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Old 01-28-2013, 12:47 PM
 
Location: Northern California
3,476 posts, read 8,910,986 times
Reputation: 1472
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
10,257 posts, read 13,430,587 times
Reputation: 5414
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
 
Location: Mountain Ranch, CA The heart of Calaveras County
6,047 posts, read 11,159,610 times
Reputation: 4763
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
7,669 posts, read 4,836,960 times
Reputation: 5580
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
24,934 posts, read 31,801,375 times
Reputation: 10577
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 1,682,733 times
Reputation: 588
I wonder what it would rent for.
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Old 01-29-2013, 10:31 AM
 
Location: San Francisco
8,461 posts, read 3,552,715 times
Reputation: 4864
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
24,934 posts, read 31,801,375 times
Reputation: 10577
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
8,461 posts, read 3,552,715 times
Reputation: 4864
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 1,682,733 times
Reputation: 588
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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