6 Watch Tower Lane, which went to contract in just 21 days (and to an accepted offer even sooner) closed for $1.125 million on an asking price of $1.295. Nice house, good street, I’d thought it was worth about $975,000, but I was wrong.
Meanwhile, over on the southern side of Riverside, the land rush in the Bramble/Druid/Hearthstone micro-neighborhood continues apace. 38 Bramble, maximum building size “about 3,700 sq.ft.”, asked $1.595 seven days ago and already has a buyer. In the past two years, 12 houses priced at land value only ($1.2-$1.8) have sold, presumably as tear downs. I’ll be interested to see how all this works out for builders over there.