5 Lindsay Drive, $3.695 ask, was reported under contract last April, and returned to the market June 25th after the deal fell through. Last night, a reader who wishes to remain anonymous hinted why:
You may be interested to do a little digging at Town Hall into the reason the 5 Lindsay Drive contract fell through. It’s a good warning for house buyers to bring an architect along when buying a house. Things don’t always appear as they really are.
Without going to Town Hall (hey,it’s 5:45 am), I’d guess the difficulty arose over the presence of the second home on the property. Usually structures that were legal (zoning-compliant) when built are “grandfathered”, meaning they’re exempt from current zoning restrictions, but not always. On the other hand, it might be something else.
What I do know is that this has always been a very attractive piece of land, but overpriced because of its owner’s insistence on pricing it as though there were value in the house and outbuildings. If a problem has arisen, perhaps a bit of reality is beginning to set in, and this might be an opportunity to offer a realistic, albeit much lower, bid.
Or not – the owner’s a real estate agent, and we all know how that goes.