This will probably end up being recorded as a $595K sale. What won’t be shown in the county record is the $40K in buyer kickbacks/cash back that they’ll have to agree to to unload it. This will allow them to save face and tell their friends that they sold the home for $600K and are big real estate geniuses. They will then take their proceeds and leverage them into a $1M home somewhere. This thing is nowhere near unwinding yet, it’s gonna take time folks…

Also, by my reckoning that beauty is $450sf at $550K. Must be those great South Park schools…