Recent Sale of 26613 Briarstone Place -OMG

[KaranSage]

I regularly watch the real estate market especially when it pertains to FF. This property sold on 1/16/2015 for 80k, that's right 80k! It was listed at $113,094. I previewed it and it was in very good condition from what I could see but 80k? Can we now safely say that that has to be the bottom of the scale. The next lowest price on market now is 155K.

What is going on?

I see FF as a great community although I am not there full time but the people who are and the people who run the HOA really put forth effort to keep the units and community desirable was there something wrong with the unit to warrant such a low selling price? I mean even if it needed all new mechanics that is still an absurdly low price.

Befuddled owner.

[edrutecki]

Somehow this unit came under the ownership of the Delaware Dept of Housing and Urban Development.

They blew it out just to get it off of the books!

Hopefully we never see anything like this again.