This 1920 house was bought for $1.220 million in 2002. I liked it then and haven’t seen it since but it’s back on today asking $2.1 million after the owners have added a new kitchen, central air, new baths, etc. That doesn’t strike me as a bad price at all. The house’s driveway is on Wesskum Wood, so you avoid the hassle of entering Sound Beach Avenue, and nice as the house was eight years ago (and it really was), a new kitchen and baths would have been welcome. But will buyers go for this price? I hope so, because I think it’s a good one, and if it doesn’t fetch close to its asking price, we’re really dropping down there. But maybe we are, so who knows?
And here’s another poser:
This house on North Porchuck was built and sold in August 2007 for $7,850,000. The new owners added a pool and then had to place it back up for sale this year. Being no fools, they listed it for $6.995 million, as close to a million dollar write-down as makes no never mind (especially if you add in the price of the new pool). It’s a beautiful house, with great views of a pond, terrific lawns, a wonderful layout and even a walk-out basement that’s twice the size and twice as comfortable as my own house. It would be absolutely perfect for clients of mine but I know that they’re waiting for the right bargain and, these days, $1 million off isn’t considered a bargain. I don’t blame my clients or fault them for being unreasonable – we are turning up bargains, and if they settle for something not quite as perfect but $4 million less well, that’s a large bulk of dollars to offer comfort and consolation for not getting exactly what they want.
And like so many buyers today, mine are in no hurry – they don’t have to buy a house. It’s a tad frustrating though, because it wasn’t long ago I could have told them with assurance that they wouldn’t find a house as good as this one at its price, ever. Now I can’t say that.
But it is a great house and if you do have to buy, or are willing to pay to get exactly what you want, this one is worth seeing.