Green Lantern Lands in Lawrenceville
So 5309 Duncan St. in Lawrenceville. Way up in Upper Lawrenceville. Asking price a smidge under $245K. Let's go look up the assessment valuations for the property. Old assessment = $38K. Great gobs of gentrification Batman! Ok, lots changing in Lawrenceville and the ad implies a lot of investment in this property so no surprise the 'old' assessment is not quite matching. But the 'new' assessment value? All of $64K? So I know asking price is always optimistic, but we will have to track what this property actually sells for and how it compares to assessment values. Don't get me wrong, I don't get the price myself. That energy efficiency the ad talks about better include a Green Lantern power lantern since I doubt there is space to drop a geothermal pipe in the backyard... if indeed there is a back yard.
Stranger still when you look at the recent owner history. Fannie Mae REO disposal for $1,658 late 2010, and resold for $26K in early 2011.