8 Dearfield Drive, cheek by jowl to the commercial zone, asked $1.195 last February and promptly entered a bidding war. It closed just now, at $1.4 million.
39 Hearthstone, on the other hand, has cut its price to $1.795 just 59 days after starting off at $1.950 million. It sold for $1.450 in 2009 and when it first came on this time I questioned whether it could really fetch such a premium price for some fairly modest improvements. Guess not.
And back with yet another broker and a brand new price, 12 S. Baldwin Farms is now looking for $5.295 million.
Jay Silver assembled this spec home in 2007 and priced it at $12.495. That proved to be the wrong price for this French Chateau/farm house/American Eclectic style (the “Dog’s Breakfast Model”, I’d call it) and its price dropped down to $8.995 in 2008, when Patriot Bank started a foreclosure suit. The bank eventually prevailed and brought the house back on in 2011 for $7.499. That price was no more popular than Mr. Silver’s suggested retail so now, another broker, another price.
At $2.975, you might have a deal.