21 16 Okwood Lane sold for $2.3 million. I liked this house, showed it several times to different clients but the only offer we tossed at it was right around this selling price and at the time, the sellers weren’t quite ready to accept it, understandably. That changed, obviously. It sold for $1.675 in 1996 and the new owners put in a lot of money renovating it since then, so $2.3 was a very decent price, for the buyers. This started at $3.895 in 2006-2007 and then, having missed the high water mark of our market, came back on in 2011 at $3.295. A million bucks less than that and they found a buyer.
Oakwood Lane sale price reported
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For What It's Worth 
the backyard is very odd and can’t be used much. the interior is totally outdated. but $2.3 is not bad for the location and size
that is 16 Oakwood Ln, not 21
Chris, is Oakwood Lane a 1 acre or 2 acre zone street? Trying to figure out what 1.46 acre of land would be worth as a building lot by itself. It is a nice location for sure.
Pretty sure it’s 2 acre, but there’s enough land there to support a large house so I doubt it was financially punished for being undersized
RA-1 – so 1 acre zone
Ah – thanks – I was away from my computer and just couldn’t remember so I guessed, with the usual results.
So I would hazard a guess that 1.46 acres in a 1 acre zone in that location is pretty much worth 2+ MM. Sort of a great deal, get the perfectly adequate house for free.
I keep pointing that out, here an to my clients-there are a lot of listings available offering, in effect, a free house. And this one on Oakwood was a beautiful one.
Let’s see if a builder bought it due to the oversized house you can build, but yes Chris you have been right, as an investment it makes sense, get the house for free, do not have to worry a ton about maintaining it indefinitely, and let the land value gradually appreciate.