22 Dawn Harbor, on the market since the beginning of the world (almost a year, anyway) seems to have added some imaginary furniture and curtains to its online listing. I suppose that’s nice for shoppers to see because the house itself is rather cold and empty – the owner returned to Japan long ago, leaving nothing behind but a few fuzzy dust bunnies in the corners, but I don’t think it will do anything to sell the house, and here’s why: the price sucks.
The owner paid $3.4 million for this place in March 2007 and did nothing to improve it that I’m aware of. Yet when it was put back up for sale last year, four years after the market crashed, his relocation company priced it at … $3.4 million (!) Perhaps it’s a Japanese relocation company and the bad news hasn’t made it across the Pacific yet but you’d think its failure to sell would ring some sort of alarm over there and perhaps produce a price reduction. It has not, unless you consider a drop to $3.299 a reduction – I call it a rounding error.
Dawn Harbor is one of Riverside’s better streets and this house has a very nice back yard, a combination that should help it overcome its master bedroom on the ground floor (a killer for families with young children) and a deficient, dated kitchen But nothing will help if the seller insists on believing that 2007 prices still prevail. Not even imaginary curtains.