Slim pickings out there – the spring market traditionally starts the week after MLK’s birthday, so maybe it will this year, too.

29 Pecksland
I did like 29 Pecksland Road, a 1730 (?) home beautifully restored and expanded. It’s a great house and its price tag of $4.650 million isn’t absolutely crazy but here’s the problem: it has an adjoining 2 acre lot and the owners are asking $7.3 million for the house and the lot. I don’t think 29 needs additional land to make it a desirable place to live – it sits on its own 2 acres, and how much work do you want your Mexicans to do?, but I don’t think the land next door is worth $2.675 and I know that most buyers don’t want a building lot next door.
If I were the seller, I’d keep the price of the existing house where it is and lop the heck out of the price of the second lot. A buyer might then see the package as an affordable deal with the separate lot serving as a long-term land bank, so to speak.