Monday, November 8, 2010

Price Reduced Again: Patricia Kluge's "Albemarle House" Asking Price Slashed Another 50% to $24 Million

From $100 Million in October 2009, to $48 Million in February 2010, to $24 Million November 2010.  It remains the priciest property in Albemarle County, and one of the priciest in the United States.

See the listing under "Price Reduced" at Trulia.

The Kluge Estate Winery is facing $35+ Million in foreclosures,  and Kluge also faces a personal lawsuit related to the loans.  Additionally, Kluge is said to owe Albemarle County $86K in property taxes.

Photo copyright WSJ.

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