Residents of an exclusive San Francisco street didn’t pay their taxes. So someone bought their street.
Can you buy a city street? Is that even possible?
Residents on Presidio Terrace, the oval-shaped privately owned street commonly known as one of the most exclusive communities in San Francisco, learned the answer the hard way. Tina Lam and Michael Cheng of San Jose said that in 2015 they were look at parcels being auctioned online by San Francisco’s tax office when they saw a description of “this odd property in a great location.”
“Part of Pacific Heights, the right location, land in a good neighborhood. We took a chance,” Cheng told the San Jose Mercury News. He said they bought the land sight-unseen, beating out 73 other bidders and dropped $90,000 for the street and its common areas.
In an expensive city, the homes on Presidio Terrace are in a league of their own. One had an asking price of $16.9 million last year, which dropped by $2 million. It’s a steep price to be neighbors with the likes of Sen. Dianne Feinstein and House Democratic leader Nancy Pelosi, who have called the street home.
Comentarios
Publicar un comentario