Thursday, April 1, 2010

Share Your Opinion of Current Listings

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1 comment:

Anonymous said...

This is an interesting example of an overpriced listing in C'ville.
http://www.trulia.com/property/3004896457-901-Monticello-Ave-Charlottesville-VA-22902

901 Monticello Ave. MLS#474656
Resale listing at $269,900. $293 per sq. ft. 2 BR 1.5 baths blt 1946. Gross rent $1450. 2010 Assessment at $261,200.
Last property transfer 11/2002 for $155K.

Rental income would not cover expenses at this price. Will there be a future when there is enough competitive rental stock to drive the rental rate down? Asking price is 74% above last purchase.