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Started By
Message
re: Pennington's house on BB sells for a whopping 6 mil - starting price was 18 mil
Posted on 6/22/15 at 2:41 pm to lsupride87
Posted on 6/22/15 at 2:41 pm to lsupride87
quote:
So stick to attacking extrapolation and ignore the part where I then referenced an actual quote speaking of a house that is 30,000 sq ft. Solid move
that is from the exact same website that your WSJ article links to.
1
Posted on 6/22/15 at 2:41 pm to Hermit Crab
This thread has been awesome.
Posted on 6/22/15 at 2:41 pm to BayouBengals03
quote:It almost turned into a Lebron thread
This thread has been awesome.
Posted on 6/22/15 at 2:42 pm to Hermit Crab
quote:ok
that is from the exact same website that your WSJ article links to.
Posted on 6/22/15 at 2:42 pm to SirWinston
Wasn't there just a long thread on the OT about dentists over diagnosing cavities? I'm thinking we haven't seen the worst of it yet!!
Posted on 6/22/15 at 2:45 pm to LSUvegasbombed
Does anyone know what was on that land before the Pennington house was built, and who owned it?
Posted on 6/22/15 at 2:46 pm to DrewTheEngineer
quote:I think it was just wooded land that backed up to the adjoining neighborhood
Does anyone know what was on that land before the Pennington house was built
quote:No clue
and who owned it?
Posted on 6/22/15 at 2:51 pm to lsupride87
I got mike's info then just scrolled through 87, stout, 87, stout, 87 to reach this point......
Posted on 6/22/15 at 2:53 pm to CharlesLSU
quote:
I got mike's info then just scrolled through 87, stout, 87, stout, 87 to reach this point......
I know you like me better Chuck 
Posted on 6/22/15 at 2:54 pm to lsupride87
quote:
I think it was just wooded land that backed up to the adjoining neighborhood
how I remember it
Posted on 6/22/15 at 3:03 pm to BayouBengals03
I'm thinking this thread would be even more awesome if it somehow merged with the swinging thread and it was revealed the house would be used for "parties".
Then we could debate the annual cost of condoms.
Then we could debate the annual cost of condoms.
This post was edited on 6/22/15 at 3:05 pm
Posted on 6/22/15 at 3:10 pm to N2cars
quote:
911 and Ruzil best up their game.
shite, I know this couple and saw them eating at Carraba's a month ago. I don't know what that means, but if I hurry, maybe they will hire me as groundskeeper and I could afford to eat at Carraba's more often.
Posted on 6/22/15 at 3:16 pm to captainahab
I recently heard from a pretty reliable source that the maintenance and upkeep runs around $500K/year. Do dentists really make that kind of bank?
Posted on 6/22/15 at 3:17 pm to LSUvegasbombed
quote:
easily 2k or more
I chuckled myself.
Posted on 6/22/15 at 3:24 pm to LSUvegasbombed
They're probably thinking they can flip the house a few years from now for 10mil.
Posted on 6/22/15 at 4:15 pm to LSUvegasbombed
Someone is building a massive house like that in my area. It's probably not as massive as the Pennington place, but it's at least two or three times the size of the already massive houses in its immediate area.
I don't understand why you'd build a 20,000 square foot home in a neighborhood where houses go for maybe $1-2 million. If they ever sell, that place will sit on the market for a long time.
Maybe if it were on a beach or near New York City, there would be a sizable market for that.
In Pennington's case, there were maybe a handful of people in the entire state that could afford it.
I don't understand why you'd build a 20,000 square foot home in a neighborhood where houses go for maybe $1-2 million. If they ever sell, that place will sit on the market for a long time.
Maybe if it were on a beach or near New York City, there would be a sizable market for that.
In Pennington's case, there were maybe a handful of people in the entire state that could afford it.
This post was edited on 6/22/15 at 4:18 pm
Posted on 6/22/15 at 4:15 pm to Shexter
quote:
expect the yard to look like crap in a few months with broken down limos parked in it. RE: His house on Pecue between Perkins and Bluebonnet
False. Good guy and a good family. Congrats to them!
Posted on 6/22/15 at 4:26 pm to Topwater Trout
There was a house there previously, I know the man who sold the property to them. Sold for around 1.5 million if I recall correctly. She bulldozed what was a really nice home to build that one.
Posted on 6/22/15 at 4:42 pm to Croacka
frick spending that and still having to live in Baton Rouge.
Posted on 6/22/15 at 5:27 pm to Icansee4miles
Not that it will help those going at it on the costs but here are some facts. I got these directly from the listing agent who was quoted in the Advocate story. This was related to me as part of discussions around a project we looked at working on together.
1. The house was previously under contract for $10 mill cash. Buyer had that money but backed out when his team did the numbers and found the annual upkeep to be outside his desired price range. This from a guy who had $10 mill to drop on a second house.
2. She didn't know the exact figure but it was between $500k and $1mill a year for upkeep.
3. The property requires daily upkeep due to landscaping and water features. Think daily cleaning, skimming, etc. Stuff that you can't do once a week.
4. The utilities are outrageous. No clue if this is just due to the size of the main house or the design or what but the electric bill was very high to keep the place at even a reasonably cool temp.
Those are just some things I got straight from the horses mouth. Make of them what you will.
1. The house was previously under contract for $10 mill cash. Buyer had that money but backed out when his team did the numbers and found the annual upkeep to be outside his desired price range. This from a guy who had $10 mill to drop on a second house.
2. She didn't know the exact figure but it was between $500k and $1mill a year for upkeep.
3. The property requires daily upkeep due to landscaping and water features. Think daily cleaning, skimming, etc. Stuff that you can't do once a week.
4. The utilities are outrageous. No clue if this is just due to the size of the main house or the design or what but the electric bill was very high to keep the place at even a reasonably cool temp.
Those are just some things I got straight from the horses mouth. Make of them what you will.
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