It just closed on June 1, 2007 at $490,000. That broker (Katie Taylor) sells a lot of the foreclosure properties.

There’s another foreclosure property for sale on that street that’s 400 SqFt larger, listed by a different broker for $550,000. My guess is that property will probably go for a skosh less because of what happened to the above sale.

Both of these properties sold for about $100,000 more in 2005, so these are some pretty significant losses.