The Point- Brawley School Road - Sold

This home located in The Point on Brawley School Road and on the 6th hole of the golf course with  view of Lake Norman just closed for $918,750. It's a three level home built by Helms Construction in 2004 with 6586 Square feet. The home originally sold at $1,149,000, then resold for $1,200.000 in 2006. It was listed in Sept 2009 at $1,400,000 and therein lies the rub; what value is a listing agent bringing to the seller by starting out at a price thats almost $500,000 off the mark. The value to the agent is he gets the listing and then walks the seller down in price. The disadvantage to the seller is a waste of valuable time. The sales price puts this at $141 per sq foot. In 2004 it sold at $174 per sq foot, in 2006 it sold at $182 psf. The tax value is $1,259,250. Congratulations to the buyer.