So for the price of an island, you can also own an apartment in Manhattan. Damn! The recent sale marks the highest price in Manhattan’s real estate history. ”
With eight bedrooms, 10 bathrooms, formal and informal dining rooms and sweeping terraces, there is about 10,000 square feet of interior space — valued at about $5,250 per square foot, Miller said. The real estate taxes alone on the transaction came to nearly $1.5 million.” According to CNNmoney.com
Facebook may change the world of real estate in California soon
For Silicon Valley residents, the looming Facebook IPO looks to be causing a frenzy in the surrounding real estate market. Homes and agents are eager to sell houses as a result of the pending IPO. See this article from CNNMoney.com. If you live in Palo Alto or the surrounding area, you may make a boat load on your real estate soon. We will see.
It sounds like the creator of legendary songs such as Purple Rain will continue to own property in Chanhassen, MN. One of Prince’s business managers, Kiran Sharma, stated that Prince sent in full payment to the bank a few days ago.
The great purple one seems to be facing tough financial issues. He is set to lose his 20 acres of land in Chanhassen to a Sheriff’s sale on May 13th unless he forks over enough money to pay back taxes.
This is not the first time Prince has been in financial trouble in Minnesota. Last year, he reportedly paid $1.3million in back and current property taxes to Carver County.
He currently owes about $386,000 to the Bank of New York Mellon Trust Co. This is seams like a drop in the bucket for a famous pop artist like Prince. However, it seems he is a better singer then business man.
The property currently is just the 20 acres with a tennis court and gaurd house locaed on Galpin in Chanhassen, MN. The value is $1.15million down from $1.5 million a year ago according to Carver County records.