Ah yes, our and faithful friend that we have dubbed "The Roof". Surprisingly, even with the tremendous explosion in resell homes that is being currently reported, buyers have overlooked this gem. Here is the original article.
History:
Date unknown: Purchased or refied for over $300k
4/18/2006: Asking $500k
2/9/2007: Being offered as REO for $238k
3/1/2007: Reduced price (REO) for $234k
3/23/2007: Reduced price (REO) for $230k
The lender has taken quite a hit on this property so far. There was a lender "take back", shown as the "recently sold price" for $321,233. So, if the lender sells for $230k, the lender loses approximately $91,233. Ouch! Someone did not do their due diligence here.
And of course the always germane and relevant Zillow puts the Zestimate price for this lovely estate at $482,139. Obviously, someone can get a steal if you hurry.
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