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re: 44th largest house in the US @ 58k sf on sale for 5m
Posted on 4/12/25 at 10:31 pm to Blizzard of Chizz
Posted on 4/12/25 at 10:31 pm to Blizzard of Chizz
quote:
The smart money would be to bulldoze it and develop a small exclusive subdivision in its place.
The big problem is its location. Shoal is a beautiful area, but it’s eons from the locus of money and commerce in the metropolitan area.
Without looking I’d bet there are 20+ homes in some of the inner ring suburbs (Mountain Brook, Homewood, Vestavia Hills, etc.) that would fetch more on a much smaller footprint.
1
Posted on 4/12/25 at 11:02 pm to Alabama Slim
quote:
There does appear to be a cookie cutter neighborhood a stones throw from the back porch.
What good is a castle when the peasants are breathing so much your royal air??
This post was edited on 4/12/25 at 11:02 pm
Posted on 4/12/25 at 11:10 pm to CAD703X
27 acres. Would like more land but why build so close to the property line and other houses?
Wonder what the property taxes would be?
Wonder what the property taxes would be?
Posted on 4/12/25 at 11:16 pm to CAD703X
Where at in Birmingham? If we’re talking west end area hell no. Homewood-ish? I’m all ears.
Posted on 4/12/25 at 11:19 pm to theunknownknight
quote:
How much would (roughly) 30 high-quality 2000-square-foot houses cost?
But that's 30 kitchens filled with appliances. 30 master baths - 60 to 90 bathrooms in total. 30 hot water heaters. 30-60 AC units. 30 fireplaces. 30 driveways. 30 garages. Etc etc.
Posted on 4/13/25 at 1:00 am to CAD703X
You'd need a staff of probably a dozen people to keep the place up. Plus security.
I'm out.
I'm out.
Posted on 4/13/25 at 1:05 am to MC5601
quote:
That is actually a crazy good deal. A builder trade spec house costs about $175 per square foot to build these days. That house would probably cost $500-600 per square foot new with the ultra high end finishes and huge ceilings
I was thinking more at least 600 but I would have to see the house in person to inform my guess.
There is something VERY wrong with this listing, either the house or the listing itself. Our house is "supposed" to be worth roughtly 1/3rd of that listing price and is only about 12% of the size. While it is in a very nice neighborhood it is also only on 2.5 acres and doesn't have multiple houses in a compound like the one in the OP.
Posted on 4/13/25 at 1:10 am to CAD703X
Posted on 4/13/25 at 4:55 am to theunknownknight
quote:
How much would (roughly) 30 high-quality 2000-square-foot houses cost?
Let’s say 250,000.
You could not build that house for $1,000 per foot. It might be $2,000. I’m not suggesting it’s worth that. I built a house three years ago with 7800 sq ft living area (Probably 10,000 under beam) and it cost about $5 million just to build - that’s no land, landscaping, architect fees, or decorating. The quality was very high, but it was not opulent. We have had a great deal of inflation since then, and that house has features that look very expensive.
And the landscaping in that photo is well over a million dollars.
This post was edited on 4/13/25 at 4:58 am
Posted on 4/13/25 at 5:42 am to Penrod
I don't know what the Hell I'd do all day in a house that big. Maybe set up a tent in the yard and camp out.
Posted on 4/13/25 at 5:52 am to CAD703X
Am I the only one who sees that interior pic and is waiting for Tony Montana to come out of the room guns a blazing?
Posted on 4/13/25 at 6:58 am to CAD703X
You could give me the house and I couldn’t afford the monthly utility bills……
That house is about 25x the size of my current house. $250/m power/gas bill would be $6250/mo. Plus lawn care, pool, cleaning. No way I can afford.
Forget about property taxes….
That house is about 25x the size of my current house. $250/m power/gas bill would be $6250/mo. Plus lawn care, pool, cleaning. No way I can afford.
Forget about property taxes….
Posted on 4/13/25 at 7:04 am to theunknownknight
Sometimes, what it cost to build is not what it is worth.
Posted on 4/13/25 at 7:08 am to CAD703X
Taxes were over $45k in 2023.
Posted on 4/13/25 at 7:15 am to Pedro
quote:
Where at in Birmingham? If we’re talking west end area hell no. Homewood-ish? I’m all ears.
It’s in Shelby County - about 30 minutes south and east of town. Nice area, but it’s more exurban / borderline rural than it is near to much of the rest of the metro area.
Posted on 4/13/25 at 7:25 am to CAD703X
Posted on 4/13/25 at 7:37 am to AbuTheMonkey
quote:
The big problem is its location. Shoal is a beautiful area, but it’s eons from the locus of money and commerce in the metropolitan area.
Without looking I’d bet there are 20+ homes in some of the inner ring suburbs (Mountain Brook, Homewood, Vestavia Hills, etc.) that would fetch more on a much smaller footprint.
Might be one or two in MB that come close to $5M, but the square footage price would be surpassed easily in all three, probably.
That house screams 'trashy' to me, but I don't have enough money to ponder what to waste it on.
This post was edited on 4/13/25 at 7:46 am
Posted on 4/13/25 at 8:00 am to CAD703X
quote:
In 2020, it sold for $4.8 million
There's definitely something wrong with it. First guess just the upkeep.
HOA = $4,8000/yr
Insurance = $24,996/yr
Property taxes = $45,780/yr
That's $75,576/yr without paying for a single blade of grass to be cut or window to be cleaned.
Electricity runs for around $.1157/khw in Birmingham. For easy
math we'll say the average 1ksqft home averages 1k kwh per month (~$150). For 55ksqft, that's at least $55,000 per month just for electricity ($660k/yr).
This brings the running annual total to $735,576. That doesn't include pest control, water, pool service, cleaning (because you're not dusting that whole place by yourself) or general maintenance.
So, at bare minimum you're probably looking at a good $1M per year just to pay the bills and keep the place up. Limit the clientele willing to pay that much for annual household to just those willing to live in the Birmingham area and you likely wind up with a very small list of people.
Posted on 4/13/25 at 8:02 am to CAD703X
86 dollars per square ft is pretty cheap
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