A number of readers are curious how this came to be sold and so am I. It showed up today on the MLS marked “for reporting purposes only” meaning it was never really listed but the firm wants the credit for the transaction, and the “asking price” is shown as $14.5 million with a $12.8 million sales price. The former is just nonsense, of course, but was $12.8 a good price?
Without knowing more than the bare recital of the sales announcement, I’d say it was. Two good agents, even if they work for the same firm, each representing his and her client’s interest, should have produced a satisfactory deal. In better times ‘d have expected to see this house sell for more but these are not better times.
Still, I’m surprised at the relatively low price this went for. 88 Cedar Cliff, right around the corner with beautiful water views but n0 frontage, sold direct for $11.750 to someone who proceeded to tear it down. Pilot Rock, waterfront with a view of 58 Dawn Harbor, sold for $10 million something six months ago and that house, too, is probably not long for this world. In that same association, the Mackey’s place, a pre-fab, is asking $12 and change for what is essentially waterfront land, period. It’s entirely possible this sale was made to a friend or neighbor or the seller simply didn’t want to complicate his life opening it to strangers. He might have gotten more if he had but he’s pocketed his money and moved on, which is never a bad result.
To answer one reader’s concern, fret not – I’m sure the agents managed to get paid their commissions. It’s touching that you worried, though.