Striking off $150,000 per week, it ought to sell by Labor Day

147 Hendrie Ave

147 Hendrie Ave

Listed two weeks ago for $4.250 million, reduced today to $3.950.

11 Comments

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11 responses to “Striking off $150,000 per week, it ought to sell by Labor Day

  1. SizeBuyer

    well being that druid new construction sold for 2.875 and we should be lower now i guess get it to 2.5MM and maybe then u’ll see offers. Oh and watch out when the folks on wesskum are watering their flowers they might get u in ur backyard if u can call it that

  2. Elisabeth

    I love your blog…

    Question- What is your take on 407 Round Hill Road? I’m very curious about this one as the price seems so low in comparison to neighbor properties…

    • christopherfountain

      It’s 7 acres of land, Elisabeth, with a tear-down house, foreclosed on last fall. The land is a back lot (behind Round Hill Community Curch) and mostly steep hill, but there’s a nice building lot where the house stands and a large flat area further down the hill to the left for baseball, whathave you. At under $2 million, it’s not a bad buy, I think, but the few clients I have who want to build new have preferred to bid more for land they liked better. A matter of taste – I think you could build a great house there and be all in, land andhouse together, for around $3, $3-5. For a 6500 sq.ft. house on Round Hill, that would be pretty good.

  3. anon

    I agree with Size Buyer. I’m amazed that builders think they can still try and turn a huge profit in this market. Like the other one in Riverside listed for $12mm – what idiot would pay that when it doesn’t take a rocket scientist to figure out you can buy the house next door, tear it down, and build the same thing for half the price? Furthermore, with the stock mkt down 200pts today, I doubt there are many fast money types who can afford to buy these places these days.

  4. anon

    I agree with Size Buyer. I’m amazed that builders think they can still try and turn a huge profit in this market. Like the other one in Riverside listed for $12mm – what idiot would pay that when it doesn’t take a rocket scientist to figure out you can buy the house next door, tear it down, and build the same thing for half the price? Furthermore, the stock mkt down 200pts today, and nobody on Wall Street or at the local hedge fund is in the position to pay dumb prices. I know lots of guys who got little to no bonus, or have no job, or who work at a hedge fund that is winding down or so far below its high water mark that they won’t be getting paid the 7 figs they used to make.

  5. Elisabeth

    Thanks Christopher, we have been looking around in the area (407 Round Hill) and were thinking about it. On closer inspection though, we found the two huge cell phone towers next to the lot (on the church property). I’ve got little kids so I was too worried about the towers being right there.

    I’m really enjoying reading through your blog, its so refreshing to see someone actually saying what everyone is thinking!

  6. Accolay

    Who would want to live near a cell phone tower? or a water tower? or those terrible power lines? That alone should sink the price and make the market time skyrocket. And that also explains why I won’t be moving to Dairy Road any time soon. You made a good decision.

    • christopherfountain

      Accolay, I’ve never been bothered by cell towers, power lines, water towers or graveyards but I’ve long since given up arguing the scientific safety of some of those and the sheer harmlessness of the others with otherwise bright, well educated buyers, so I point them out and let the buyers make tehri own decision. I wonder if those parents who worry so much about celltowers use cellphones while they’re buzzing their kids around town?

  7. 2112

    Ha, definition of worst nightmare: Greenwich Escalade/Range Rover kid-hauler speeding down Bible Street a foot on the wrong side of the center stripe, on the cell phone and going 20 MPH over the speed limit. Yikes. Incoming!!!!

  8. Elisabeth

    2112- I agree, I constantly feel like I’m playing “chicken” on these back roads…these people drive down the middle of the road. Drives me insane.

    Christopher- I actually did a lot of research about the cell phone towers, there are two studies (1 from India, 1 from Germany) that show a 3x increased cancer risk from living in a certain radius. They also state that children are more susceptible because of softer cranial bones.

    I limit my cell phone usage always…it gives me a headache.

    I spoke to my pediatrician about this and she (and other Dr. friends have said the same) that they won’t use a cell phone next to the ear. It was just one more thing to try to make the best decision to protect my kids.

    That being said, I actually kinda liked that house though…

    • christopherfountain

      Well heck, Elisabeth, at least yu’d have the best cellphone reception on Round Hill, and your kids will be easier to find in the gloaming of the evening because they’ll glow in the dark! All at no extra cost.