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Old 01-28-2013, 12:47 PM
 
Location: Northern California
3,471 posts, read 8,718,854 times
Reputation: 1459
Default Woodside Home Sells for $117.5 Million!

See The Second Most Expensive Home Sold In America | NBC Bay Area

I wonder what the property taxes are going to be .
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Old 01-28-2013, 12:55 PM
 
Location: SF Bay Area
10,133 posts, read 13,048,016 times
Reputation: 5336
Quote:
Originally Posted by humboldtrat View Post
See The Second Most Expensive Home Sold In America | NBC Bay Area

I wonder what the property taxes are going to be .
Probably not as much as they think considering the only other $100+ million sale in the Bay Area was assessed at half the price paid. Pretty dumb price to pay for this place imo.

Billionaire paid double mansion's worth, assessor says - Yahoo! Homes
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Old 01-28-2013, 07:10 PM
Status: "Keep some sunshine on your face!" (set 19 days ago)
 
Location: Mountain Ranch, CA The heart of Calaveras County
6,000 posts, read 10,820,413 times
Reputation: 4664
The price paid is the price assessed according to Prop 13. I don't think the assessor has any say in the assessment when it's an arms length sale.

I'd be loving being the candidate running against the Santa Clara County Assessor in the next election.
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Old 01-28-2013, 09:02 PM
 
Location: Sacramento
7,264 posts, read 4,437,915 times
Reputation: 5267
Nice return on money there. $8, that's dollars to $117.5 million. I mean I'm sure the house cost something to build, but nowhere near $117,499,992.
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Old 01-29-2013, 08:28 AM
 
Location: Zurich, Switzerland
24,787 posts, read 30,918,146 times
Reputation: 10444
A pic from the LA Times via Google Maps.


Estate in Woodside, a Silicon Valley haven, sells for $117.5 million - latimes.com
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Old 01-29-2013, 09:43 AM
 
Location: Lafayette, CA
2,518 posts, read 1,600,889 times
Reputation: 583
I wonder what it would rent for.
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Old 01-29-2013, 10:31 AM
 
Location: San Francisco
8,302 posts, read 3,306,422 times
Reputation: 4719
Quote:
Originally Posted by DocGoldstein View Post
I wonder what it would rent for.
Per Zillow, a nearby house listed at $85M (but whose "Zestimate" is a mere $48M) would rent for a suspiciously low $6,438/mo. I think their numbers are a bit off.
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Old 01-29-2013, 10:50 AM
 
Location: Zurich, Switzerland
24,787 posts, read 30,918,146 times
Reputation: 10444
Quote:
Originally Posted by pch1013 View Post
Per Zillow, a nearby house listed at $85M (but whose "Zestimate" is a mere $48M) would rent for a suspiciously low $6,438/mo. I think their numbers are a bit off.
Maybe add a zero to that. LOL
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Old 01-29-2013, 11:16 AM
 
Location: San Francisco
8,302 posts, read 3,306,422 times
Reputation: 4719
Quote:
Originally Posted by 18Montclair View Post
Maybe add a zero to that. LOL
Hey, I could afford that! If I had 63 roommates.
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Old 01-29-2013, 11:18 AM
 
Location: Lafayette, CA
2,518 posts, read 1,600,889 times
Reputation: 583
Quote:
Originally Posted by pch1013 View Post
Per Zillow, a nearby house listed at $85M (but whose "Zestimate" is a mere $48M) would rent for a suspiciously low $6,438/mo. I think their numbers are a bit off.
Zillow's algorithm takes median income of the zip into account. So it by design screens out anomalies like a $100+ million home.
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