July contract, September sale

138 Pecksland asked $4.995 million, sold for $4.675. Sellers paid $4.325 in 2002 and performed a complete renovation. Including those renovations, it appears that the buyers nabbed this at a 2002 price. Deducting transaction costs, it appears that the sellers pretty much tossed in all that renovation for free.

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3 responses to “July contract, September sale

  1. Libertarian Advocate

    Ouch. That had to hurt.

  2. And they had the fun of living there for the year or so it took the contractors to rip the place apart and rebuild it.

  3. anonymous

    Shows the very weak appeal of Tudor-style houses right now. I wonder what architectural style that is popular now will be unwanted in 20 years?