47 Will Merry Lane

Is 80% the new 100?
This house was listed a while ago (April, 2007) for $1.895 million. Today, 1 1/2 years later, it’s been reported as under contract. Last asking price (the actual agreed upon price is probably less) was $1.495. My expert readers will be sure to correct my math on this, but I calculate that as 79% of the original price.

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  1. Anonymous

    I know Will Merry is right on top of the Merritt, and I don’t know what the kitchen/bathrooms look like, but that’s a nice house for $1.5.

  2. Chris Fountain

    I agree – it was a bargain, or so it seemed to me, but it sat forever. Friends of mine who lived on the street assure me that the Merritt traffic blends into white noise very quickly, and I don’t doubt it. Unfortunately for sellers of properties in locations like this, buyers reject the house before ever considering that they might get used to it.

  3. Anonymous

    Will Merry is a great street and it’s unfortunate that it has the reputation as being “right on top of the Merritt”. There are a lot of mature trees between most of the property lines and the Merritt, so the sound is, as you said, nothing more than white noise. It sure is a lot quieter than many of my friends’ houses on North Street or Lake Avenue. And, if you property backs up to the parkway, you don’t have neighbors in your backyard.

    I am guessing that the 47 Will Merry might be a tear down given the amount of construction that has gone on around there. It will be interesting to see what happens.

  4. Anonymous

    I am looking at the listing right now: 5 bedrooms, 3.1 baths, 3,836 sf, built in 1964, 2.25 acres, separate 2 car garage, $13,349 taxes, oil. It is in Parkway/Western districts. Being in Western might have kept down the price. No doubt the Merritt had to turn off some potential buyers too. No pictures of the kitchen, baths or bedrooms which says to me that they are probably in horrible condition. Looks like it could use a new roof too. It doesn’t seem like such a bargain when you factor in those things.

    -Stanwich

  5. Chris Fountain

    $1.4ish for 2+ acres of land, even on the Merritt Parkway, seems pretty good to me but obviously many potential buyers agreed with you, Stanwich.

  6. Anonymous

    Don’t know if anyone toured the house – definitely a tear down. Kitchen, bathrooms outdated; no apparent work done since the current owners bought the house – seems to be in a state of disrepair, including a septic system that is failing and underground oil tank. Not sure it’s a bargain near asking — or that the Merritt becomes “white noise” – unless you’re standing in front of the house. Note that houses on that street also take YEARS to sell in an up market…so a tear-down, re-build doesn’t make sense either.