I laughed at the NMNA tag in the subject line.
I laughed at the NMNA tag in the subject line.
I'm a bit surprised Frenchy isn't all drooling over this.
Streetwiseguy said:I'm a bit surprised Frenchy isn't all drooling over this.
It's harder to type with only one hand?
:-P
In reply to Streetwiseguy :
Indiana is too warm for him.
STM317 said:mtn said:The biggest problem with the price is finding someone who can afford that who wants to live in Columbus.
Cummins is HQ'd in Columbus. Some of their top management does well enough to swing a place like that. And it's about 50min from downtown Indianapolis and 70min from Louisville too which expands the pool a bit for high profile white collar types, professional athletes, and wealthy motorsports businesspeople.
The road it's on would be a pretty cool hillclimb venue. As for the house itself, the wall in the bar is the only part that really does it for me:
Well aware. But you still have to find someone who wants a place that looks like this, doesn't already have something like this, and wants a hunting retreat rather than just a lot of land or a lake house.
I could see John Schattner doing it. I could see it as a place for Mike Pence, though there is no way in hell he could afford it. After that... I don't see the Simon's or the Irsay's ever living in a Bass Pro Shops. I don't think that even Cummins CEO could quite swing a place like this, if internet reports of his net worth are directionally accurate. As far as pro athletes affording something like this... Well, honestly, not too many ever could. In Indianapolis, you're looking at Payton Manning and... Well, that is probably it. $30M for a place to live is just on a whole 'nother level of wealthy. Unless you're talking about running it as a business - rent it out for $20,000 a night type of deal.
The big problem is that you're comparing to this place at about 2/11 the cost with much broader appeal (though only 14 acres), or This place, that is kind of the middle ground between them. Many would like Tony Stewart's place better than either of these two, but not $25,000,000 better.
I am guessing my dream of him being a indycar owner and racing one more Indy 500 is over.....
mtn said:The biggest problem with the price is finding someone who can afford that who wants to live in Columbus.
I got a job offer at a company I've been dying to work for out in Columbus, I was about to accept it until I went out there.
Yikes is all I can say about it.
hunter47 said:mtn said:The biggest problem with the price is finding someone who can afford that who wants to live in Columbus.
I got a job offer at a company I've been dying to work for out in Columbus, I was about to accept it until I went out there.
Yikes is all I can say about it.
I'd do it in a heartbeat. But I've got roots in the area. It would be a very hard sell for my wife. I also have a lot of family that have done very well for themselves in the area, and they regret not getting out (or, in some of their cases, coming back).
In reply to mtn :
The 2 stipulations were "people who can afford that" AND "who wants to live in Columbus".
If you had $30 million, you might choose somewhere else to live. 
SV reX said:In reply to mtn :
The 2 stipulations were "people who can afford that" AND "who wants to live in Columbus".
If you had $30 million, you might choose somewhere else to live.
I was trying to think of how much money I'd need to have to spend $30 million on ANY property!
SV reX said:In reply to mtn :
The 2 stipulations were "people who can afford that" AND "who wants to live in Columbus".
If you had $30 million, you might choose somewhere else to live.
3 stipulations
1. Can afford that
2. Want to live in Columbus
3. In a Bass Pro Casino
I think everybody is missing a key sales demographic.
How many rednecks would pay $5-10k to get married in a bass pro?
Book 20 weddings a year and overhead is covered.
I spend my bored can't sleep time looking at properties in this price range that I'll never be able to afford. A big thing I've noticed, especially with "boutique" properties like this is the push for weddings and corporate event rentals as possible uses for your $30 million dollar mansion.
I bet with proper advertising and possibly a lax interpretation of state law, someone could break even on rentals and retreats after a few years.
In reply to RevRico :
I attended a corporate event at this dream ranch when the guy from Caterpillar owned it. You might have a good idea here.......
Streetwiseguy said:I'm a bit surprised Frenchy isn't all drooling over this.
It's not hand hewn
In reply to RevRico :
Some states you can only host x amount of events in your residence before you have to rezone for commercial. Then your taxes become something else.
Steve_Jones said:Streetwiseguy said:I'm a bit surprised Frenchy isn't all drooling over this.
It's not hand hewn
Reminds me of a certain argument about roof angles lol
mtn said:STM317 said:mtn said:The biggest problem with the price is finding someone who can afford that who wants to live in Columbus.
Cummins is HQ'd in Columbus. Some of their top management does well enough to swing a place like that. And it's about 50min from downtown Indianapolis and 70min from Louisville too which expands the pool a bit for high profile white collar types, professional athletes, and wealthy motorsports businesspeople.
The road it's on would be a pretty cool hillclimb venue. As for the house itself, the wall in the bar is the only part that really does it for me:
Well aware. But you still have to find someone who wants a place that looks like this, doesn't already have something like this, and wants a hunting retreat rather than just a lot of land or a lake house.
I could see John Schattner doing it. I could see it as a place for Mike Pence, though there is no way in hell he could afford it. After that... I don't see the Simon's or the Irsay's ever living in a Bass Pro Shops. I don't think that even Cummins CEO could quite swing a place like this, if internet reports of his net worth are directionally accurate. As far as pro athletes affording something like this... Well, honestly, not too many ever could. In Indianapolis, you're looking at Payton Manning and... Well, that is probably it. $30M for a place to live is just on a whole 'nother level of wealthy. Unless you're talking about running it as a business - rent it out for $20,000 a night type of deal.
The big problem is that you're comparing to this place at about 2/11 the cost with much broader appeal (though only 14 acres), or This place, that is kind of the middle ground between them. Many would like Tony Stewart's place better than either of these two, but not $25,000,000 better.
I don't think you have to be worth $100mil + to own a place like this. Anybody with income in the $5-10mil/yr ball park could swing a mortgage for a place like this (if such a thing exists at this level) within traditional guidelines for affordability. Especially if they likely had equity from some other very nice place to chip in. That opens up the pool of potential buyers a bit more from single digits to "dozens!".
The problem is still the uniquely tailored attributes of the place, and finding that right fit. I don't think they'll get $30mil. This type of property takes a very long time to sell (if they sell at all). And they often sell for quite a bit less than initial asking price. And of course as the price drops, the pool of potential buyers grows.
So, if this is the outgoing Tony home, where/what is the new place?
Watching that garage video, it would be no small feat to move that entire garage/commercial building.
yupididit said:In reply to RevRico :
Some states you can only host x amount of events in your residence before you have to rezone for commercial. Then your taxes become something else.
These types of properties are rarely owned by the person themselves, but by LLCs the person owns so they cover their assess a bit or protect their privacy at purchase. People that have "buy a $30 million house" money have businesses already, most of the time, it's just another line in a portfolio.
Just going by what I've seen shopping stupid expensive properties, anything that isn't an apartment and sells for more than $10 million (yes, there are idiots that pay $10+ million for a berkeleying apartment, not the building, just the apartment) is rarely purchased as a residence, but more a high end rental property. Whether that is event services, retreats, renting out for movie sets, or the new trend of renting to influencers, they very rarely wind up as primary or secondary residences.
In reply to STM317 :
I don't think it is quite the same. You can't quite get a mortgage for this. This is quite a bit riskier for any bank - not just for the size of the loan, but also for the fact that you have to sustain that $2,000,000 annual "mortgage" payment for 30 years. Athletes are notoriously bad with their money. Businesspersons really have to be in the elite to be in that category. I just don't see many people that are able to get a loan for this, if they can't afford it outright, are willing to get a loan on this, and want something like this... in Columbus of all places.
In reply to John Welsh :
Like STM317 indicated, this could be his primary residence for another 10 years or more. Michael Jordan's mansion has been for sale for 10 years, starting at $28M and now at about $15M. Michael Jackson's Neverland ranch took 5 years to sell, and was originally listed at $100M before selling for $22M (though that one probably had enough bad juju to make it a very hard sell). And both of those are probably good comparisons, just because they're so weird - Jordan's house is as weird and polarizing as this one, though in the opposite direction; the house on Jackson's was normal, but everything else about the property was absolutely bonkers. And that one was about 5 times the size!
I think I want about a 3,500 sqft home on about 100 acres. Seems sufficient for me.
yupididit said:In reply to RevRico :
Some states you can only host x amount of events in your residence before you have to rezone for commercial. Then your taxes become something else.
AirBnb?
You'll need to log in to post.
