Tag Archives: Square Foot Mansion
Mama’s got the scoopola on the Aikman estate and even unearthed some things I had no idea of! God, “she’s” good. Like didjaknow:
“Mister and Missus Aikman acquired the first parcel of their two-lot compound in April of 2004. A few minutes research did not turn up a sale price but public records Your Mama peeped show the purchase price was high enough they took a seven million dollar mortgage on the property.”
Building or Buying A House? Watch That Square Footage Because Really, Honestly, The Too-Big House is (Finally) Dead
I was with some local Dallas real estate experts yesterday who told me something shocking: in some parts of town, square footage over 6500 square feet IS BEING DISCOUNTED for appraisal purposes. Shocking, shocking news. Let’s say you have an 8500 square foot house: anything over 6500 square feet — 2000 square feet — is now being appraised at one-third the full value, equivalent to storage space. Why? Because increasingly, big houses are being seen as a burden for taxes, utilities, maintenance and repair. Now I’m sure this does not apply to Beverly Drive or Meadowbrook, where the Barretts are building that 26,000 square foot mansion. But it applies to homes in suburban areas and north of LBJ. Any wonder why it is so hard to unload some of those gorgeous but enormous mansions in Preston Trails? Or Flower Mound?