Local News

Realtor Admits Peterson House May Be Tough Sell

Posted October 16, 2003

— Members of Mike Peterson's family have not said whether they will sell the home on Cedar Street where Kathleen Peterson's body was found. One realtor admits that, given the home's recent history, it may be tough selling the home.

The house was built in 1940. It has six bedrooms and five baths and its tax value is listed at just under $925,000.

"It's a very large house, very desirable neighborhood, beautiful piece of property," Realtor Sudi Swirles said.

However, the house has a notorious stairwell, at the bottom of which Kathleen Peterson's body was found. Mike Peterson was found guilty in the murder of his wife.

"I think there are many buyers, particularly local buyers, that would probably never purchase that house given the circumstances," Swirles said.

A family friend told WRAL he thinks the house will eventually go on the market.

Mike Peterson's family members say their post-verdict plans are still up in the air. Margaret and Martha Ratliff hope to return to college soon, but they have not decided when. Todd Peterson also has not said whether he will leave the area.

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