Previous Purchase: 2/8/08 - $2,400,000
Listing History: 10/23/09 - $2,250,000
Reduced: 06/30/10 - to $2,100,000
SOLD: 9/9/10 - $2,000,000
Last time I featured this house I said it was overpriced and that I thought it would sell for less than $2mm. I was wrong about that it turns out as it sold for exactly $2mm. It is still a neat house but I don't think this was a great bargain or anything for the buyer.
I could never understand the previous sale price of 2.4m. Even at the top of the market, this seemed crazy for a small house (although certainly nice) on a smaller lot. Even at 2.0m, they are paying $1,485/sf on a 7,500 sf lot. Does anyone know if the previous sale was real or a transfer between family members or some other non-arms length transaction?
ReplyDeleteI'll say it. This buyer is an idiot. $2 million for 2 bedrooms? What a joke. Doesn't even have 2 bathrooms to go with it.
ReplyDeleteThe idiot who paid $2.4 million in 2008 got punished and lost $400,000 cash. This idiot will lose about that much by winter of next year.
Yeah, we were in love w/this house. There was actually a third bedroom w/no closet (tiny), and a guest house. Still, overpriced. But beautiful!
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