Purchased for $760,100 in November of 2004 but then taken back by the bank in July, the sale of 10 South Park #1 closed escrow on 10/16/09 with a reported contract price of $611,300 ($511 per square foot). That’s 3% “over asking” but 20% under its ’04 value.
As a couple of plugged-in readers noted previously, 10 South Park #3 which is 267 square feet smaller but likely offered better views, and perhaps even a better layout, sold for $925,000 ($996 per square foot) in July of 2007.
∙ A Bank Owned 10 South Park #1 (Insert Underpants Quotes Here) [SocketSite]
Wow, kudos to the realtor for pricing it perfectly. 3% under the final sale price has to be a sweet spot in this market.
Hmmmm, $511 per square foot in South Park… Now we’re talking…
And Zestimate is $829k! Thanks for the help Zillow!