The home is very tastefully appointed. Whether the market value is $4 million or $10 million is one thing. Does that change the value of a home to you?
Yes, house values collapsed from 2007 to 2011 and have since rebounded.
https://fred.stlouisfed.org/series/CSUSHPINSA
I don’t know the specifics of this house, its market and so forth. Looks like the couple bought at the top and suffered a big loss as the market collapsed. Maybe the assessor has been slow in reappraising homes in Atlanta since 2011. Check out this home, which looks roughly comparable. It’s listed at $10 million and has been on the market for a year and a half. Maybe the Atlanta market remains soft.
https://www.zillow.com/homedetails/50-Valley-Rd-NW-Atlanta-GA-30305/35902425_zpid/
Trump made a lot of money buying in down markets. Depending on how confident you are that the city will recover (and I’m not confident that, e.g., New York City will recover), this ongoing COVID situation could be a tremendous buying opportunity for somebody who can put deals together.
In california all of the home values in the central valley have been skyrocketing!