Thursday, September 17, 2009

Glenmore's Michael Comer: Price Reduced Again on Primary Residence, Now Asking Less Than What Was Paid

Current Asking Price: $998K for 2930 Milton Village Road.

The property, MLS# 467792, had an initial price reduction to  $1,175,000 on September 5, dropped from the original $1,348,000.

A further price reduction of $177K or -15.1% came on 9/16.   This is $32,800 less than what the Comer-Kesslers paid in 2005 at the peak of the Bubble.

 The original asking price had an expected return of $317K in a market where higher-priced sales are stagnating. 

Glenmore's troubled ex-Country Club Prez, ex-Treasurer of the Homeowner's Assoc Michael Comer also reduced the Asking Prices of his two "investment properties" in late August.

2930 Milton Village Road is assessed at $1M.

Related Reading:
Glenmore Assoc. Reaches Out of Court Settlement to Pay Back Alleged Embezzlement
Comer: The Unanswered Questions 
Statement from Kandi Kessler Comer 
The Glenmore Audit

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