The list price for the short sale of 733 Front Street #407 has been reduced to $499,000.
Once again, the one-bedroom was purchased for $730,000 in September 2007, listed for $760,000 this past January, reduced to $730,000 in February, reduced to $629,000 in April, and for the past three months it had been listed as a short sale at $549,000.
The listing still lacks any mention of bank pre-approval, however, but a sale at the new list price would represent a 32 percent drop in value for the Jackson Square condo over the past three years.
∙ Listing: 733 Front Street #407 (1/1) – “$499,000” (Short Sale) [MLS]
∙ In The Red At 733 Front Street Down In Jackson Square [SocketSite]