Here is a listing for a high-end house in Kentfield (rather, a house that will be built) whose price has dropped 40% in one month if you can believe the realtor's November, 2005 appraisal claim that is (makes one think twice about the possibility of appraisal fraud in Marin County). I've already entered it into the Marin Address Pricing History thread for future reference.
(Click on the image for a larger view)
3 comments:
The $2,375,000 price is for the tear down house, lot and plans.
I'm sure the $6,000,000 price is for the finished home and the appraisal was from a bank for construction loan purposses.
That could be. If so, my mistake.
The $2,375,000 price is for the tear down house, lot and plans.
Interesting. Wouldn't that leave a balance of approx. $3.62M for construction costs? That puts the home at around $614/square foot! And we're talking construction alone. Personally, I don't find the layout and style of that home very striking. At a price that should command a skilled architect and builder, you get a home more akin to the Winchester Mystery House. Taste, money, and good sense are obviously unrelated.
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