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

by Shilpi Paul

Trinidad's (Almost) $1 Million Home Sells, For Less: Figure 1
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 12:56 pm on Saturday April 13, 2013:
    I'd like to know how it ever appraised for that.
  1. jj said at 4:11 am on Sunday April 14, 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 1:50 pm 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 😃
  1. Rolly said at 2:03 pm on Monday April 15, 2013:
    http://dc.urbanturf.com/articles/blog/trinidads_almost_1_million_home_finds_a_buyer/6680 http://dc.urbanturf.com/articles/blog/trinidads_almost_1_million_buyer_speaks_up/6692

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