It didn’t hang around quite as long as 504 North Street did but after 1,370 DOM, the owners of 133 Lake Avenue must still have been relieved to finally receive an acceptable offer. They paid $905,000 for the place in March of 2008, which was a discount from its sale price of $1.050million in 2004. But those “discounts” can fool buyers into thinking they bought below market, when instead they merely established the new one, and many do what these unfortunate people did, they try to flip it for more than they just paid. In this case, three months after buying it, they put it back up for sale at $1.098.
That was a mistake. Last asking price, the one that’s produced this contract, was $749,000.