Sale Gone to Seed at Frank Norris Place

Languishing on the market for a whopping 307 days (and counting) is 81 Frank Norris Street #405, a 1 bedroom, 1 bathroom, 806 square foot unit condo in Frank Norris Place, a Vanguard development slated for residents 55 and over. And even that rule is soft: in this unit, only one resident must meet the age requirement, and the buyer needn't be 55 or over. (Hello, morbid investment opportunity.) This property boasts the same amenities as any other: stainless steel-gone-wild, hardwood flooring, courtyards— all of that. Not even a deft price slashing can move this one: it stands at $539,000, $30K below its initial listing in April at $569,000. What gives? After nearly a year, we want a better conspiracy theory than "the market." ("How about the floor plan," you ask? Good enough.)
· 81 Frank Norris Street #405 [Redfin]