The foreclosed upon 3 bedroom Twin Home finally went under contract after reducing price many times to finally settle in at $259,900 at the time of contract signing. 16256 John Rowland Trail has been on and off the market for over two years now and was finally foreclosed on by the Bank 6 to 8 months ago. Unfortunately, 3 of the last 4 Twin Homes to sell have been "distressed sales", either short or foreclosures. This has raised havoc on their value.
There were also several price reductions in the past couple of weeks, 16524 Howard Millman lowered price to $379,900 down from $389,900. It is a Carrolton model that has been on the market a cumulative 478 days. 16251 John Roland Trail reduced price (an Asbury model) to $337,000 after 308 days on the market, it is being sold furnished. And lastly, 16245 John Roland Trail (also a Carrolton model) reduced price to $409,000 after only 30 days on the market. Another Carrolton, 16237 John Rowland Trail withdrew after a cumulative 570 days on the market. It was listed at $379,900 at the time of withdrawal. Buyer and Seller expectations continue to be far apart in this section of Paynter's Mill.
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