Ferrari F40 thrown in as closing gift with purchase of Malibu home
Apr 23, 2010 | 12:45 AM
#22
Teamspeed Senior Member
Joined: Jan 2008
Posts: 715
From: Nashvegas
For 2.5, thats a lot of house. Definitely looks like a cool place, and the F40 would just be icing on the cake. It would just be unfortunate if the person buying the house didn't realize the importance of the car.
Apr 23, 2010 | 03:14 AM
#23
Teamspeed Pro
Joined: Jan 2008
Posts: 8,356
From: Los Angeles
Do the math. In 2002 the house was worth $1.9M. Normal rate of appreciation in high end areas of LA is around 4% at the high end. Compound that through 2010 and you get $2.6M. These numbers are verified by the comps in that neighborhood.
Apr 23, 2010 | 04:36 PM
#25
Teamspeed Pro
Joined: Nov 2008
Posts: 7,658
From: LA
Not doubting you, just seemed like a nice house in a nice area for that price.
Found it on Redfin when I wasn't looking for it. Think I could manage the commute to Loyola?
4996 PUESTA DEL SOL St, Malibu, CA 90265 | MLS# 10-420123
Found it on Redfin when I wasn't looking for it. Think I could manage the commute to Loyola?
4996 PUESTA DEL SOL St, Malibu, CA 90265 | MLS# 10-420123
Apr 23, 2010 | 05:15 PM
#26
Teamspeed Pro
Joined: Apr 2008
Posts: 2,592
From: Mulholland Drive
Some interesting facts about this story:
1. The guy had previously listed the house at $4M then raised it to $4.4M and "threw in" the F40. So he's basically selling the car for $400K, which was probably his purchase price for the car.
2. The house is actually only worth about $2.7M in today's market. So the guy is smoking dope like many other high end home owners today. He bought the house for $1.9M in 2002. So even the $2.7M number may be high; $2.5M may be more likely.
3. If I owned this home, I would have vagin@ coming out of my ears.
1. The guy had previously listed the house at $4M then raised it to $4.4M and "threw in" the F40. So he's basically selling the car for $400K, which was probably his purchase price for the car.
2. The house is actually only worth about $2.7M in today's market. So the guy is smoking dope like many other high end home owners today. He bought the house for $1.9M in 2002. So even the $2.7M number may be high; $2.5M may be more likely.
3. If I owned this home, I would have vagin@ coming out of my ears.
Thing about having a nice house is...you have to get them TO your house for them to see it... :P
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