Brookfield library sells Arden Avenue home at $100K loss
BROOKFIELD – The Brookfield Public Library has sold a home in the 3500 block of Arden Avenue, which was purchased by the Board in 2007, for a $105,000 loss.
The Board closed the sale on Aug. 14 when it sold the home for $295,000. It was purchased in 2007 for $400,000. The home was put on the market in June for $329,000.
"They purchased it at the top of a really overheated real estate market," said Jennifer Perry, Brookfield Library Board president, who was not part of the board when the house was purchased. "Unfortunately, right after that the market collapsed."
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