Do the people who bought 512 John St.
earlier this year really mean to sell it?
They paid $4.075m. As soon as their purchase closed, the home was on the market (2/16/07) for $4.449m
It lingered, and the price dropped $100k. Print ads started pitching the house as a rental ($20k/mo.), which MBC discussed here
Last Tuesday, after 144 DOM, the price shot up $400,000 to $4.75m.
Two suggestions for potential buyers: They'll take $4.35m!
And that's not a 10% discount.
Also, the flippers' bottom line might be closer to 5% over their purchase price: $4.275m.