This is a perfectly good 1960 house, 6,777 sq.ft., updated in 1991 on 4 acres, with a pool. It was first listed at $3.495 million in 2006 and when it expired 6 months later, was passed to another broker who raised it $5,000 to an even $3,500,000 – I suppose odd figures aren’t his strong suit. He had the place for 18 months and also couldn’t sell it. Then again, the seller never dropped his price, which didn’t help. Yesterday it came back with its 3rd broker and now priced at $2.650 million. That’s about 25% less than its original listing price but the place was never worth what it was asking, so how much of this new price reflects a drop in the market and how much is merely a reflection on the over-pricing at the beginning? My personal opinion is that the new price is what the old price should have been. The 1991 “update” was fifteen years old back in 2006 and it showed its age. Of course, if $2.650 would have been the right price back then, what’s the house worth now? We may find out.