This loss is so large that I have to wonder if the sale in 2006 was fraudulent, a clerical error of some sort or the buyer was extremely uniformed. That said a large unit like this could have sold for around this price at the high point in the market.
Type: Listed on MLS(#076032940)
List Price: $787,900
(Range priced $787,900 to $787,900)
Loss@6% Sales Expenses: $359,374
Purchase Date: 06/05/2006
Holding Period: 11 months and counting...
Square Feet: 1609
Purchase Details: view