- Sep 17, 2002
46er:A lot depends on the financials of the business; not sure how well that was going. She did have a couple running a café a few years back, but apparently did not work out. Being on the national register of historic sites doesn't help. Lots of restrictions probably comes with that.
There was around a 45 acre parcel for sale in Chatsworth on 532, the east shore of the lake, no building allowed. Sold in a heartbeat. I don't think Marilyn would be very happy living in a gated retirement community.I think with 500,000 bucks I'd by 500 acres of land and live in a camper. Something tells me she doesn't really want to let it go and hence the unrealistic price.
That is correct. For example, if a building owner used federal tax credits to restore a historic building for a commercial purpose, then the owner is bound by the existing regulations of the AHPA. A good example of this is the Victor Building in Camden, where Philadelphia developer Carl Dranoff took a former industrial building and converted it into an apartment building. If I recall correctly, Dranoff sold 36 million in tax credits to people of means to fund the restoration and adaptive reuse while the purchaser received a large tax credit to offset their tax liability.Unless there is fed money attached to the property.
If memory is working, I think the asking price was surprisingly low, downright cheap. It is no longer in the listings. I guess you could put a trailer on it.does a stipulation like "NO Building" reduce the property value? You would think it would whenu own and pay taxes on property you can do absolutely nothing with.