the house does qualify for tax freeze by being a national historic landmark for 8 years if we rehab and upgrade the home. we can possible reduce said taxes if we agree to not alter the facade in anyway. i did some digging today and it turns out that someone bought the house and the house next door from an estate in april for 3.1. they subdivided the estate into two homes and are trying to sell this one for 2.5. they do not want to have it torn down and replaced with two mega mansions. i believe we can probably buy it in the 2.2 range which might make an interesting project.
my wife called me from its yard today an she is in love. unfortunately glencoe is gucci, i am rock and roll. I dont know if the Zens will fit in. FUCK EM!
Some nice pads guys. If it is worth anything, Toll Brothers builds some of the best homes here in Vegas. That doesn't equate to them doing the same in TX, as the subs are what matter, but just some FYI. They are probably the best tract/semi custom builder here besides Christopher Homes (they are mostly custom/high end now though).
Hey. Ricky, your house is a very nice, solid looking home. Most people would be thrilled to have that. We can't all measure up to tucker's standard of living. I know that I can't. I don't know why tucker doesn't just buy us all new Vipers. My strategy is to become tucker's best friend, peaking at about christmas time. I am hoping that he enjoys glorious tales of female conquests and unabashed braggadocio. I could be way off, but I doubt it.
lol thanks man...but when it comes to tucker he promised me his cars...maybe you can have teh house
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Originally Posted by Josh M
I would post pics of my condo..........but it doesn't fit in with this thread
Ricky your house is nicer than mine! I figure we are both in our early 20s so we aren't doing too badly!
I was thinking about getting into a really nice condo as well before...but then I wouldn't be able to get any presa canario puppies
It's all relative. That is probably onlt 1.5%. Property taxes in my area are around 2%.
Property taxes are figured off of assessed values of homes, not true market values. Typically assessed values are 33ish% of market value, so $2.5mil at 33% is $825k x 1.5% is $12k. So The tax rate there where this house is located is probably somewhere around 5-5.5%. Is this correct Zen?
Out East our homes have character...not cheap new builds....not that I care for a my home is better than yours pissing game...just stating facts about real estate value....
Believe me sometimes I wish I lived somewhere else for the upkeep alone costs....but its the price you pay for living close to manhattan and the water as well....
funny.... I found those pics too when I googled "a house I wish I had"
NoRice....the house currently has a value of 1.675 which I actually think is based on the whole estate that was sold after the owner passed. It appears that the estate had two homes on it. the new owner paid 3.1 and subdivided it, she lives in one house and is trying to sell this one. With this being said, I think, I maybe wrong, but I think the current valuation is based on what was the entire estate prior to subdivision.
my wife and I like the house, love the land and being 100 feet from lake michigan is a huge plus. However, I have three young kids that have great lives because of their current neighborhood. that coupled with the fact that I am probably white trash compared to my neighbors makes for a hard sell.
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