Back on the market after many failed attempts, and another example of a property that was purchased during the heady “anyone can get a mortgage for anything no matter if you could pay it back or not” days. Treading rather than sinking (from the mortgage perspective), the owner paid $2,395,000 in 2005 and tried but failed to get $2,595,000 in 2008 – with 6 other expired listings…It sits on 5 acres – and I’m sure that a builder would love to get it for $1.2. Let’s hope that they get an end user who likes one level living, indoor pools or doesn’t care about going through the hassle of town hall and expense of the removal and updates.
