957 Lake Avenue, that 1740’s house on four acres at corner of Lake and Lower Cross, is reported as pending. The sellers paid $1.335 for it in ’02, priced it at $2.8 in ’07 and after a series of grudging price reductions, hit $1.149,after 1,202 days on market. Assessment is $1.366.
Another antique (1770?), 66 Cat Rock Road, has been returned to the market after failing to sell in 2006 and 2007 for $2.195. Today’s new price is $1.495 which is far more reasonable – in fact, I’d buy this house if I could afford to. It’s a neat old house, nicely renovated.
22 Indian Head Road, on the other hand, has been removed from the market (again) after failing to fetch the owners’ desired price of $3.399 (again). They couldn’t get that price in ’08 and ’09, and now it seems they couldn’t get it in 2010. The market speaks, but you don’t have to listen. The owners, by the way, bought this place for $2.4 in 2004 and did nothing to it. Why they thought it should be worth a $ million more baffles me.
Update: I can’t help but think of all the other, lesser houses in this area that are still holding out for prices in the high $1s and low $2s. They’re screwed.