Home on a Diet

Inflated FSF: 'Told You So'

Where: 29xx Quentin Ave. South, in St. Louis Park's Fern Hill neighborhood

What: 3 BR/3BA Cape Cod built in 1936

How much: asking $349.9k

When: (re-)listed Mon. (Aug. 3)

You've probably heard of home expansions. But have you ever heard of home contractions?

This one did.

When the home pictured above first came on the market more than a year ago, it was billed as 3,937 FSF. After showing the home, I opined that that was dramatically high ("Too Good To Be True"; 7/26/2008).

Well, I was was right.

After six months on the market, the listing expired in January.

Then, yesterday, it re-appeared.

New Realtor. New asking price ($349,900). And, drum roll . . . new FSF: 2,754 -- or 30%(!) less.