3750 sq ft bland home with very little upgrades. Purchased in 2005 for 750K w/ 100% financing. On market for over 1 year starting at 820K. Last listed at 650 to 699K trying to get a short sale before end of 2006 then as an REO at 698K for the 1st 3 months in 2007.
There are currently 15 homes for sale in this tract which cant be bigger than 200 homes. There are 3 pending and 4 have closed in 2007. All the closed sales were 2300 to 2600 sq ft models at prices between 525K and 570K. There are 5 of the 3000 sq ft plus homes on the market at prices from 650K to 800K.
With the 5% added to 615K it’s a sale at $650K.
Verdict… No deal here! This house sold more or less at retail.
