It's Back...

By Dave Fratello | August 30th, 2007
Your humble correspondent is not much into (American) football before Labor Day. And yet, when we see the new listing for 3521 Elm, the first thought is: They're punting already!?!

MBC's wayback machine tells us that 3521 Elm was first offered in March 2007 for $1.279m. It was pitched as "the perfect starter home." It later sold to a builder for $130k less (-10%).

But now 3521 Elm is back for $1.229m, or $79k more than was paid in July. The new owner is willing to unload it, along with plans for new construction.

And now, instead of being the "perfect starter home," it's now pitched as the "perfect remodeling opportunity."

Something isn't perfect, though. Maybe the bottom line on the buy/build/sell spreadsheet.

UPDATE: Turns out this one is also being offered for rent – $3,850/mo.

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