I wondered about this. 272 Riverside Avenue, new construction, was bought in January 2008 for $3.850 million and put back on the market this past February for $3.875. I sold two similar houses just a few doors away in 2007 for $3.8 each and I was curious to see what the market did to this one’s price. We still don’t know because it hasn’t sold but today it was marked down to $3.695.
It could be worse: the builder tried for the longest time to get $4.5 million for this place but fortunately, no one bit.
hmmmm…I wonder how those 2 clients feel about their $3.8 purchase? If only they had held out a little longer maybe they could have gotten a better price! Oh well, I am sure their broker was doing the best he could, right? Hindsight really is 20/20…
Well Anon, I represented the builder so he was happy with my efforts. And we were helped out by the builder up the strret pricing his effort at $4.5. At $3.8, we looked like a bargain or at least a good value and at that time, we were. Now? Eh? GM was probably worth $70 a share back then, too.
Maybe the owners were inspired by the show on HGTV called, “Flip That House,” and figure they can make some fast easy money
dude, you got a gambling problem or what?
then how is it you tool around town in a 10 year old honda and constantly complain about having to buy state sponsored health insurance.
or just nortoriously cheap?
Walt 3, just because a car matters to you, don’t assume everyone shares your passion. I drive a 7 – year-old Honda because when I turn the key, I know it will take me where I want to go and bring me back, and that’s all I want a car to do. I have friends who love Masserattis and such but I wouldn’t know how to drive one, nor do I care to. Now show me the right sailboat and I might be tempted to spend money, so I don’t claim a moral superiority here, it’s just that cars don’t do anything for me.
It is clear that the house being built next door within 10 feet of the property line is a huge negative for this house. Maybe they thought they would get the tiny lot next door for a song. Nope – it was sold to a builder who forged ahead and built a house crowding out 272 Riverside. It is not rocket science. A lovely house on a lovely lot but unfortunately it was subdivided for two houses from one house.