Substantial loss on a this small one bedroom condo in UTC.
I think this is a great example of the risks involved with overpaying for an apartment conversion condonium.
The price reduction history shows a once optimistic owner that has since cut the price substantially below cost from less than a year ago.
Price Reduced: 05/14/06 -- $359,900 to $270,000
Price Reduced: 06/12/06 -- $270,000 to $240,000
Type: Listed on MLS(#068035634)
Resale Price: $257,435
(Range priced $240,000 to $274,870)
Loss@6% Sales Expenses: $86,011
Purchase Date: 11/29/2005
Holding Period: 11 months and counting...
Square Feet: 600
Purchase Details: view
Thanks to PerryChase from the Piggington.com site forums for pointing this property out!