6 Irvine Sells for $1.14ml OR 3 years waiting and a 33% price reduction

I saw this sale notice on the MLS this morning and wondered if the wait was worth it for the owner. This shore colonial, that's what the list agent calls it, came on the market June 15, 2006. After nearly 3 years and 4 price reductions, from $1.699mln to a last list of $1.347mln, the property closed today at $1,143,500.

And talk about commitment, the owner stayed with the same agent over the whole period! I'm sure both parties are glad to move on.