Never listed. 2 acre building lot, $4.350 million. That’s pricey, but seems to be the going price for this particular lot, because it sold for $4.040 million in September, 2011. It wasn’t listed then, either, although just as this sale, agents managed to get their commissions. Bless their hearts.
Interesting phenomenon here, by the way, and one I see increasingly: intra-office sales, one agent to another, without ever exposing a property to the competition of the MLS. This one hasn’t left Sotheby’s in the past two transactions, even though four different agents were involved. That’s a great deal for the agents involved because they don’t run the risk of another agent and her client horning in and, to be honest, this sale, at least, seems to have traded about where it should have, so no harm to the seller. My guess is that as the two or three huge firms in town swallow their smaller competitors they’ll have sufficient agents to create their own in-house market, and we’ll see a lot more of this. Eventually, that will hurt homeowners, because a transparent, open marketplace is the only thing that keeps agents honest.
On another note, 167 Bedford Road, reported as having an accepted offer just last week, has been returned to the market. Don’t know what went wrong. This property’s been kicking around a long time, having started at $5 million and now asking $3.695. Looks like it will be around a while longer.