Thursday, March 20, 2008

One House in Virginia Drops 63% in Value While on the Market

Check out this lovely abode located in Rappahannock County, Virginia, which sits on a gorgeous 51 acre lot with a pond. It went on the market on May 4, 2006, and was listed at $2,275,000. It sold on December 27, 2007, for $850,000, after 574 days on the market and a whopping $1.425 million price drop.

That's gotta hurt.

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