127 Lake Ave
Next week should see activity. This week, not so much. There was one listing returned to market today, 127 Lake Avenue, $895,000. Nice looking house but it demonstrates the difficulty of finding a buyer for lower Lake Avenue, where the convenience to downtown meets the traffic headed in that same direction. It’s a tough sell.
The owners of 127 paid $1,010,000 in 2003 and obviously put still more money into renovations, but after trying $1.2 million in 2008 and variations on that theme since, they are down now to under $900,000; I’d guess that price will drop still further. This is a nice house, and pretty good value if you can put up with the location. Just beware of resale.
Lower Lake is tough, but there are some nice options even in spite of the traffic. This place suffers from no garage or fireplace, an awkward backyard and a tricky layout… closer to reality now though.
Whatever happened to the really bad white one just up the street from this one? Didn’t they briefly try $650ish?
it sold. a pal was the listing agent. i personally liked the property layout but house needed a lot of work and that lower lake location can be a real pain when trying to exit left (down lake) in the morning rush hour.
Well, trying to make a left turn onto North Street during any rush hour is a disaster. Cars go so fast there. You look one way, look the other way, start to turn and a car on North Street you did not see is on top of you at 45 mph. The issue is not limited to lower Lake.
That house survived a number of foreclousres, may have actually been foreclosed upon, and was on the market on and off for 6 years