A sale, an accepted offer and a price cut

37 londonderry
37 Londonderry Drive, which was a teardown even before one of our storms (Sandy? Irene?) put a tree through it, asked $1.380 million and got $1.150. Interesting example of how real estate markets can work: brother Gideon, whose listing this was, tells me that after sitting unloved and unwanted for a loooong time, two buyers turned up simultaneously with offers. The higher of the two got it. That happens more often than buyers think, and often they accuse their agent or the seller’s of some sort of conspiracy but (with the exception of a couple of agents I know), it’s not a scam. I showed this property to several clients and all were turned off by the noise that rushes unimpeded from the Merritt across the Burning Tree golf course greens that offer such a pretty view and buffet the house. Obviously, at least two buyers decided they could put up with that.

5 Marin Dale (per PhotoShoppe)
5 Martin Dale, $3.2 million, reports an accepted offer. Just like Londonderry, I showed this to two buyers who rejected it because, they felt, it was a half-done renovation of a low ceilinged, outdated house. I didn’t disagree, and thought it would fetch about what I sold the 0.6-acre house and lot down the street for last year, $2.250. Again, someone apparently doesn’t share that opinion, and more power to them. It’s a great piece of land on an excellent street, so I’m sure they’ll make out okay.

217 Taconic
And 217 Taconic Road is back, now asking $14.5 million. Eleven acres, 17,000 sq.ft. of custom-built house (including horse barns, I presume), it’s pretty damn nice. Too bad the owners started at $24 million seven years ago in 2006 – they could have sold it long ago and gotten about their lives.