Thursday, September 24, 2009

2356 NW Hoyt is sold



Charles Turner's flip project at 2356 NW Hoyt finally sold. The home was on the market for almost a year and saw several price cuts.


The Original asking price in October 2008 was $1,195,000.
In January he dropped the asking price $45,000 to $1,150,000.
In February he dropped the asking price $25,000 to $1,125,000.
In March he dropped the asking price $25,000 to $1,100,000.
In May he dropped the asking price $50,000 to $1,050,000.
In June he dropped the asking price $50,000 to $999,950.
In August he dropped the asking price $25,000 to $975,000.

The final selling price was $912,500 or 24% less that the original asking price.

Charles other flip project is still on the market. Oringal price was $699,000 but he is now asking $615,000 for it.


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