West Vancouver mansion sells for $3M more than assessed value amid pandemic

The owner had originally asked $7 million more for the West Vancouver property

A West Vancouver mansion, which had a property value that plummeted 13 per cent this year, was sold this summer for $3 million more than its most recently appraised value – $6.7-million.

Interestingly, the selling price was approximately $7 million less than the owner originally wanted for the house.

article continues below

After being listed for a year on the market by Sutton Group-West Coast Realty the property located at 1526 Chartwell Dr. was sold for $9.5-million in August, according to figures obtained by a real estate tracking site.

Advertisements online boasted the property hosted an eight-bedroom and nine-bathroom home, with a seven-car garage, swimming pool, and elevator.

As of July 2019, appraised the West Vancouver luxury home was appraised for $6,698,000 by B.C. Assessment.

The evaluation was $3,225,000 for 17,000 sq.ft. of land, and $3,473,000 for the house itself.

In the year previous, B.C. Assessment put the value of the home at $7,716,000.

Read the original article here.

Read Related Topics

© North Shore News

Read more from the Vancouver Is Awesome

Report a Typo or Error


NOTE: To post a comment you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Google+ You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The North Shore News welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus

Popular Real Estate

Popular News

Community Events Calendar