Here comes (back) a 1965 house on Dandy Drive, renovated in 2007 and on what looks like a beautiful one-acre lot. It started at $1.799 in 2008 and didn’t sell at $1.599 since October but it’s back at that same (lower) price today.
Now, on the one hand, I compare this house to 7 Dandy Drive, brand new, very nice construction with high ceilings and all that stuff that sold for
$1.850 in March, 2009. But 7 was on just a quarter of an acre and had a tiny back yard. In April of this year, 75 Dandy, an untouched 1965 house similar to 65 and also on a full acre sold for $1.215. Presumably, the buyers were aware of 7’s sale’s price and still opted to pay for that full acre.
You put those two sales together and 65 in its renovated condition doesn’t seem crazy at all but I’m still uncertain I’d attribute so much value to an extra-large yard.
But that’s what makes a horse race.