RSF wouldn’t really lend itself to ppsf or rental percentages like a tract home or a normal home, that’s a niche market, an extreme niche. It will certainly not compare to a a condo or even a ghetto house when comparing rent to purchase ratios because they are rarely rentals and they don’t pencil out as rentals very often. Unfortunately, to get a feel for it’s value you are stuck with normal comps and historical prices for the immediate area.
Patb, if you are not familar with that area, it’s Bel Air of sorts, only about at thousand houses and loaded with celebs, hard to valuate using conventional methods.
Check the notable residents list near the bottom, it’s actually missing some that I know of personally and I’ve never been there.
I’d say 2001 pricing is a safe play and was always the goal when this thing started, regardless of the zip code (except for detroit).
Enjoy the pad, what a cool place to live, I could never live there, I’d be drunk all the time. I’d be at the local watering hole every night and at every BBQ I could crash every day, there are just too many people there I’d want to get drunk with to hear their stories. Lefty, Pete Rozelle, Bill Gates, Luke Walton, Arthur Laffer just to name a few, I’d need a new liver every year. Can you imagine being drunk in a bar or at a party with a bunch of guys and you keep trying to get Arthur to say “vooodooo economics” in Ben Stein’s voice from Ferris Bueller, anyone, anyone. I’d laugh till I vomited. Plus I’d probably try to hit on Janet Jackson, Jenny Craig and Juice Newton so many times there would be restraining orders against me (and that’s just the J’s).
