15 Quail Road, listed at $6.250 in April ’06 has yet to sell and today took its fifth price cut, to $3.9 million. Not for nothing, but 70% assessed value is $3.502, so perhaps we’re getting somewhere here.
2 Le Jeune Court shows the regrettable fortunes these days of previous winners of bidding wars. The place was listed for $1.1 million back in ’05, the present owner “won” with a bid of $1.2 and has now dropped his price to $998. Assessed value, $638,000.
44 Riverside Avenue, a nice house that, were you so foolish, you could open a window and pat the roof of trucks whizzing past on I – 95, sold for $890,000 in 2005. The new owner tried to get $1.075 million for it last year, perhaps hoping that the highway had shifted north and away from his house during his ownership, and today dropped it to $950. Assessed value is $840, which seems optimistic, to me.