Posted February 06, 2019 08:00:17By now, we’re well into the bozo-real-estate frenzy, but there’s one thing you don’t need to have heard before: the deal was reportedly worth around $30 million.
According to a new report, that figure is not only a high-water mark for the deal, but is also what would have likely netted Bozeman Real Estate commission (which is the firm responsible for the $30m) and property taxes.
The report, from real estate firm Citi Research, was released Monday morning, and it reveals that the deal is worth an estimated $33.5 million, which includes $18 million from the Bozerman team.
It’s not entirely clear what the team is paying for the land, but it’s thought to be at least $5 million for the actual site itself.
The Citi report goes on to state that the price tag is “the most likely estimate,” and adds that the Bozymans are paying “approximately $30-35 million in commission” for the property.
It also notes that the property’s current assessed value is $15 million.
The land purchase price has not been made public, but the Citi team did state that it was worth “a few million” at the time the deal came to fruition.
The real estate commission would be paid to Bozmans property, while the real estate taxes would be handled by the Bozermans.
The Bozyman team also reportedly told Citi that they have “many additional options” for acquiring the property, and that the team “could take additional steps to ensure the best possible outcome for all parties.”
The land sale price is being speculated to be around $45 million, though the firm would not say what the actual amount would be.