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Nancy Lanza Estate Estimated At $64,000

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(Stephen Dunn/Hartford Courant)

Nancy Lanza’s estate is worth only about $64,000 because of a large mortgage on the now-vacant Newtown home where she was killed by her son.

An inventory of Nancy Lanza’s finances, filed in probate court earlier this month by Stamford attorney Samuel Starks, shows that at the time of her death Lanza had five bank accounts totaling about $60,000 as well as ownership of 36 Yogananda St., where she lived with her son Adam Lanza.

Adam Lanza shot his mother four times with a .22-caliber rifle on the morning of Dec. 14, 2012, and then drove to Sandy Hook Elementary School and killed 26 more people, including 20 first-graders, before killing himself.

Starks’ filing shows that the house, built on more than two acres, has a fair market value of $360,000, but that Lanza has a $402,232 mortgage on the house with CitiMortgage.

The only other asset for Nancy Lanza was about $5,000 in jewelry. Overall, Starks estimated Lanza’s estate at $64,236.

Several attorneys have been waiting for Stark to file an inventory of Nancy Lanza’s assets before deciding whether to sue the estate.

The 3,100-square-foot house has an appraised value of more than $523,000, according to town records. Real estate agents said that what the house would actually sell for once potential home buyers realize that a mass murderer lived there is unknown.

The yellow house has been vacant since the Dec. 14 massacre, except for police who removed evidence from it, mostly from Adam Lanza’s room. Eventually authorities turned the house back over to Peter Lanza, Nancy’s former husband, about two weeks after the murders.

Read more at Courant.com

By Dave Altimari, Hartford Courant 

 

A previous version of this story incorrectly identified the type of gun.

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3 comments

  • Guest

    Enough Already.

    It is obvious now that Adam should have been permanently institutionalized… not mainstreamed to that school system. We need to stop acting like nothing is wrong with the mentally ill. They should not be placed in a situation that stresses them to the point of breaking like him. The mentally deficient also should not be taught violent sports because it is like putting a weapon in their hands with their lack of control on how they use it.
    For example; Some foolish social worker taught my 200 lb 6' tall special needs nephew(who IS institutionalized) how to kick box. He has the emotional capacity of a 10 year old, so the next time he got angry he USED it on us. We were well trained in unarmed self defense, so we were able to pin him down. However; I suffered a permanent eye injury, & my spouse had 3 broken ribs from the struggle. Our experience has shown us that there is a serious lack of common sense in what these kids are being taught even by their trained councilors.
    Another murder just happened of a 12 year old killed by a 15 year old special needs student who hit the boy once, killing him, & hid the body in a lot full of trash.
    This 15 year old already had THREE convictions for assault. The jails are overflowing with the violent mentally ill. 1/3 of all inmates are mentally ill. Prison is a revolving door for them, & often they leave worse than they entered. I have a sister confined to a wheelchair because she was attacked by a mentally ill relative who authorities refused to involuntarily commit. He is still free & still as mentally ill. I hope that I will not see his face on the news for a violent crime.

    There is plenty of blame to spread for the people who turned down this mother's efforts to institutionalize her son before a tragedy occurred. The lawyers should target them for their share in this tragedy. They & the news media should leave the remaining family members in peace. They have lost enough too.

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