100 Million house kitchen(值也不值)
Last year tech billionaire Yuri Milner dashed sales records in California when he paid an astounding $100 million for a Silicon Valley mansion.
A year later, the tax man disagrees with its worth. On Tuesday the Santa Clara County assessor told the Mercury News that the estate, known as Palo Alto Loire Chateau, is worth markedly less than Milner paid for it: $50.27 million, to be exact. It means Milner, an investor in Facebook and Groupon, shelled out 100% more than the estate is arguably worth by market standards.
“For whatever reason, and we don’t know, Mr. Milner purchased the property at more than its fair market value,” explains Larry Stone, Santa Clara County assessor. “It doesn’t happen very often and we knew at the time that it was unusual…since the highest assessed residential property in Silicon Valley prior to that time was $28.5 million.”
