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Investment Property Mysteriously First Lists for $2.2M

There must be one heck of a glitch in the Matrix this week because yet another property has put itself out there for far more than its actual selling price. 1711 Pauline St is a rather modest double with both sides boasting 2,043 square feet with four bedrooms. According to the listing, you can get $1,200 of rent cumulatively out of the property. So why did someone initially list it at $2,299,997?

According to an updated listing from both and Latter & Blum, 1711 Pauline St is actually selling for $2.1M less than its initial, outlandish price — that's a drop of 91.3 percent. $199,997 for a traditional investment property in the 9th Ward? Sounds entirely reasonable.

· 1711 Pauline St [Latter & Blum]
· On the Market [Curbed NOLA]