Show us your real estate pawn (vol 2)

[Blackpuddin]

gwm said:

h0b0 said:

Du1point8 said:

Only a flat Im afraid

http://www.corcoran.com/nyc/Listings/Display/25469...

This has been around for some time. They have it appear in as many TV shows as possible. The trouble is that it is on the wrong side of the Water for people who it would appeal to with enough money to actually buy it.

I thought Brooklyn was the place to be now?

Amyway, I love it. Reminds me of the place they feature in Gotham.

Dumbo in partic is a happenin' district, awesome Manhattan views from the bath.

[h0b0]

Eleven said:

p1stonhead said:

Real estate taxes in the USA are frightening.

IIRC mortgage payments are tax deductible though, is that right?

Capped in some states. In NJ its around $10k so the rest is wasted money. For federal taxes your overall household tax burden (income, investments and purchase) is taken into account and they calculate a minimum tax rate. If you have large property tax that you are writing off as a deduction it may take your tax rate down below a minimum level and they force a minimum tax rate upon you. This was to stop rich people writing off their entire income. But, rich people "earn" their money in different ways and so that is why billionaires pay a tax rate of 8% and I pay over 30%.

Bitter, yes. My property taxes are 3.5% of the assessed value of the property each year.

[Looket]

I still remember when this was up for £100m. Reads a tad desperate. Developer in a pickle or some kind of scam I can't quite wrap my head around?

http://www.rightmove.co.uk/property-for-sale/prope...

[FourWheelDrift]

Looket said:

I still remember when this was up for £100m. Reads a tad desperate. Developer in a pickle or some kind of scam I can't quite wrap my head around?

http://www.rightmove.co.uk/property-for-sale/prope...

That's one huge 'studio flat'

[Looket]

Quite.

[User33678888]

It could be legit. It was priced £100m to start with, then reduced to 65. It was on the market for several years so could be that the developer is just taking the loss and wants rid. He's worth half a billion though so you'd think he could/would wait for a reasonable offer. All speculation though. Interestingly Glentree don't seem to be marketing it any more.

[ferrisbueller]

anonymous said:

[redacted]

Bought for 720, up for 1.35m. Not a bad return over 10 years.

[jdw1234]

User33678888 said:

It could be legit. It was priced £100m to start with, then reduced to 65. It was on the market for several years so could be that the developer is just taking the loss and wants rid. He's worth half a billion though so you'd think he could/would wait for a reasonable offer. All speculation though. Interestingly Glentree don't seem to be marketing it any more.

I think the issue is the plot has been chopped with houses at the back with the access road at the side.

No way I would accept that at that price. I would want all the houses demolished and the garden restated. The garden is now too small for the house.

Same prob for the unsellable house in TW1 by the river is St Margaret's.

[Turbodiesel1976]

Another great house for not a lot of money, NI

http://www.propertypal.com/6-ballyhemlin-road-kirc...

[okgo]

Closest that dump has come to being porn is likely having a snuff movie filmed in the basement.

[Jonnny]

I'm sure we've had this place before? I've not been reading the thread for long..

https://primeresidential.wordpress.com/2012/12/07/...

Looking around the local area on Satellite shows up some ridiculous houses, am off on the bike to have a ride around..

[Blown2CV]

Pwig said:

http://www.rightmove.co.uk/property-for-sale/prope...

Lovely on the outside, a bit bland on the inside.

Just looks a bit cheaply furnished, and in the wrong style.

[Blown2CV]

Turbodiesel1976 said:

Another great house for not a lot of money, NI

http://www.propertypal.com/6-ballyhemlin-road-kirc...

It's the craggy island style exteriors that put me off a lot of houses in Ireland and NI. So much grey!

[Turbodiesel1976]

Blown2CV said:

It's the craggy island style exteriors that put me off a lot of houses in Ireland and NI. So much grey!

Yeah, for some reason the grey finish is popular over here, I suppose it could be painted though, still think it's a lot of house for the money compared with some of the prices you see on the thread

[petemurphy]

stunning

http://www.dailymail.co.uk/news/article-2993981/Me...

[AstonZagato]

Jonnny said:

I'm sure we've had this place before? I've not been reading the thread for long..

https://primeresidential.wordpress.com/2012/12/07/...

Looking around the local area on Satellite shows up some ridiculous houses, am off on the bike to have a ride around..

That interior is a bit, um, bling.

I can't help thinking the got the market wrong. This is a London house in the country. Anyone buying the country lifestyle will want something more classical / restrained for the interior, I'd have thought. However, they know their buyers better than me.

I've shot on the Windlesham Estate before. It's a remarkable place - only a hop skip and jump from the M25 but proper, beautiful countryside. I hope they haven't ruined the environment.

[hornetrider]

petemurphy said:

stunning

http://www.dailymail.co.uk/news/article-2993981/Me...

Stunning it is. I stayed there for a week or so when attending a wedding onsite a few years back.

[Jonnny]

AstonZagato said:

That interior is a bit, um, bling.

I can't help thinking the got the market wrong. This is a London house in the country. Anyone buying the country lifestyle will want something more classical / restrained for the interior, I'd have thought. However, they know their buyers better than me.

I've shot on the Windlesham Estate before. It's a remarkable place - only a hop skip and jump from the M25 but proper, beautiful countryside. I hope they haven't ruined the environment.

To be fair, I've just cycled past it.. It seems set down slightly from the road, and lots of trees around it.. You wouldn't notice it if the marble gates/driveway wasn't there.

It's having some work done, scaffolding up and plaster is falling off of the chimnee..

[p1stonhead]

AstonZagato said:

That interior is a bit, um, bling.

I can't help thinking the got the market wrong. This is a London house in the country. Anyone buying the country lifestyle will want something more classical / restrained for the interior, I'd have thought. However, they know their buyers better than me.

I've shot on the Windlesham Estate before. It's a remarkable place - only a hop skip and jump from the M25 but proper, beautiful countryside. I hope they haven't ruined the environment.

The interior is very typical of those sort of house being built in the area; Windlesham, Wentworth etc.

Looks like it's got a good plot there; some are very poorly sized for the sqft of house.

[RichB]

AstonZagato said:

Jonnny said:

I'm sure we've had this place before? I've not been reading the thread for long..

https://primeresidential.wordpress.com/2012/12/07/...

Looking around the local area on Satellite shows up some ridiculous houses, am off on the bike to have a ride around..

... I can't help thinking the got the market wrong. This is a London house in the country..

That's dreadful It's a Town Hall & Magistrates Court in the country!