Contracts

11 Cardinal Road

Three reported this morning, 132 Henry (Byram, short sale), 11 Cardinal (next to skating club, off Fairfield), and 50 Hillcrest Park.

132 Henry Street’s last asking price was $650,000 and was purchased for $660,000 in December ’04. Owners put some renovation money into it and tried selling it for $928,000 in 2007, but never could over the ensuing five years despite numerous price cuts (and a price increase, from $825,000 to $898,000 when it switched brokers in 2008. What do you suppose was going through that new broker’s mind when he made that recommendation? It certainly wasn’t the stellar performance of real estate in the fall of 2007.)

11 Cardinal Road, asking $2.295 million, sold for $2.150 in 2006.

50 Hillcrest, written up here when it came on, is a great house but lacks a yard. That didn’t bother someone, obviously. Asked $2.699, purchased for $2.885 million in 2004.

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