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The owners of this two-bed, two-bath condo at 145 Park Place are selling the place they’ve owned since early 2007, but it’s not to leave the building. They’re buying a bigger place upstairs. In addition to the location, this place has a good layout going for it. The price of $925,000, however, seems pretty aggressive, especially since they only paid $695,960 for it a year and a half ago. Anyone have any general comments about this building?
145 Park Place, 2B [FSBO] GMAP P*Shark
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  1. Their time machine seems to be stuck in 2007.

    Not a good selling strategy to let it be known that they are buying a bigger unit in the same building. Time constraints will be involved, and they’ve shown their cards.

    750K at most.

  2. Price is such a joke. Assuming no money down (to make it an apples-to-apples comparison), you are looking at approx. $7,500 / month for this place, including mortgage, taxes and common charges. With tax benies, that comes down, but still would be more than $5k/month. How much would it rent for? Maybe $3,500 this summer. $3,200 this winter.

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