As we wrote this past October:
Purchased for $820,000 in May of 2004, [595 32nd Avenue] was resold in July of 2005 for $1,200,000. Bought back by the bank this past January, 595 32nd Avenue was listed a month ago for $774,900 and recently reduced to $774,700.
And while the MLS was just updated, apparently the bank owned sale of 595 32nd Avenue closed escrow on 02/08/2010 with a reported contract price of $687,000 (16 percent under its 2004 price and 43 percent under 2005).
∙ Buy, Sell, Repeat, Retire…And Then The Music Stopped [SocketSite]