This property has a number of interesting things going on, another $100,000+ loss, the third unit featured from Little Italy's Village Walk development and most interesting is the text from the MLS listing:
"Wow!This condo is priced $111,000 less than paid for 2 years ago!" This is the first time I've seen the market downturn acknowledged in a MLS listing.
Also this condo is hitting the market on day one with such a reduced price relative to where it sold in October 2004. Many of the properties that I've featured on the site have been on the market for quite some time before the owners cut the price to become realistic.
Type: Listed on MLS(#066072619)
Resale Price: $519,000
Loss@6% Sales Expenses: $142,140
Purchase Date: 10/13/2004
Holding Period: 22 months and counting...
Square Feet: 1264
Purchase Details: view