Listed in January 2011 at $1,095,000 and eventually reduced to $925,000 2321 E Calle Lustre sold yesterday for the bargain price of $842,500 ($169/sf). What a deal, I think. But when a house sits on the market for that long it loses some of its allure. And buyers wonder, “… why hasn’t it sold”, “how come no one else …”. And, inevitably, the sale price suffers. And by that time the sellers are often at the end of their rope and just want out. And a bargain is born.
In August, when it went to contract, I mentioned it here > 2321 E Calle Lustre is in contract <
Calle Lustre had a double whammy though. It went to contract in March and the deal fell thru because of a bum appraisal. > another deal killed by another half-assed appraisal < so they had to start all over again, but now with the taint of the low appraisal hanging over it.
2321 E Calle Lustre Tucson, AZ 85718
(listed by Long Realty)
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