Advertisement

Topics

Exclusive San Francisco street auctioned for £70,000 after wealthy residents ‘failed to pay $14 property tax’

03:15 EDT 8 Aug 2017 | Yahoo News

Exclusive San Francisco street auctioned for £70,000 after wealthy residents ‘failed to pay $14 property tax’The wealthy residents of an exclusive San Francisco street have threatened legal action after learning that the communal areas outside their homes have been sold to a private investor for a combined total of just £70,000. Despite the street’s mansions selling for millions of dollars, an unpaid tax bill saw the carefully manicured lawns and pristine pavements of Presidio Terrace auctioned for a mere $90,000. Michael Cheng and his wife Tina Lam bought the gated street and now own the road, footpaths and other areas of "common ground" in the private development.


Original Article: Exclusive San Francisco street auctioned for £70,000 after wealthy residents ‘failed to pay $14 property tax’

NEXT ARTICLE

More From BioPortfolio on "Exclusive San Francisco street auctioned for £70,000 after wealthy residents ‘failed to pay $14 property tax’"

Quick Search
Advertisement