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Old 01-28-2013, 01:47 PM
 
Location: Northern California
3,565 posts, read 11,610,696 times
Reputation: 1606

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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, 01:55 PM
 
Location: SF Bay Area
13,638 posts, read 20,077,872 times
Reputation: 7298
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, 08:10 PM
 
Location: Mountain Ranch, CA & El Pescadero, BCS MX.
6,769 posts, read 16,074,339 times
Reputation: 5965
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, 10:02 PM
 
Location: Sacramento
11,463 posts, read 11,288,441 times
Reputation: 9899
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, 09:28 AM
 
Location: Zurich, Switzerland/ Piedmont, CA
28,595 posts, read 45,231,214 times
Reputation: 12536
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, 10:43 AM
 
Location: Lafayette, CA
2,518 posts, read 2,777,500 times
Reputation: 615
I wonder what it would rent for.
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Old 01-29-2013, 11:31 AM
 
Location: San Francisco
9,034 posts, read 6,837,408 times
Reputation: 5586
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, 11:50 AM
 
Location: Zurich, Switzerland/ Piedmont, CA
28,595 posts, read 45,231,214 times
Reputation: 12536
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, 12:16 PM
 
Location: San Francisco
9,034 posts, read 6,837,408 times
Reputation: 5586
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, 12:18 PM
 
Location: Lafayette, CA
2,518 posts, read 2,777,500 times
Reputation: 615
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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