I last featured 209 Euclid in February 2010.To refresh...Details: 5 bed/6 bath 6,859 sq ft house, 7,500 sq ft lot, 2004 construction
Previous Purchase: 8/13/04 - $3,950,000
Listing History: 2/5/09 - $4,400,000
Reduced: 04/02/09 - to $3,999,000
Reduced: 06/11/09 - to $3,899,000
Reduced: 07/31/09 - to $3,800,000
Re-Listed: 2/23/10 - $3,795,000
SOLD: 4/23/10 - $3,690,000
...BUT WAIT...now in the description of the property we find the following disclosure:
Buyer is a real estate broker, sales price adjusted by buyer's commission.
I don't work in the business but to me this means that rather than pay out any commission to the buyer's broker (since the buyer is representing him or herself), the seller is lowering the sales price. So to find the true sales price we need to bump the price up by a bit (2.5% or so of the "true sales price").
ADJUSTED SALES PRICE ~ $3,785,000
As I have said before, I think this segment of the market offers the most relative value because there isn't any bogus government money or first time buyer credits, etc in this segment of the market. This is well into 2004 territory.
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