Trudie
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View attachment 159998
Looking at the history, they just might have broken even...real estate commissions and closing cost would have ensured "profits were negligible." (And the "bros" had already taken a $75K heloc on the property, that had to be repaid)
Property History for 260 Peterson Rd:
Feb. 4, 2014 W bros purchased for $175,000
Aug. 13, 2016 W bros listed for sale
March 10, 2017 W bros sold 13.8 acres for 35,000
March 10, 2017 W bros sold 50 ACRES with the 4bdrm 1ba house for $165,000
260 Peterson Rd, Oliver Twp, OH 45660 - 4 beds/1 bath
(ps, anyone can access the history on this link, bottom lower left)
Omg, so they did buy this and it wasn’t gifted?
75k heloc would have supported them for a few months.