8 Things You Need To Know About Warren Buffet's Home

Posted by on Friday, May 1st, 2015 at 9:24am.

This weekend's Berkshire-Hathaway shareholder's meeting will attract thousands of people to Omaha, but their interests won't solely be focused on what's happening at CenturyLink Center.

Hundreds of visitors will pay homage to investment wizard Warren Buffett by traveling to the billionaire's Omaha home.

We're just warning you – you're going to be surprised the first time you see Warren Buffett's house. You're aren't going to believe your eyes. It's that different.

 

 

What you may not know is that, of all the mansionish sprawl which encapsulates the homes of America's most famous businessmen, Warren Buffett has managed to remain untouched and unspoiled by the pressure to express wealth through gaudy properties as big as neighborhoods and homes which make your jaw drop.

The ingenious investor's unassuming house is located in an upscale neighborhood amid other homes. Here are what you need to know about the Oracle of Omaha’s home.

1) Location

It's located on the corner of Farnam and South 55th St.

2) When Was It Built?

The home was built in 1921.

 

3) How Much Did Warren Buffet Spend On His Home?

Buffet bought the home in 1958 for $31,500.

4) What Is Its Current Value?

Its current value is about $700,000.

5) How Many Bedrooms and Baths?

The Buffett home has five bedrooms and 2.5 baths.

6) How Can I See It?

The home is visible from the street. Be respectful of the surrounding environment. Don't – as some enthusiasts have done – tear off tree bark, snap off bush branches or dig up a chunk of dirt to save as a souvenir

7) A Great Investment?

According to the financial website Fool.com, Buffet once said his home was the “'third best investment' he ever made, behind only wedding rings.”

8) How Much Are His Property Taxes?

Between the homes of billionaires Bill Gates, Mark Zuckerberg, Larry Ellison, Ira Rennert and Jeff Bezos, Buffett's home is by far the least expensive in terms of property tax. Gates' home fetches the highest tax at $1.03 million per year, while Zuckerberg's $49,260 yearly tax payment is the closest to Buffett's $13,859 property tax payments.

 

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