This house reported an accepted offer last month but it didn’t take. Today it’s got another accepted offer (or the same – sometimes deals fall apart and then come back together). Asking $4.450 million.
The Rockefeller development of Stillman and Sherwood is looking much less raw these days as trees and plantings mature. Most of the homes there – maybe all of them – have been built by Sean Shay and he crafts a very good house. The area has been whacked by the recession, though, perhaps even more than other areas. In 2007, homes here routinely asked $6.5 and up, even though they often ended up selling in the mid-fives, but the past two years have been tough. One built in 2007 and priced at $6.650 sold in 2009 for $4.850 and 10 Stillman asked $6.450, also in 2007, before selling for $4 million in 2010. Houses on Sherwood have fared no better.
So this one’s beginning price of $4.450 was a reflection of market realty and is now under contract in less than six months.