find out what Your
home is worth!

 The Country’s Most Expensive Real Estate

 brought to you by The Castles by Chrissy Team

River West Community
4248 Rivergreen Drive, #314

$250,000

• Fantastic brand new condo conversion!
• In the most ideal location between popular Vinings and Buckhead
• A condo that feels like home – with four different levels of living!
• Gorgeous kitchen with new cherry cabinets, granite counters and backsplash
• Elegant Dining Room with hardwood floors overlooks a spacious Family Room
• Two separate bedrooms and baths with full size walk in closets
• Plus a two-car garage!  Gated community, with swim, tennis, work out facility, concierge, club house and much more!
• View the property at www.castlesbychrissy.com 

****If you know a friend, family member, or coworker who would like their home featured
as the "Tuesday Tour" email the details to CHRISSY@CASTLESBYCHRISSY.COM ****

Tuesday’s Tip

What Would the Whitehouse Cost?

Whether it’s George W. Bush or John P. Kerry, the winner of the presidential election in November will have a lot on his mind.  But at least he won’t have to worry about affording  $106 Million to buy the White House.  That’s the market price for the colonial style mansion at 1600 Pennsylvania Avenue, according to veteran real estate practitioners who priced the house for HouseValues, Inc., a Bellevue, Wash., company that provided market value estimates to homeowners and lead generation and prospect management services to practitioners. The house comes with its own dentist office, movie theater, bowling lane, and running track-but it has a few negatives, too.  It’s open to the public, so privacy can be a problem, at least during visiting hours, and the west wing is and add-on, albeit a pretty nice one.  Also, contrary to popular belief, George Washington never lived in the White House.

Interested in this 132-room house with 39 baths and 29 fireplaces? Here is what it would take*:

Income to qualify: $18,000,000
Down Payment:   $10,600,000
Monthly Payment:  $667,000

*Based on 10% down and a 30 year fixed-rate jumbo mortgage loan at 7.5%

Source: Realtor Magazine

Top Ten Most Expensive Homes In America:

Our list of the Most Expensive Homes in America--which includes the top ten priced homes publicly listed (as opposed to properties that are privately shopped around)--saw the average price rise to $49.05 million from $48.4 million last year. The least expensive home on the list is $38 million. There are seven new houses this year.

Taking the top of the list is the home of Cheryl Gordon, widow of real estate mogul Edward S. Gordon, founder of Edward S. Gordon Co., which was sold to Insignia Financial Group and renamed Insa/ESigniG, and later acquired by privately held CB Richard Ellis.

Called Three Ponds, the Bridgehampton property on New York's Long Island was listed last August for $75 million. Although the property isn't on the ocean, the estate has a U.S.G.A.-rated golf course, with nine drilled holes designed to be played in both directions; a 25,000-square-foot main house; 65 acres; and three ponds, one of which is so large it's described as lakelike.

Another newcomer to the list is Bernard Marden's estate in Palm Beach, which is listed for $40 million. Pop star Michael Jackson looked at the house in December 2002 before reportedly deciding that the 22,900-square-foot mansion wasn't quite large enough.

Finally, squeaking in at last place is a $38 million Palm Beach mansion, thought to be the most expensive speculative property ever developed there. The house, built by Addison Development, has 274 feet of ocean-to-lake frontage, nine bedrooms, 12 baths and deeded beach rights. 
 

 Source: Forbes.com