Multiple Offer Multiple Choice
This (admittedly nondescript) brick cottage in St. Louis Park’s Fern Hill neighborhood came on the market June 1 at a list price of $90,000, and was switched to “Pending” 10 days later.
The transaction closed August 13 (and was just posted on MLS this morning).
What was the sales price?
Not if you’ve been following the lower end of Fern Hill’s housing market (or reading this blog!).
Clue #2: the property’s tax assessed value for just the land — often a conservative number — is $145,900.
Bonus questions: 1) how many offers were received?; and 2) what do you suppose will sit on this lot by next Spring?