The current assessed value of the property is $3.05 million.
So how crazy is the speculation in our market?
Well... in May of 2011 this house was acquired for $2.98 million.
In January 2012 it was listed for $5.98 million!
(Really? You're trying to flip a home for a $3 million profit?)
In March 2012 the asking price was 'reduced' to $4.88 million.
Recently the asking price was 'reduced' again and the current asking price is $3.988 million. Here is a screenshot of the current listing (click to enlarge):
You have to wonder if the property is marketed as '40% off'?
Such a deal, eh?
Hat tip: gse36
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