Silver started off in 2007 asking $12.495 million, lost the place back to – who else? Patriot Bank in 2011, and left the scene, while Patriot tried, first, $7.499 (September ’11 Jim Campbell, broker; Jim’s on a losing streak) and various prices since then, culminating now with another broker and at what I’m sure they hope is near its final resting place. Perhaps the latest cut, from $5.700 to $5.295 will prove to be the trick, but I’d be astonished if the final sales price doesn’t begin with a four.
There wasn’t much to like about this house – certainly not at $12.5 or even $7.5 million, from its entrance via a stone causeway over the swamp that comprises its front yard, to the skimpy patch of yard in the rear (ignore the trick photography, it’s a handkerchief-sized back lawn), to the weird, sort-of-French-manor, formal exterior, to the informal country kitchen look inside. I suspect a committee of architects deigned this place, with
interference “input” from the developer. Whoever was responsible for the final result, they doomed it from ever achieving anything more than a fire-sale price.
So, is a price in the high-fours the right fire-sale? I suppose so – there’s a lot of house here, and it all seems to have been well made, exterior design notwithstanding. 2 1/2 acres, some of it useful, close to town, must be worth something, and I’m sure replacement cost for the house itself would be higher than this is selling for. Of course, if someone did replace this they could use a different architect, but hey – then you’d be paying more. There’s some very nice, livable space in here, so maybe you only arrive at night (leave the exterior lighting timer off).