Despite this ugly picture, this is a beautiful contemporary Deck House on Ferncliff Road with two bedrooms (“three, if you move a wall”, its agents says. “Fifteen, if you add 8,000 sq. ft.”, says I). It was first listed at the aggressive price of $1.995 million in 2007 and stayed at that price as the real estate market crested and collapsed. In 2008, the owners updated their kitchen and raised the price to $2.1950, only to drop it slowly to $1.950 and, finally, $1.9 million last month. So two years on the market without a sale plus maybe $100,000 in improvements now tossed away (the money spent on the improvements, not the improvements themselves). Again – this is a great little house, one that I’d love to live in myself, so if it’s not selling, my experience suggests that the problem lies with its price, not its merits.
Today the owners raised that price, to $1.950 million. Assessment, by the way, is $1.412 million.