Off the rent rolls, and back on the market again

558 Lake Avenue is “new” today, now priced at $5.395 million. There’s a long history to this house. A relocation company paid a client’s employee $7,387,500 for the place in 2005, and tried to resell it for $7.995 before settling for $5.5 in ‘06. That buyer, an entity called Resolute Holdings, proved neither resolute nor good at holding, and lost the place to CitiBank via strict foreclosure.

Citibank unloaded it for $4.4 in 2016 to the current owner, who has been trying to sell it, on-and-off, since then, starting at $6.5 and, with a couple of time outs for rentals, is still trying.

Maybe this is the price that will accomplish that.