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Description:
Originally listed on January 10, 2003 for $9.8 million, more than three years passed before this extraordinary home finally sold for $6.4 million -- $3.4 million below it's original asking price. The property sold for $1,283,100 or 17% below it's 2006 tax assessment of $7,683,100. Zillow continues to estimate the value of the property at $7.7 million, and mistakenly assumes prices are still rising in the area.

Cut & paste link for more detail:
http://www.zillow.com/aerial/DualMapPage.htm?zpid=57082956

Original asking price: $9,800,000
Sales price: $6,400,000
Closing Date: April 2006
Days on market: 1,087
Percent saved: 35%
Dollars saved: $3,400,000

Assessed value: $7,683,100 (2006)
Saved vs assessment: $1,283,100
Sales price vs Assessment: 83%
Analysis by The Real Estate Cafe for use by customers and clients seeking to buy specific properties. (Listing data source: MLSPin.com.)

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Bubble bloggers and homebuyers: interested in using Platial to create Real Estate Bubble Reality Tours in local communities across the nation? Please send comments, corrections, or references to other properties asking or selling for (1) below their assessed value or (2) well below their original asking price to RECafe@mac.com. Alternately, add your place to this map or create your own map on Platial.com.

Photos:

Maps:

popular places, Real Estate Bubble Map: Boston

Tags:

15 below assessed value , saved 3 million