5181 N CIRCULO SOBRIO was purchased on June 15, 2007 for $1,235,000.
That was about two months before the mortgage meltdown, when everything started to seriously hit the fan.
Then a little more than a year later, on September 16, 2008 – the day after Lehman fell - it was listed for sale for $1,269,000.
But nothing happened, so it was off the market for a while. Then it was re-listed this September for $999,000 and reduced today to $895,000 ($261/sf). That’s in Cat 10.
Now $340,000, or 27.5%, less than it sold for 3 1/2 years ago.
That’s the market we’re in.
5181 N CIRCULO SOBRIO Tucson, AZ 85718
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