The property is assessed at $1,258,600 (click on image to enlarge):
And the realtor's description of the listing is priceless:
VALUE HAS AN ADDRESS and it is this fabulous custom designed 4 bedroom, 3 bath (plus den, family room and wrap around decks on both levels) home ON BEAUTIFUL GIBBONS DRIVE, AREA OF MILLION DOLLAR HOMES!
We are told the million dollar home of 6691 Gibbons Drive has now sold... for $845,000.
That's another $53,800 off the latest asking price; an end result of a plunge in value of $413,600 below ASSESSED VALUE!!
That's a collapse of 33% in 'supposed' value.
Still think the Boomer Trigger is a myth?
(hat tip 900KCrackHouse on VCI)
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