Nothing much of interest in new listings coming on but I’m busy chasing older listings with my clients so I suppose it’s good we’re not distracted by anything better showing up.
11 Winding Lane has taken another price cut, to $6.625 million. This has been for sale since 2007 when it asked $9.975 and it remains the prettiest building lot in town: three flat acres, lovely lawns and gardens and a location that’s just about perfect for proximity to town. But unfortunately, it has a house on it that the owner thinks is worth a lot of money while buyers seem to want to tear down. Until the owner accepts that and lowers her price to reflect land value alone or, better for her, finds a buyer willing to sink a million or so into fixing this up, I don’t think it will sell.
So what’s this three acre building lot in the two-are zone worth? I have my own idea but I don’t want to hurt the seller’s feelings, and besides, the market is already telling her the bad news.