Jun 30

The Value of Bill's Home


I was reading the Wikipedia entry for Bill Gates, and I stumbled across this tidbit about his home:

According to King County public records, as of 2002, the total assessed value of the property (land and house) is $113 million, and the annual property tax is just over $1 million.

One hundred thirteen million dollars? Let’s put that in perspective for those of us that live in Sioux Falls. Here are the top three most valulable properties in Sioux Falls, according to the latest tax assessments:

For those that don’t live in Sioux Falls, The Empire Mall is a decent size mall for any community. The largest in a 200-mile radius at least.

So, no matter which way you cut it, $113 million dollars is an insane amount of money for a home. More than the $90 million estate in the Hamptons that Dave wrote about last week. Almost four times as much as the $32 million home Jerry Seinfeld bought from Billy Joel.

And, alas, more than my home, last time I checked.

(Note: I stole the above image from this page. There are some more good shots of the house there.)


Comments

by dz,   June 30, 2005 10:51 AM  

The price tag is what shocks you? Did you miss the part about >$1 million per year in property taxes? For a private home???


by Dave,   June 30, 2005 11:35 AM  

That reminds me of when one of the local business moguls (Max Pasley) built a multi-million dollar home in Sioux Falls back in the '70's (back when a million dollars was an outrageous amount to spend on residential property.) The uproar over that was a bit amusing; people were concerned that the place would end up as a white elephant for the city if the owner ever decided to move elsewhere or died and his heirs didn't want to keep it. Nobody else in the area would be able to afford to buy it, and it would become a burden on the taxpayers. I haven't heard of what's happened with that place; Deane?

What will Seattle do with their white elephant when Bill kicks the great bit bucket?


by Deane,   June 30, 2005 12:50 PM  

Pasley's house is still there. You used to be able to catch a glimpse of one of the turrets from Southeastern drive, but the trees have grown too high now. He donated a couple dozen acres out the back for the new Pasley park, where the big softball complex is.


by Bill Gates,   July 2, 2005 5:43 AM  

Bill gates changed.. he use to be the well respected software developer from harvard.. now Bill gates is just a greedy monopolist. Trying to increase market share so he can live in gigantic houses.


by tuqqer,   July 2, 2005 8:12 AM  

yeah, I'd respect him much more if he lived in a smaller, less expensive home. $113 million is too much. Here's the scale that would work for me:

$100 million home: I don't like the person $50 to 100 million home: they're too greedy and ostentatious $10 to 50 million home: mainly envious, but they must be a rock star, which is cool. $1 to 9 million home: I'd like to be their friend. I wonder how I can get in on that kind of cash. $250k to 1 million home: I would like these people, and this is in my comfort zone. below $250k home: what's wrong with these folks? Don't they know how to make dough?

I think it's important to have these kinds of scales throughout ones life.


by jamou,   July 2, 2005 9:46 AM  

who gives a rats ass!! I would have the same house if i was bill gates..............assclowns


by Sandro,   July 2, 2005 12:20 PM  

I'm sure he has some valuable art and technologies that would value the total worth of the house over $250 million.


by ,   July 2, 2005 5:30 PM  

I LIKE TO PLUME ON THE SMOKESTACK OF ANTARCTICANIAN ROOFBALLS.


by G,   July 4, 2005 4:02 AM  

There's a house a mile up the road from me, currently the most expensive house in the world. At £75million (US$130million).

I know it has heated driveways which seems a bit mad.


by C,   July 12, 2005 2:59 PM  

wow, i was just randomly browsing the web and found this site.....My brother-in-law just purchased the Pasley house in Sioux Falls. So, yes, it still is there.....its over 11,000 sq. ft.


by EE,   July 12, 2005 4:39 PM  

I just took a dinner cruise last Friday and we passed right by the place--it doesn't look like the picture anymore. The trees planted right along the shoreline have grown much taller now and it's difficult to see most of the house.

You know you're insanely rich when you can purchase some of the most desirable waterfront view property in your area and then plant a bunch of trees which block your view. Of course, Bill has all of those flat-panel screens on his walls, so he can turn on whatever view he wants to have.


by JF,   July 15, 2005 11:56 AM  

You think he's greedy? Maybe, but you also have to remember that Bill Gates is the world's most generous philanthropist, with a charity that he and his wife have endowed with over 7 billion dollars. He donates more to education, health care, poverty, etc than any other person on the planet.


by Random,   July 16, 2005 7:32 AM  

I would love to spend a day with Bill Gates. I wonder what is it like to be the richest person on Earth. Thanks Bill Gates for Windows and thanks for the charity work that you do. Keep it going Champion..


by sakdhfklsa,   July 16, 2005 10:55 PM  

To G: Uh huh sure--- he purchased that house? And what does he do? Liar lol. Why do people have to lie? Geez.


by ,   July 19, 2005 3:36 AM  

um. he doesn't actually live in Seattle. It's in Beaux Arts in Bellevue.


by Richard,   September 10, 2005 8:20 PM  
      This is Richard.I think you should help the victems of the hurcane in New Orlens.

by LLOYDFORTKNOX,   October 8, 2005 10:56 PM  

IF YOU HAVE IT FLAUNT IT BILL. WHY BE ENVIOUS FOLKS. IT COULD BE YOU IN A FEW YEARS. KEEP TRYING.


by TAKE IT ALL AWAY ?,   March 17, 2006 9:56 AM  

When you struggle to get by and make ends meet. It can be frustrating. EVERYONE OF US have the possibilities for Riches. I have no problem what so ever with a person enjoying the fortunes they have. A person will struggle to get a business going, maybe even lose everything they have in order to obtain Riches. They will grow there fortunes. They will enjoy the fortunes. Make more money and Grow even bigger and bigger in the world of wealth. As this happens friend will abort you. People will hate you and it is a cycle of growth that will be hard to endure. The cycle of building a fortune. You will proceed with your dreams make more money etc. Government will tax and investigate you because you are make just too much money. Everything around you will hate and try to destroy your success. Who are your real friend now? His home is his means of escape, it must be big, must have somewhere to go. Mr. Gates and just a normal human on this earth like any other, just have more wealth. Why must we hate people with money, your hate to the people are what keeps you from success in your own life. Yes the rich get richer, but so could you. I hate shoveling snow and would heat my driveway if I could. More positive power to ya Bill


by Mark Sterritt,   April 12, 2006 10:35 AM  

if i had that much money i would give all the people in dungannon it except the porto and just give everyone a millon even thow you earn $600,000 a mouth


by David Steritt,   April 12, 2006 10:47 AM  

There is a house across the road from mym uncle in canada which is meant to be up to $300,000 and that the dearest house in the world


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