Sunday, April 25, 2010

Proof That Buying A House Is Impossible In Some Local Real Estate Markets

See, this great house is no longer a house by our standards, but a mansion, worth all of $17,000.000.
Where: Palo AltoAsking price: $17 millionProperty tax: $221,000*What: 7 bedrooms, 4.5 baths, 7,523 square feet per tax recordsAmenities: Asymmetrical facade, gables, classical columns, painted wood gutters, enclosed front porch, wood sash windows, fireplace, French doorsContact: Sherry Bucolo, Alain Pinel Realtors, (650) 207-9909*Estimate based on 1.3 percent of asking price

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