I last featured 819 Pier back in June 2009. The property was being marketed as a short sale for quite some time.Previous Purchase: 3/2/05 - $711,000
Listing History: 4/25/08 - $1,085,000
Reduced: 06/04/08 - to $995,000
Reduced: 07/16/08 - to $949,000
Reduced: 09/11/08 - to $895,000
Reduced: 09/19/08 - to $849,000
Reduced: 10/15/08 - to $749,000
Reduced: 10/28/08 - to $695,000
Reduced: 11/14/08 - to $645,000
Reduced: 01/06/09 - to $625,000
Reduced: 04/02/09 - to $599,000
Reduced down to - $550,000
SOLD: 12/18/09 - $560,000
Before you look at this and think it is a huge rollback, it is important to look at the purchases made on this before 2005.
3/9/04 - $525,000
11/7/02 - $406,000
The sale price increased by almost $200K in the year between 2004 and 2005...fraud? really hot market? all of the above?
But no matter how you look at it, someone just bought this at a late 2004/early 2005 price. Not all that great in my book.
"But no matter how you look at it, someone just bought this at a late 2004/early 2005 price. Not all that great in my book."
ReplyDeleteBut look at all they get for their money!
For only $560,000, this genius of a buyer just got . . . a dirty little shack! located next to . . . two dirty little shacks!
ReplyDeleteIt's also extremely close to Lincoln, for any late night desires one might have.
ReplyDeleteThe lot is good sized and has possibilities. The problem is the neighboring houses. I'm afraid the buyer will have to wait for the next run-up so that the entire near area can get developed. It can be a good spot and Lincoln Bl. really has everything one needs.
ReplyDelete