DM exec buys Hake’s home

DM exec buys Hake’s home
 
Date April 11, 2006
Section(s) Local News
Brief  
 
By JOHN JENNINGS

NDN Staff Writer

Former Maytag CEO Ralph Hake’s Newton home had been on the market since October. Now, the home has been sold, according to documents in the Jasper County Recorder’s Office.

Guy Gast, a Des Moines businessman, now owns the deed to the 4,200 square-foot, brick home at 315 W. 11th St. S. The home had been listed for $759,900, assessed for tax purposes at $533,970. Gast paid $641,000, according to the tax stamps on the deed. The buyer gets to keep the dishwasher, microwave, refrigerator and stove. The four-bedroom house sits on nearly two acres of land in southwest Newton.

Hake and his wife Robin had the house built in 2001 when he was named CEO of Maytag. Hake confirmed that he had put the house up for sale in October 2005, citing “personal reasons.”

Gast is president of the Iowa branch of The Waldinger Corporation, with headquarters in Des Moines. The company provides sheet metal, mechanical, electrical and plumbing services throughout the Midwest, with more than 800 employees in its four construction offices. One of the company’s most recent projects was heating and cooling ductwork for the Iowa Events Center.

Gast has been active on several local, state and national sheet metal industry committees. He also serves as chairman of the Associate Members Council for Master Builders of Iowa.

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