Following up on a story from June 8th about a home with “prime potential” in the Marina, we now have the final scoop. The home at 230 Cervantes, which we wrote about HERE, needs some work and was listed for $1,849,000. Final sales price? It went 20% above asking at $2,200,000.
Just to clarify, does that mean 20% above market value? Ummm, no. Our feeling was that the home was intentionally underpriced to create some buzz, which it most certainly received. And if you’ve been reading our blog for a while, you’ll notice that we put very little stock in an asking price.
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