I wonder what property taxes will be on this

[Value Buy]

www.msn.com/en-us/money/realestate/nobody-wants-to-buy-this-214-room-mansion-in-silicon-valley-thats-on-sale-for-dollar36-million/ss-AApPIPa?li=BBnb7Kz

sounds like the city got a bargain on it when they originally purchased this, but I imagine the property taxes will be huge on this.

[Value Buy]

Aug 11, 2017 11:43:10 GMT -5 @sroo4 said:

Sorry I'm saving my spare change to buy my own island

I imagine the taxes on that are huge too.
Not interested in a three month season on an island.....

[Value Buy]

Aug 11, 2017 12:30:27 GMT -5 @anne81 said:

If I buy an island I want the water to be warm.

It's interesting that Hayes mansion is struggling when there is a shortage of hotel rooms in Silicon Valley. It's far away though.

I imagine it would be an entire gut job for a Silicon Valley type. 
Too old world style for their tastes.
Who wants to remodel 200 rooms?

Surprisingly, I wonder why Google or another internet company does not buy it and house people there that cannot afford to rent let alone purchase a residence in town.
Would be a good public relations move for them.

[cameragrrl]

Aug 11, 2017 13:38:37 GMT -5 Value Buy said:

Aug 11, 2017 12:30:27 GMT -5 @anne81 said:

If I buy an island I want the water to be warm.

It's interesting that Hayes mansion is struggling when there is a shortage of hotel rooms in Silicon Valley. It's far away though.

I imagine it would be an entire gut job for a Silicon Valley type. 
Too old world style for their tastes.
Who wants to remodel 200 rooms?

Surprisingly, I wonder why Google or another internet company does not buy it and house people there that cannot afford to rent let alone purchase a residence in town.
Would be a good public relations move for them.

It's not well located for that.  It would take about 30 mins to get to Apple campus on a good day, 45 to get to Google.  Facebook is even farther north.  If they wanted to do something like that, there are better located options. 

As for property taxes, they're around 1% plus extras (bond measures, sewer etc), it usually comes out to 1.25% on residences, I'm not sure if it's any different for commercial properties, so if it sells for 30M, then 300k per year.