This didn’t turn out so well – this owner paid $2,000,000 in 2004, then sold it for $2.25M in 2006 and carried the second mortgage.

He has since foreclosed, and now has it listed for $1,850,000:

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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