Steal this house. 17 Sherwood Avenue sold Friday for $1.680. I thought this house was a bargain; clients I showed it to had various objections, ranging from school district to (very, very) low ceiling height in the original (1737 – George Washington bumped his head there in 1775) living room, but there you have it. This was a bank sale – former owner paid $3.150 million for it in 2007.
Executed contract: 122 Riverside Avenue, asking $1.075 million - the buyer’s getting it for less. A half acre, but jammed up next to the railroad tracks. Hey, you want land in Riverside you can pay a lot or you can compromise on location. A relatively modest new home here probably has greater rental potential than a sale, but its fate – tear down vs rehab, rental vs sale – will be determined later. Stay tuned.
Swampland price cut: 0 Mohawk Lane, four acres, now wants $850,000. That’s down a bit from its 2006 asking price of $1.850, but a man’s reach should exceed his grasp and all that. Interesting that 4 acres up here in the Northeast Kingdom is worth less than a 1/2 acre on the tracks in Riverside.