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It took four years to sell the Gold Coast mansion, cutting the price by half

 
[Economic News]     05 Jul 2019
Homes at The Solereign Island 1820.A luxury on the Golden Coast, Solereign Island, was sold nearly four years after entering the market, and the final price was about half the initial price, Realestate reported.
It took four years to sell the Gold Coast mansion, cutting the price by half

Homes at The Solereign Island 1820.


A luxury on the Golden Coast, Solereign Island, was sold nearly four years after entering the market, and the final price was about half the initial price, Realestate reported.

It took four years to sell the Gold Coast mansion, cutting the price by half
It took four years to sell the Gold Coast mansion, cutting the price by half

It is reported that the waterfront mansion is located in The Sovereign Mile 18 / 20, a total of 3 floors, an area of 1501 square meters, the water surface length of 27 meters. The house has six bedrooms, media rooms, home offices, gyms, game rooms, vacation pools, etc., as well as an underground garage that can park up to 20 cars. The house is very famous on the street because there are two stone lions at the door.

The real estate sold for A $3.5 million earlier this week, according to CoreLogic, a research firm.

It is understood that the real estate entered the market for the first time in November 2015, when the asking price was A $7.95 million. Over time, the real estate was recently listed for sale for A $4.29 million. During these four years, five different intermediaries were responsible for the sale of the real estate, but it was never successful.

Real estate agent Moyer (Chris Moyer) sold it within 60 days of taking over.

It is reported that the buyer is a local family, they are ready to renovate real estate, may be used to live in.

The real estate last changed hands in 2014, when it sold for A $3.9 million. Recently, it was rented at a weekly rent of A $3000.

Moye said that although the local housing market is weak, but is expected to return to the temperature in August.

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