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Two sales at the Greene House Condos

Two units at the Greene House Condos have recently come on the market, both at eye-opening prices.

One unit is a 3 bedroom, 2 bath 1,220 square foot unit, unit 4E. The list price is at a bargain-basement $765K, down from $989K in February 2008.

The second unit just came on the market today, unit 9E at a price of $839K, which is just a few thousand dollars over what it originally sold at years ago.

Both are ostensibly distress sales of some sort - my guess is either job loss or job change. Any insiders know the scoop on these?

Either way, these prices could prove worrisome for anyone who's refinancing or selling in the near future. Unless the appraiser realizes that these are distress sales.

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