Park Boulevard West is located in the East Village/Ball Park District, note there are several new projects coming online with brand new units that are unsold. The price action in that part of the downtown market should be quite interesting in 2007.
This property has been on the market for awhile and had just sustained another $30,000+ price cut.
This latest price cut moves the list price of the unit very close to the original developer price set almost three years ago.
The price cut history is also of interest:
Price Reduced: 09/28/06 -- $364,900 to $358,900
Price Reduced: 10/02/06 -- $358,900 to $354,900
Price Reduced: 10/20/06 -- $354,900 to $344,900
Price Reduced: 11/24/06 -- $344,900 to $332,900
Price Reduced: 01/23/07 -- $332,900 to $299,900
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Type: Listed on MLS(#061069101)
List Price: $299,900
Loss@6% Sales Expenses: $98,094
Purchase Date: 11/05/2004
Holding Period: 26 months and counting...
Square Feet: 689
Purchase Details: view