Wyckham Hill is a dead-end development carved from the Babcock Property when that land was given (sold?) to the town for park use. It has the advantage of being close to town, the disadvantage of abutting the Merritt. Houses constructed there were pretty much builders’ specials meaning big but of middling quality. Prices climbed over the years to reflect the general rise in prices around town but now it seems you can’t give the place away; there are three houses for sale now, none of which is going anywhere.
This one at 8 Wyckham is a good example. It sold for $2,000,000 back in 1996 and $3.3 million in January ’07 (Dec. 28 ’06, actually, but let’s consider it a 2007 sale). The owner completely renovated it, adding a new kitchen, new roof, etc. and came up with a very nice, modernized house. She listed it awhile ago for $4.995 which, compared to other houses in its price range, wasn’t bad, but buyers have balked at the Merritt I presume and no one’s stepped forward. The seller has been aggressive about takig price reductions and today there’s been another one, bringing it down to $3.495. Assuming even a modest bit of negotiating, the place is back where it started and all those renovations are being written off. It now offers a whole lot of house for $3.3 (ish) but I still don’t think it’s hit its price. If I’m right, that’s bad news for the unrenovated house up the street which is asking in the $2s while the owner cools his heels awaiting trial for manslaughter. I bet that one goes for under $1 million. Which might be a good buy, actually – maybe you should make a bid.