I ws scanning the data, looking for houses in the $3-6 million range that have been on for a long time, reasoning that some might have come down low enough to prove an attractive bargain for some clients here this weekend. I didn’t find much, but I did see 9 Lauder Way, Ml. # 65448, which is a great old house completely redone in 1991 and still in good shape. Good land: 1.8 acres, with pool, and excellent location, but I crossed it off my show list because these are obviously sellers who want their price and are willingg to hang on forever until they get it. I don’t fault them at all – it’s a lovely house, but its $6.5 price tag, down just a touch from its 2007 price of $7.205, doesn’t give the sense of bargain that my clients want. Especially when assessed value is $3.693.
The (non) sales history of this huse is even more daunting. They tried to get $4.5 million for it in 1995 and kept it on the market until 1999 but reduced it to just $4.025 over those four years. Now it’s been back since 2007, adjusted to accommodate what the seller obviously feels is a proper rate of appreciation, and again, haven’t budged.
So we won’t be visiting this one.