21% Over Asking Price!
Take an A+ location in Minneapolis’ tony Lowry Hill neighborhood, strategically located in between Downtown Minneapolis and picturesque Lake of the Isles.
Add a huge, 4,800 square foot all-brick triplex.
Then put it on the market for $314,900 — a whopping $351,600 below tax assessed value of $666,500.
What do you get?
Lots of Buyer interest — and ultimately a sales price well above the asking price, or in this case, $380,547.
The deal closed last week.
And yes, it was a bank-owned foreclosure; it was first listed 3 years ago — as a potential short sale — for $695,000.
I discussed some of the shenanigans that took place when it first came (back) on the market in October in this post, “Hmm . . . I Wonder Where That Lockbox Key Went??”
