27 Midwood
27 Midwood Road, part of the Deer Park Rockefeller development from so long ago (although this was actually built in 1995), has cut its price again and is now at $7.995 million. Believe it or not, that’s a pretty good price for this house and this neighborhood. It is certainly a better price than the $12.750 million it sought in 2008. Thirteen million morphed down as the years passed, all the way to $9.750 in 2010 before a new broker jacked it back up to $10.375. That strategy failed – buyers won’t agree to be punished just because a seller’s angry at them for not seeing his value – and now, as I said, it’s $7.995.
As listing agents are so fond of saying (although this one doesn’t) “this one won’t last! It probably will, of course, but if you’re in this range and like this location (I do) then check it out – it’s a good one.
A few questions about some listing prices: First, why is the assessed price so much lower than any of those listing prices for 27 Midwood? And, what is the story with 12 Stillman? It seems a bit steep!
Stillman homes used to fetch in the $5s but have declined along with the rest of the market. Very well built houses but I’d expect this to trade lower than asked nonetheless. Assessments vs. asking prices? Sometimes the assessor’s wrong, more often owners have a grossly inflated opinion of what their home’s worth. The marketplace solves this dispute, eventually.