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Posted on 6/22/15 at 5:35 pm to jbgleason
quote:Could have used you a couple of hours ago.
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.
I thought the number would be closer to 1.2 mil, but up to 1 mil sounds reasonable to mePosted on 6/22/15 at 5:41 pm to lsupride87
Hey now! Don't get me involved in yalls ruckus. I was just offering some direct facts. Remember that the $1 mill number was at the top of that scale. Of course, whatever the number was, it was enough to scare off a guy with $10,000,000 in his wallet.
Posted on 6/22/15 at 5:44 pm to jbgleason
Yeh I would be very surprised if it was less than a million a year. Paula kept that house fully stocked and always ready for parties and events, as that was the reason she built the house in the first place.
Posted on 6/22/15 at 5:45 pm to lsupride87
So jb question, is your 500k-1mil number the straight cost to upkeep the place, or the amount Paula spent?
This post was edited on 6/22/15 at 5:47 pm
Posted on 6/22/15 at 5:45 pm to jbgleason
quote:
2. She didn't know the exact figure but it was between $500k and $1mill a year for upkeep.
Wow...that blows my low-end guess of $300k right out the door.
Posted on 6/22/15 at 5:48 pm to lsupride87
No. That number was what the potential buyers team estimated it would cost him to keep the estate up and running per year maintenance and utilities wise. Nothing to do with parties, food, drink, etc. this was a "keep the lights on, grass cut and doors unlocked" cost.
Posted on 6/22/15 at 5:50 pm to jbgleason
quote:That makes sense. I will stick to my guess that the Penningtons then spent over 1.2 million annually then as their help and staff went beyond that
No. That number was what the potential buyers team estimated it would cost him to keep the estate up and running per year maintenance and utilities wise. Nothing to do with parties, food, drink, etc. this was a "keep the lights on, grass cut and doors unlocked" cost.
Posted on 6/22/15 at 5:57 pm to lsupride87
Probably a dumb question but why did the Pennington lady sell?
She just built that house a few years ago.
She just built that house a few years ago.
Posted on 6/22/15 at 5:59 pm to Cash
Not sure exactly. Like I said earlier she built that house with the idea of hosting and trying to bring events to BR. Maybe it didn't come to fruition like she had hoped
Posted on 6/22/15 at 6:01 pm to lsupride87
Built it to show off and then found out that maintaining an estate is a PITA.
Posted on 6/22/15 at 6:03 pm to jbgleason
what kind of house are the pennington's living in now?
Posted on 6/22/15 at 6:07 pm to Croacka
Fwiw: I worked on a bankruptcy case once where the guy filing had a 25,000 square foot home. His monthly bill total for up keep ranged between $35,000 - $45,000.
Posted on 6/22/15 at 8:08 pm to 12Pence
I didn't realize I put 2k... Meant 20k but I am way under after reading this thread. My parents water bill was 2k on 5k sq feet house. They have fountains and streams that they made
Posted on 6/22/15 at 9:15 pm to LSUvegasbombed
Was anybody living in the house recently? Or did the penningtons already move out
Posted on 6/22/15 at 9:23 pm to jrous19
Moved out
Posted on 6/22/15 at 9:43 pm to LSUvegasbombed
Are they foreign? Maybe that's bad for the neighborhood?
Posted on 6/22/15 at 10:17 pm to jbgleason
quote:
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.
They have a full time maintenance supervisor for the house, he was the onsite project manager when the house was being built, his salary would probably be around 100K,
I talked to the HVAC contractor while the house was being built, if I remember correctly he said the house had almost 200 tons of AC, at the time we roughly calculated the electricity cost for the AC alone to be $10K a month.
Posted on 6/22/15 at 10:21 pm to Cash
quote:
Probably a dumb question but why did the Pennington lady sell?
They are going to build another house, she felt the architect they used took too many liberties with the design and it is not really what they wanted.
Posted on 6/22/15 at 10:21 pm to HoopyD
quote:
False. Good guy
sounds like it
quote:
ANDRE H. BRUNI, D.D.S.
BATON ROUGE, LOUISIANA
VIOLATION: Dr. Bruni was charged with fraud and submitting false or unnecessary claims in violation of R.S. 37:776 (A)(16) and (21); his failure to maintain a proper controlled substances log in violation of R.S. 37:794 (A)(6) and LAC 46:XXXIII.320.
FINAL DISPOSITION: Dr. Bruni entered into a consent decree with the Board wherein he was ordered to pay a fine in the amount of $49,000 and reimburse the Board’s costs; he was placed on probation for 3 years. He agreed to complete an ethics continuing education course. He must also successfully complete the dental jurisprudence test administered by the Board.
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