1. Welcome to AppraisersForum.com, the premiere online community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

More Money than Good Sense

Discussion in 'The Watercooler' started by Tom Woolford, Sep 25, 2007.

Thread Status:
Not open for further replies.
  1. Tom Woolford

    Tom Woolford Elite Member

    27
    Nov 20, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
  2. Mike Boyd

    Mike Boyd Elite Member

    0
    Jan 18, 2002
    Professional Status:
    Retired Appraiser
    State:
    California
    Beautiful older home/mansion. Too bad it's gotta go.
     
  3. David Wimpelberg

    David Wimpelberg Moderator Staff Member Moderator

    44
    Mar 30, 2005
    Professional Status:
    Certified General Appraiser
    State:
    New York
    We have plenty of examples here. The largest example I can think of is Lucille Robert's old house; it was a brick mansion well over 10,000 sq.ft. that was bulldozed. Another example is a 10,000 sq.ft., $10,000,000 oceanfront sale (and that was years ago, prices have gone up several times since then) that had the wrecking ball going through the home as I was trying to take a picture.

    The homes that were located on the $103,000,000 sale were donated, otherwise they would have been bulldozed.

    Basically, the dwelling has to be of a quality and design that conforms to the market standards. If not, it gets bulldozed; size doesn't matter.
     
  4. Lee in L.A.

    Lee in L.A. Elite Member

    70
    Jan 24, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Way too much money for one guy. :leeann:
     
  5. seattle98116

    seattle98116 Junior Member

    0
    Apr 19, 2007
    Professional Status:
    Certified General Appraiser
    State:
    Washington
    Happens in the Seattle area all the time too...some guys cashes in remaining stock options and wants a property, but not necessarily the house that is there...he/she wants to make a "splash" with their new monster dwelling.
    Justin
     
Thread Status:
Not open for further replies.

Share This Page