As we wrote about 1310 Minnesota Street #206 when listed for $609,000 in April 2007:
It was on the market for a month before being reduced $30,000. And yet according to the listing, it’s now priced at “30K under Market Value!!” We’re still scratching our heads. And wondering when the market stopped determining “Market Value.”
The property ended up selling for $599,000 a month later before being taken back by the bank this past May. And today, the one-bedroom condo returned to the market asking $399,500 but requiring a “cash buyer” this time around.
∙ Listing: 1310 Minnesota Street #206 (1/2) 877 sqft – $399,500 [MLS]
∙ Not Quite “Instant Equity” (But Close) [SocketSite]