Thursday, April 30, 2009

More Vo Real Estate for Sale: Memorial Mansion with Multiples

As recently as last Friday, the home owned by State Rep. Hubert Vo and his wife in Memorial’s Rivercrest subdivision was listed on HAR as “Option Pending.” Then — by yesterday — it was back on the market. Did something happen to disrupt a potential sale?

The new, 23,000-sq.-ft. “awesome Mediterranean estate” at 31 W. Rivercrest has been listed at the same price for 21 months.

What’s the story? A comment posted to HAIF last November offers some clues:

That house is a disaster. I believe, it was, initially being built for Rep. Vo, but when the budget quickly ran out and then they realized it wasn’t worth what was spent on it, it has been a mess trying to get rid of the thing.

I met with an agent that was showing the house privately about a year and a half ago just before I started a project down the street and she eluded that it was initially being offered, still incomplete, for 7.5mm. So far as I know, it is STILL incomplete and has dropped a lot. Eventually, they will have to liquidate it. I wouldn’t be surprised if it is a tear down with as hideous as the house is.

The actual $4.7 million asking price has in fact held steady. For $200K less than Vo’s other real-estate offering, you get a 2.66-acre lot, an enormous brick home with 5 stairways, 2 attached garages holding a total of 8 cars, plus a separate guest house. And it’s all almost complete!

But this isn’t just your typical Memorial mansion for column-and-arch-crazed empty-nesters! Everything about this home — from its 8 bedrooms, 9 full baths, and 2 half baths, to its dual Master Bedroom suites — is tailor made for occupancy by large numbers of people!

No comments:

Post a Comment