A reader brought to my attention the recent bank sale of 42 Stag Lane for $725,000. This 6-acre parcel backing up to the Merritt had been in the foreclosure process for years (8?) and finally succumbed. The ridiculous thing is that, although the owner paid $1.375 for it in 2004 and probably overpaid at that, he put it back on the market in 2006, unchanged or improved, for $2.5 million and by so doing, guaranteed this past month’s outcome. I’m pretty sure it’s been vacant for years, too, so he didn’t even get the benefit of rent-free living all those years. As a broker, I wouldn’t have accepted the listing at such a stupid price but as always, there will be someone around who will.