This house not for sale?

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.


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5 responses to “This house not for sale?

  1. tom

    6.5 million for 9,000 square feet of in that location is not that bad a deal – bid 6 and you get it – 1 Lauder sold for 8 MM a year ago….ok that looks like ancient history but this is prime location, jmo!!

  2. Walt

    Dude –
    NOW do you finally believe me? If you hear it from Bess? And I taught Andres how to worm.

    Your Pal,

  3. anonymous

    Weird people who would want strangers (incl thiefs, the unwashed masses, etc) walking through their house on short notice for years

    Many of these people advertise their irrationality in their ask pricing and choice of realtor, saving time&efforts of any reasonable prospective buyer

  4. Walt

    Dude –
    Just what did they arrest this guy for? I never knew adultery was illegal. I better tell Andres. He does this all the time!!
    Your Pal,

  5. Accolay

    Forget Conyers Farm or Belle Haven, this is what you call prime Greenwich ; )