Comments on: $5,000,000 on Fallen Leaf

By: JW

JW — Mon, 23 Feb 2009 19:12:29 +0000

I think this is worth $3.25M for the land, $1M for the building, for total of $4.25M.

By: Sean

Sean — Tue, 19 Aug 2008 02:25:13 +0000

For 5 Million you can live like an average person in the Midwest minus the great weather. That home with one acre of land would be about $300 in most of the Midwest. The home alone looks awful.

5 Million is not a joke. You need to be rich to buy this home. Period. And most rich people spending 5 Million will require a top notch home and this isn’t it. So this in my opinion is an acre of land with a 50,000 bill to dispose of a junk house. Plus another $1-2M to build a new 8000 sq ft house.

But remember some people have so much money they don’t know how to spend it, one of them will likely buy this home in a year or two.

By: missedthebubble

missedthebubble — Mon, 18 Aug 2008 23:30:38 +0000

My ball park guess is that this house is 2.5 million to 3 million, but that is with the caveat that the USSR… oh I mean Russia doesn’t dump US gov’t securities in response to…

Has the world gone mad?

By: Anonymous

Anonymous — Mon, 18 Aug 2008 19:11:13 +0000

Get a grip on yourself. Whoever is buying this property is not buying it beause of the fabulous architecture. It’s all about location and lot size.

By: Tootsie

Tootsie — Sun, 17 Aug 2008 18:26:40 +0000

[sigh] If I had the means to buy such a home I can assure you that A] I would not put it into real estate that I lived in, B] I would not be buying in Arcadia and C] I would not buy this ancient fossil.

I’ve seen homes like this in Pasadena, Arcadia and SM, w/o fail I bet the inside needs major remodel. Notice how there is no mention of renovation or upgrading? There’s a reason….there’s none!

Also Where does the realtor get the idea “home is set amongst centuries-old oak trees”? They don’t appear that old to me!

Regardless, another for idiots only listing taken by a realtor who is too afraid to slap the seller into reality.

By: Kuma

Kuma — Sat, 16 Aug 2008 20:16:47 +0000

If you’re wealthy enough to buy this home, will another $400-600k price drop concern you?

Yes! While housing price dropping 20% per year, why should I be so anxious to get this house? It will be there for a while, so … why not keep waiting and have the $400 – 600k make some money for me at the mean time?