Daily Archives: April 1, 2010

A little sale

132 Hendrie Ave, not much of a cape and on the rail road tracks, but still a good yard, has sold for $795,000. It started at $1.095 two years ago and if memory serves, a client of mine offered substantially more than its final selling price back then but the market was just beginning its tailspin and the owners thought they could do better. Sometimes that works, Sometimes not.

UPDATE: 108 Shore Road, in OG, sold for $1.6 million. I’m surprised it fetched this much, as the demolition sign is already posted. Unless there really are two building lots there, which seemed to have been in some dispute. Guess we’ll find out.

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Some impressive contracts, at last

8 Copper Beech8 Copper beech, almost new (2006) construction, was listed at $9.550 million back in 2007, dropped its price in slow increments until it reached $7.6 million and is reported under contract today. Obviously not what the seller had hoped to get, but still a good sale. 36 Mooreland, beautiful land with a nice of odd-ball layout of a house (but quite nice, nonetheless) asked $6.695 in May, 2009, never dropped its price and is also under contract. 142 Park Ave

142 Park Avenue (Greenwich) sold for $3.9 million in 2007, priced at $3.750 this year, and has a buyer. If the seller gets close to her asked-for price, I’d say she dodged a bullet.

 
Same thing for 14 Dialstone in Riverside, bought for $2 million in 2007 and priced this year at $1.995.
All of these are contracts – I’ll report back on final prices when they close.
 
And among the price cuts posted today, I see that 41 Will Merry, bought for $1.425 in 2007, is reduced, again, to 41.250. This is not the market for marginal streets, I guess.

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