This is the house that some describe as a "small modest colonial"
In my last posting I was analyzing Bernie's finances, which is hard to do based on a single year of tax returns. Funny thing, but this guy who wants to make our government more transparent is very opaque when it comes to his own income - most other candidates have released two, three, four or more years of tax returns (in the case of Hillary, nearly all of them!). What is Bernie hiding?
Property tax records and deeds are a matter of public record, of course, and you can find this data online. Finding his house address online so I could spelunk the database was kind of hard. But after some sleuthing, I was able to find his home address and tax records. The Bill Maher site had a photo of Bernie's house, and this site, had a map with the house which gave a street but no address. Fortunately there is a "fantasy football" company on the same street, which gives an address number, and from that, we can find the range of house numbers.
Zillow provides a list of home prices on the street, but when I click on Bernie's house, they offer no opinion as to its value (they have no trouble doing this with my house!).
The assessors office lists the property under the name of "not available" - obviously the secret service has been at work - good job boys! It took repeated attempts at a number of sites to find his property tax data, but I was able to find it. But I am not interested in knocking on his door (God forbid, he would physically attack me as an evil 1%'er even though his income is about 5 times mine).
According to the tax records, the poor bastard bought the house in 2009 for $405,000.
|Parcel ID||029-3-008-000||Address||Owner(s)||NOT AVAILABLE
|SPAN Number||114-035-12991||Land Use||Single Family|
|Current Assessed Values|
|Total Value||$321,900||Building Value||$231,000||Land Value||$90,900||Yard Items||$0|
|Current Property Taxes|
|Total Property Taxes||$7,889.12||HS-131||Yes||Pct Business||Pct Rental|
(Tax information updated: 7/7/2015 9:30:22 AM)
|Most Recent Sales Information|
|Grade||AVERAGE PLUS||Heat Type||HOT WATER||Heat Fuel||OIL|
|Acres||0.6166||Gross Area||4,280||Finished Area||2,352|
|Building Type||COLONIAL||Year Built||1981||Units||1|
|Rooms||8||Bedrooms||4||Baths (Full/Half)||2 / 1|
When I try to find the value of his home on Zillow, it says "address not found" for every house on the street.
Trulia, however, lists the house as being worth $146,000 which means when Bernie paid $405,000 he paid over double what the house is worth today.
Even if we go by assessed value of $321,900 he is underwater. A nearby home on the same block is for sale for $289,900 - although that appears to be a duplex.
It is hard to say what Bernie's house is worth. If he bought in May of 2009, he bought at the low point in the market - months after Obama was inaugurated and the market had crashed. Was he really that dumb to buy a house for well over market value after the market had crashed? This is what is troubling.