Yeah, I can’t imagine how much more they sunk into it. I talked to someone that said they know the owner and a fortune was sunk into it. (The Redfin listing says $350,000 was sunk into it but I heard it could have been more). It will be interesting to see what the sale goes through for.
It looks like it fell through a few days ago but someone else swooped in. The low list price is $1.1 million which at that size and for the upgrades seems reasonable. It sits on over half an acre. If I didn’t already buy I might have been interested in it.
I can’t imagine what they spend in maintenance fees at the Crosby. I know in Santaluz it’s almost $1 million a year.
Totally strange to see big houses like that with only 2 bedrooms. Even for retirees.[/quote]
I doubt they would understate the total cost of improvement on the realtor write up. $350k sounds about right. that would make it more than half off!
