Accepted offer and a price increase (!)

25 Woodside Drive, in Milbrook, reports the accepted offer, 45 Farwell Lane is the one that’s jacked up its price.ย 

25 Woodside

25 Woodside

Woodside dropped its price to $2.9 million a year ago, and the fact that it’s sat so long since then suggests that that drop was not sufficient to meet market approval. Still, $2.9’s an improvement over the $4.995 attempted between 2007 and 2009, and even the $3.550 that was affixed when this property returned to the market in 2011.

45 Farwell

45 Farwell Lane

On the other hand, the owner of 45 Farwell continues her brave defiance of market forces and today has raised her unsold home’s price from $7.995 million to $8.5. This fits in with the history of the house: it sold for $5.150 million in 2002, sold again, to the present owner, for $3.850 in 2010 and then, after some renovations, placed back up for sale at $8.250 in April, 2011. Showing the same disregard of market timing then as she does now, the owner increased her price to $9.150 in November, 2011. When that didn’t work, she began a slow retreat, culminating at $7.995 this August. But you missed your chance, and now you’ll just have to pay more to wrest this lovely home from her possession.

19 Comments

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19 responses to “Accepted offer and a price increase (!)

  1. Fluid Grid

    Farewell should be bulldozed to the ground.
    There is zero value.
    They won’t be able to give it away.

    • Well so far at least, they haven’t been able to sell it away.

      • It looks like a rather small house for that kind of money. Do you know what the square footage is? Are there subterranean chambers or something?

        • The tax card shows 3,959, which still seems large (there is a bedroom on the third floor, however) and a 1,694 sq.ft. partial basement. I’d guess that 1,300 of that basement is being included in the MLS listing’s statement of size. Nothing particularly wrong with that, but because practices on whether to include or exclude basement area vary from listing to listing, it’s impossible to calculate a meaningful price-per-square-foot schedule for the town, or even particular neighborhoods. That said, it’s certainly possible to come up with a good estimate of what a particular house should sell for, it’s just that the square footage doesn’t play a deciding role.

    • Likes to drive

      Aren’t you a positive contributor Mr Grid ๐Ÿ™‚

      • Fluid Grid

        I use to run on the old Perry Estate north of John street.
        To see that it was developed was a bit of bummer, but to see homes on it that are god awful and hideous and cheap and tasteless is another feeling…mostly resembling the feeling of the need to drive a bulldozer, through it, over it, and back again.
        That is, and will most certainly be a positive step in the right direction.

      • Fluid Grid

        Not even the owner or tenant can stand the place.
        Empty wine cellar
        Empty master bedroom closet.

        Sounds ripe for a torque converting tank for Italians.

        OT:
        Local economy feels soft.
        Mommies at drop off aren’t chatting about renovations, vacations, parties, etc.
        Mostly seem down.
        Maybe it’s the weather, or the time of year, but the weather has been delightful….no early snow, no hurricane, no rain. And I’ve been playing an embarrassing amount of golf…

        Banks sound like they are preparing their employees and shareholders for most cost cutting measures.

        I’m seeing fewer and fewer 4wheel Sunday toys ripping through town
        More ford explorers and fewer MB GL450’s

  2. Anon

    Are you sure that Farwell is not in New Jersey?

    http://www.luxist.com/gallery/new-in-alpine/863906/

  3. Matt

    Farewell looks like it had its landscaping done by Stevie Wonder.

    • Cobra

      And the interior by famed decorator, “Raoul of Secaucus.”

      • greenwich dude

        yeah but that media room could sound amazing if set up right. impressive hardware in there.

        • It’s been my experience showing houses to people who know about such things that whatever top of the line, super-expensive audio equipment may have been put into a house, it’s obsolete by the time the owner tries to sell.

          Or those customers who know and care enough such matters to notice have their own preferences and intend to rip out and replace what’s been installed. Either way, I assign exactly zero value to the a/v system in a house, because that’s how my customers value it.