things like the county assessor website, $45,000 and even Wes Welker’s parents.

Here are the details:

• In September of 2003, Amy McRee bought a modest “starter home” (picture above) in Nichols Hills for $199,000. Oddly enough, she purchased the home from Wes Welker’s parents. That’s probably just a coincidence.

• In October of 2010, which was around the same time it was announced Amy was leaving, the holding company of News 9 and News 6 — Griffin Communications —purchased Amy’s house for $320,000! Yes, $320,000. If you do the simple math, that is a 60% increase in value in just 7 years. It also means Amy made at least a $120,000 profit in the sale.

• In March of 2011, just six months after Griffin Communications purchased the home, they sold it for $275,000. If you include a 6% realty fee and six-months worth of maintenance costs, they took a loss of around $60,000 on the deal.

*all of the $$$$ info came from the Oklahoma County Assessor’s page.

Yeah, the Griffins may want to stay out of the real estate business. They bought Amy McRee’s house for $320,000 and then sold it six months later for $275,000. I took accounting classes at Oklahoma City Community College and even I know that’s a bad deal.

If you ask me, I bet they thought the home was worth more because Wes Welker lived and peed there or something. They probably swept the floor of the bedrooms with some hi-tech vacuum cleaner looking from Graham Colton’s sperm. Or, maybe they just really really really wanted to get rid of Amy McRee. That’s seems more logical.

My only question then is why buy her home? I’ve heard of companies purchasing an employee’s residence before, but that’s usually a special courtesy reserved for hot-shot new hires or executive transfers who are relocating from or to another city. Hell, even then it’s rare. I’ve never heard of a business buying the home of an employee that they wish would quit! Unless, of course, that employee has pictures of the owners involved in an orgy with the Mathis brothers. In that case, all bets are off.

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Comments

  1. The better question here is who is Ken Cryer and why did the Channel 9 parent company sell the home for under market at $93/ square foot. The company paid $108 a square foot, which is market if the home is renovated in that area. I wouldnt be surprized if Amy put some $ into the house while living there and sold it for near market value.

  2. Well, Rob Cryer is the GM of KWTV, so it would stand to reason that Ken is probably related to him. And the plot thickens

  3. Actually, zillow.com values the home at $263,800 NOT the $320,000 shown on the assessor’s website.

  4. Patrick, you are just looking at the buying and selling of the home. You did not facor the money they made by hosting Amy McRee fan parties in the empty house and the selling on eBay the box of swimsuits they found in the attic.

  5. The 60% increase from in seven years (during a nationwide housing boom) isn’t unusual. It’s actually very low compared to other markets which bubbled (and exploded) far more dramatically than ours.

    BlessYourHeart – Zillow is worthless. Ask anybody who knows. For different reasons, the Assessor’s “market value” isn’t the true market value – again, asky anybody who knows.

    The real question is why Griffin took a $45,000 hit plus closing costs. They probably agreed to buy it at a negotiated price (there was a temporary bump in spring 2010 due to the federal tax credits being offered), and then got out of it after the market took a post-credit dive.

    She outplayed them, pure & simple.

    • Tom is half right, the assessor’s MARKET values are based on previous year’s sales data. It’s always a year behind, instead of predicting the future value. Markets go up, markets go down, Nichols Hills is famous for small houses like this being sold and then torn down so a new house can be built.

    • Tom, I’m aware that any “free online” housing value service is worthless in determining value that would include the assessor’s office.

    • True, but if the walls in the bathroom could talk, they would giggle like a schoolboy in short pants.

  6. There must be some lessons to be learned here.

    Blondes never lose in life.

    I bet right now Bobbie Miller is dyeing her hair blonde.

  7. Just because someone paid that much for the property in 2011 doesn’t mean that will be the market value for 2012. The assessor’s office will take the all the sales of similar property in the area to see if that reflects accurately the current value, not what someone pays for a house.

    • I’ve been trying to clone Amy McRee in my basement for several years. No luck yet. They’ve all come out at 6’5″ with wavy hair and deep voices. I think maybe I got some Ogle DNA mixed in somehow. I hate it when that happens!

      • If your basement is in Nichols Hills, it would be more like you are cloning a bunch of Gabe Ikard’s. I think that house is close to where Gabe and a bunch of other Nichols Hills snobs I’m acquainted with live.

  8. Griffin Communications overpaid for the house because the former News Director, Blaise Labbe, allegedly sexually harassed Amy many times and she was going to sue. So they worked out an under the table, off the books pay out for her while she was on her way out.

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