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Trinidad’s (Almost) $1 Million Home Sells, For Less

by Shilpi Paul

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1228 Florida Avenue NE

On April 4th, the priciest home in Trinidad was officially handed over to a new owner.

UrbanTurf has been following the story of this renovated six-bedroom home since it hit the market on January 31st. Listed for a record-breaking $926,500, the listing drew the attention of skeptics who couldn’t believe the home would find a buyer willing to pay the almost $1 million asking price. On Valentine’s Day, the price was reduced to $898,400. Five days later, it went under contract.

Though the first contract fell through, the home found a buyer again quickly, without being relisted.

So did the home fetch anywhere near $1 million? The buyer(s) ended up settling on a price of $926,000, but received a credit of $27,780 upon signing, bringing their total outlay to $898,220.

See other articles related to: trinidad's 1 million home, trinidad

This article originally published at http://dc.urbanturf.com/articles/blog/trinidads_almost_1_million_home_has_a_new_owner/6924

4 Comments

  1. Sue said at 7:56 am on Saturday April 13, 2013:

    I’d like to know how it ever appraised for that.

  1. jj said at 11:11 pm on Saturday April 13, 2013:

    It didn’t have to appraise for that.  The buyer would just have to make up the difference, or else might have been a cash sale.

  1. Rolly said at 8:50 am on Monday April 15, 2013:

    Ha, was the first buyer the one who was vigorously defending the home on multiple threads?  Looks the reality of the comments got to him/her smile

  1. Rolly said at 9:03 am on Monday April 15, 2013:

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