Listed and sold for $699,000 back in 2006 when the Lansing’s sign spinner was holding court on the corner of first (and perhaps could have qualified for the loan), this past September 50 Lansing #305 was taken back by the bank having been financed with 100 percent debt.
Listed for $647,700 the month after its foreclosure but reduced down to $584,549 in November, a week ago the two-bedroom condo closed escrow with a reported contract price of $550,000, 21 percent ($149,000) under its 2006 value not including any credits at closing (“Seller will Credit buyer up to…3% of sales price towards closing costs”).
∙ A Spinning Sign Of The Times (And The Lansing) [SocketSite]