I last featured 444 10th back in early February 2010.Previous Purchase: 6/6/07 - $2,950,000
Listing History: 11/13/08 - $3,130,000
Re-Listed: 1/26/10 - $2,800,000
SOLD: 4/2/10 - $2,500,000
This is a large lot (11,250 sq ft) and it came with building plans...it sold for a bit more than I thought but good to see this cleared off the market. A loss of $450k + holding costs + plan costs, etc...
800k+ loss, maybe? OUCH!
ReplyDeleteNot even...sweet lot and plans in pencil by a child architect? Sign me up!
ReplyDelete$450K loss + $100k property taxes + $100k agent selling fee = $650k...
ReplyDeletethen how about cost of funds? Using 5% adds on another $440k.
then how about plans, etc. demo costs?
Seven figures down the tube on this alligator.