Devon Meadows, Victoria mortgagee acreage sold for $180,000 below asking price
A Devon Meadows, Victoria acreage home has been sold for $781,000.
The home spent over 5 years on market seeking $950,000 before being taken off market and relisted as a mortgagee.
It then sold at auction after a one month marketing campagn.
Matt Dewan and Brent Day of Obrien Real estate marketed the property.
Situated at 144-146 Craig Road, the home sits on 2.1 acres (8,247 sqm).
A three bedroom, one bathroom abode is positioned on the holding.
The property last traded for $410,500 in 2008.
It is located a short drive to Cranbourne and according to the listing, "it is an opportunity with options to renovate the existing home or start fresh & build your dream home on this beautiful piece of land (subject to council approval)."
The median sale price for a home in Devon Meadows is $644,000 according to the latest CoreLogic data.