Big ticket sale, but it seems the flipper lost money

6 Meadowcroft 

6 Meadowcroft 

6 Meadowcroft Lane has sold for $13.065 million. The sellers paid $12.875 for it in 2014 and, at least according to its current listing, "completely restored and renovated" the 1928 house before returning it to the market this past April at $16.5 million. Their acceptance of $13,065,000 after just 65 days and taking a hit, after commissions and taxes, of at least $600,000 (and surely more), indicates that either they didn't do all that much work renovating and restoring, or there was a serious change of plans.

That said, it's nice to know that there are still  buyers around with large chunks of pocket change to spend on real estate.