Friday, July 1, 2011

Distressed Lakefront Property Short Sale Finally Closes

As the book closes on 38 SHINGLE CAMP Ter we are reminded of the tortured listing history that we have tracked over the last few years. Check here to see all blog posts referring to this property.

Final June 2011 sales price: $860,000; May 2006 purchase price: $1,307,000; May 2010 list price: $1,299,000. For what it's worth, the recent sale price is nearly 35% less than the 2006 purchase price, which might be a new benchmark to help reset those buyer/seller expectations.

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1 comment:

short sale said...

Thanx for information on lakefront property, about short sale . iam looking for your upcoming valuable post.