Market Value: z estimate is 110,000, taxed at 96,200
Original Purchase price: 123,200 new build in 2010, "top end" for area (granite, wood floors, floor to ceiling windows galore) planned to live there.. was bad choice. Tried to leave but hard to sell in that area.
Original Mortgage Amount: 95,000
Interest Rate: n/a
Mortgage Term: paid off (was 15 year and did in 8)
Term remaining: paid off
Amount remaining on mortgage: 0
Gross Rents: (was 750 - 900, I increased it when utilities started getting billed to me separately through HOA and they did this in part to avoid people having no-power in winter I guess a sign of the Tennants)
HOA costs:400 per month
+ special assessments in total for term of 8 years : 5680
Some high mainatance items : heat pump $680 repair, floor to ceiling glass pane $2300 (was hit by bullet... even though is 7 stories up .. I do not get how but this is in the past BUT does give you a idea of the stress this place causes me)
I decided three months ago to sell based on my early learnings here and through books.
I acknowledge my basis was part emotional:
Bad area (worse than 10 years ago went downhill and the whole urbanization modern condo thing did not work out!), bad renters, lost of annoyance that did not let me focus on my own wellness, and distance (it is 1700 miles away so I have to pay manager etc and be fleeced by dodgy ones)
After over 20 showings and LOTS of lowballs in the 80-90k range .. SOLD for 103,000, perfect inspection PASS
Seller was to close in 30 days now pushed to 45 days (having financial issues but will be okay... was vague realtor whisper)
Do you think I am making a good decision by letting go?
It is my first time selling and I have cold feet. I did real a lot of Zillow trulia posts that this happens "delays" " something always comes up" so I am holding faith.