[quote=permabear][quote=HomeShopping]Nice interior upgrades, full golf course view of hole 1. If someone can get this one for around $1.2 million, that would be a pretty good deal.[/quote]
Nah, that’s not a deal. At all. That sold for $1,045,000 in 2003.
Sold for $2.53M in 2007, just resold for $1.45M. So basically, a $1M discount.[/quote]
Looking at the history on redfin – it looks like it was bought by a 3rd party at the steps for 1.065M and immediately listed for 1.69M. It wasn’t a REO – but it had been foreclosed on. The investor was smart – dropped the price regularly till they got a bite. They still made a few hundred thousand.
