12 Ledge Road sells

Bank owned, this post and beam started at $3.795 (ha ha ha) and was sold by the bank today for $2.640 million, a lot more than I might have suggested but it’s a nice street and a good neighborhood so there you have it. I wonder if the bank threw in a dinghy for those floods?

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2 responses to “12 Ledge Road sells

  1. Krazy Kat

    Chris – What was the assessed value? Was it more than you thought because it was above the 70% rule of thumb?

    • christopherfountain

      Yes it was, Krazy, I think it was $2.3, but I’ll check. My surprise at the selling price had nothing to do with that, and everything to do with its bad design and wet location. But design is entirely personal, and for all I know the buyers weren’t concerned about a bit of flooding Or maybe the builder corrected that problem – the neighbors say he did not but ….