Anybody have any insight into this place? Why is it not moving? It has been sitting so long, and through so many reductions, maybe an offer in the low $500s (or dare I say high $400s) may take it.”
I’m pretty sure this place went into escrow last week. A friend of mine was interested in it and made an offer, but the offer accepted, to the best of my knowledge, was about $650,000 in cash. It had a lot of potential but needed a couple hundred thousand in work and seems overpriced considering that. Still lots of knife catchers. I’d wait at least a year on areas like Del Cerro. Don’t impatient. We have nowhere to go but down.
