u/Purple-Age-1236

Hey everyone,
Does anyone know why this might have happened or have any thoughts on this listing?

The price history looks crazy:
Sold in 2022 for ~$400k
Recently listed again close to $400k
After only 14 days on the market, the price was cut by $160k
Now it's listed for $275k
Why would a seller make such a massive price cut after just two weeks? Just curious if anyone has any insights or opinions.

Note: I haven no knowledge and real estate or even owning a home.
This a trend i am seeing people cut prices and this the biggest chop i saw so far.

Thanks!