Tuesday, April 21, 2009

This Week's Real Estate Steal

Good news, house hunters! The Helmsleys' storied Dunnellen Hall, originally offered at $125 million, an asking price later lowered to $95 million, may now be yours for $75 million. So reports The Huffington Post.

1 comment:

Jim Gust said...

Had Leona left the estate to a family member, the federal estate tax alone would have been about $56 million. No downward adjustment permitted for collapsed real estate values more than 6 months after death.

Lucky that she left it to charity, or all the proceeds would have gone to the government and the estate administrators.