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- Short Sale: 441 Days On Market, Price Dropped $170,000 ...
Short Sale: 441 Days On Market, Price Dropped $170,000 -- 27 Hillside Way, Short Hills, NJ 07078
CirclingVulture
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This property is now listed as a "short sale," where the lender is willing to accept less than the loan balance to avoid the expense of pursuing the foreclosure process. A property listed as a "short sale" may indeed not avoid foreclosure, since either no offers, or an offer below bank expectations, will scuttle the attempt at short sale.
This property sold for $670,000 in May 2004. Listed for sale 2 years later in May 2006, the property has spent 441 Days On Market, with several price drops totaling $170,000 which is a 20% price reduction.
Below is the listing history for this property:
Mar 05, 2004 - $750,000 - MLS # 1666565
Apr 05, 2004 - $699,000
May 07, 2004 - Closed at $670,000
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May 08, 2006 - $869,000 - MLS # 2275762
Jun 01, 2006 - $839,000
Jun 23, 2006 - WITHDRAWN
Sep 07, 2006 - $835,000 - MLS # 2316860
Mar 07, 2007 - WITHDRAWN
Feb 19, 2009 - $839,000 - MLS # 2651199
Mar 28, 2009 - WITHDRAWN
Mar 31, 2009 - $839,000 - MLS # 2670037
Sep 16, 2009 - $699,000
Posted: September 25, 2009
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