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Thread: Buy the Shaw mansion - unreserved auction!

  1. #41
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    Quote Originally Posted by Buster View Post
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    They ate $5MM in depreciation since 2013? yowza.
    https://www.honestdoor.com/property/...-nw-calgary-ab

    Last sale had it at $9M. Still a $3M lost.

    I wonder if they will add that 12% fee on top as the final sold price.

  2. #42
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    Quote Originally Posted by Buster View Post
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    They ate $5MM in depreciation since 2013? yowza.
    Its a fixer upper.
    Too loud for Aspen

  3. #43
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    Quote Originally Posted by JordanLotoski View Post
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    No, I dont have 6m to spend on a home
    Thoughts on 6mill? Do you think that it's still overvalued? I assumed in the 4-4.9mill range but will sell around 5.5 (Overvalued)

    If you are allowed to give your opinion, I think 9 Million was just way to much for that home, 6 mill seems a bit steep to me, but that land must have some value so I might be wrong..
    Originally posted by beemerm3
    so if we only seen 5 % of the oceans why not drain them or somethin lol or can u even transfer water from one ocean to another??? think of all the stuff u'd find treasures n eerything.

  4. #44
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    6 mill seems like a lot for that house... But, it is a nice location if you want to be close to DT and have the view.
    Nice though there was a buyer willing to pay 6 mill for that.
    Last edited by Disoblige; 11-21-2019 at 12:48 PM.

  5. #45
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    Am I Marth if I say they only paid $5.28MM because I believe the auction commission comes out of the sale price?
    I think someone said it was 12%, no?
    Last edited by ThePenIsMightier; 11-21-2019 at 05:18 PM.

  6. #46
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    $6 million house at the corner at Crescent Road. Then 3 houses down at 610 Center Street A NW, you have this beat down house. How much is that house worth? HonestDoor says $629. Its beside 3 nice nice houses
    Originally posted by GTS Jeff
    You know those bored stay at home moms who's entire lives revolve around driving their kids to soccer, various cleaning accessories, and worrying about neighbourhood rapists? The kind of people that watch the View and go "uh huh..." Those unfulfilled people who try to fill the void in their empty lives by writing whiny letters to the editor complaining about shit that no one really cares about?

    Well imagine if instead of writing that letter to the editor, she just posts on a car forum for car enthusiasts. That's Kritafo.

  7. #47
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    Quote Originally Posted by ThePenIsMightier View Post
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    Am I Marth if I say they only paid $5.28MM because I believe the auction commission comes out of the sale price?
    I think someone said it was 12%, no?
    That's not how auction works. Whoever bid $6M will have to pay $6.72M to close.

  8. #48
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    Quote Originally Posted by Xtrema View Post
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    That's not how auction works. Whoever bid $6M will have to pay $6.72M to close.
    Correct. The Buyer pays a 12% premium above the high bid and the seller may also pay a 2% commission to an agent that brings the winning bidder to the table. So, seller's net would be ~$5.88mm; buyer's total is $6.72mm


    A friend that's redeveloping some properties along Crescent Road was pleasantly shocked at the result of the sale.
    Last edited by you&me; 11-21-2019 at 05:56 PM.

  9. #49
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    Quote Originally Posted by you&me View Post
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    A friend that's redeveloping some properties along Crescent Road was pleasantly shocked at the result of the sale.
    I think I don't want to be near center st when/if that greenline comes thru in whatever form it will be. All the exhaust from center st is bad enough already. If I'm paying that kind of money and wants downtown view, I would rather be near 4th/5th/6th St. as possible, away from major arteries.

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