Housing Crisis Hitting The Upper-Ultra-Beyond-Rich Class?
March 4, 2009 by gtsay
Filed under Real Estate Blog
Hardknock Life For the Rich And Famous
According to the prominent real estate valuation site, this 11 bedroom 11 bath mansion in the Hamptons recently sold for a whopping … $27k. Yes,”K” as in thousand.
House Facts:
Address:
120 Meadow Lane
Southhampton, NY 11968
- Multi family
- 11 beds
- 11.0 bath
- 14,522 sqft
- Lot 84,942 sqft
- Built in 1982
Notice the annual tax costs twice as much as the sold price.
ZESTIMATE®: $20,228,000
* Value Range: $1,820,520 – $22,453,080
* 30-day change: $607,500
* Zestimate updated: 03/04/2009
Last sale and tax info
Sold 01/02/2009:
$27,000
2007 Property Tax:
$53,500
History On This House
After a little digging, it appears that this fine property was owned by John and Lauren Veronis, which fetched $27 million recently, sold to James Nicholson, the CFO of Nektar Therapeutics, Inc.
Veronis is co-founder and managing partner of Veronis Suhler Stevenson, an independent media merchant bank,and he also founded the Psychology Today magazine, and was once editor of Ladies Home Journal. Lauren Veronis is a philanthropist and socialite who is also the mother of newswoman Perri Peltz.
The Verdict
Zillow sucks. Three zeros make a big difference fellas.