One man’s ceiling is another man’s floor

It hasn’t been reported yet but there’s a house closing today on Owenoke that will “set a new floor for the street”, according to an agent I spoke to. I assume it’s the Nokia – owned house at 30 Owenoke, which started off at just about what was paid for it in 2006 (somewhere around $2.7, I believe) and fell rapidly from there. Will it break the $2.0 barrier? We’ll find out soon. That will not be helpful for other Riverside sellers if it does.

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One response to “One man’s ceiling is another man’s floor

  1. annon

    the assessed value is $1,573,950. Let’s see if your rule of the other day holds true.