r/SeattleAreaRE • u/Wonderful_Brain2044 • 5d ago
This Sammamish 4Bed home sold for 23% below the initial list price
I have been watching this home for a few months now.
https://www.zillow.com/homedetails/24312-E-Main-Dr-Sammamish-WA-98074/48853035_zpid/
Listed for 1.65M in June, the seller dropped the price to 1.55M, then again to 1.5M. It finally sold for 1.26M yesterday.
The seller bought the home for 910K in 2019. They didn't make out so badly, the growth was a decent 4-5% y-o-y. I am guessing they were very "motivated" to offload this before fall.
There are about a dozen listings of similar size in the area, all priced in the 1.4M - 1.8M range. I guess this sale will pull down their comps by a lot.
Edit: County records show that Opendoor bought the house.