This spec house in the PELINOPOR* district of Riverside was originally listed for $3.195 million but even with price cuts, I didn’t think the developer was going to walk away with his shirt intact. Nothing in this area had sold for even close to $2 million and I doubted that this was the house to break that record. But then a few weeks ago 8 Loading Rock, just down the street and hugely discounted from it’s own stupid price of $3.695, sold for $2.350. That must have inspired the Gods because they sent a buyer to this one and it has now sold for $2.415. Wow. Out of town broker, or need I point that out?
*people living north of Post Road