62 Ridge Street

Say, here’s an idea!
Can’t sell your spec house for $7.250 million? Delete the listing and bring it back on at $7.450! If that doesn’t work, I suppose you can yank it up to $12 million and see what happens.

To be kind, it’s possible that the builder of this home was so swamped with offers as he was building it that now that he’s nearing completion he feels confident that he can ask for and receive even more money. In which case, good for him – the market needs some good news. I myself am a little skeptical about this price on this street. Ridge Avenue is a neighborhood “in transition”, as we realtors like to say, with the previous high sale being $2.850 each for two condos on the corner of Ridge and Havemeyer. Those sales occurred last year; one unit was returned to market this year at $2.895 and so far has found no takers. 62 Ridge is further down the road, closer to the highway noise and the railroad and, although I could certainly be wrong about this, I wonder whether there is a market for a 10,000 sq.ft., 5 bedroom 7 1/2 million dollar mansion in a location that’s slightly out of the downtown district. I guess we’ll find out.


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6 responses to “

  1. ACF

    Why are so many houses designed with the garage as the focal point? That house is no beaut but would look a helluva lot better if there were living quarters on both sides of the entrance.

    Why don’t they put the garage in the back?

  2. Chris Fountain

    Because of lot constraints, I assume, although some places I’ve seen seem to have that garage look merely because the architect is lazy, stupid and incompetent. An example of the former can be found on Riverside Avenue where the “Lushington house” and old farm house, has been razed to make way for a simply god-awful pile of over-wrought dretch (other than that, I like it). But regardless of the reason for it I agree – garages as a focal point don’t do anything for me.

  3. Anonymous

    Your comment reminded me of that Woody Allen Quote in Broadway Danny Rose

    Danny Rose: I don’t wanna badmouth the kid, but he’s a horrible, dishonest, immoral louse. And I say that with all due respect.

    Keep up the great work!

  4. dogwalker

    acf, I have been thinking the same thing. I understand that sometimes there are constraints, but other times it is certainly not apparent. On so many of these condos on small lots, you have to search for the front door! It’s so unwelcoming. But I still think in terms of neighbors and neighborhoods. The people buying these things have other things on their minds, evidently.

    To nitpick, Chris, it’s Ridge STREET. Also, I believe the unit that is directly on the corner of Ridge and Havemeyer sold for close to $4 million. But it has a Havemeyer address (70, I think).

    I do love the pricing strategy, especially since that one family on Milbank finally lowered its price. But I think the house would not get a terrible amount of noise from either 95 or the RR; the houses across Railroad Avenue certain do, but, however sound travels, I guess that distance is enough of a buffer.

    They have been working like little beavers putting the finishing touches on that place! I can’t wait for the open house to see the views from the hot tub on the roof! And if it doesn’t sell, maybe they will host a party up there with a theme similar to ones you have described elsewhere on these pages!

  5. Chris Fountain

    Only sales that show up are those condo units at $2.8 each but I’ll look again.

  6. Anonymous

    In certain parts of Portland, OR…you are not allowed to build homes w/ garages as the focal point.