By far the largest numbers of transactions being reported lately are rentals (I’ll pull the statistics for the month and get some exact numbers, but it’s very interesting), but 11 Steep Hollow Road (off Cognewaugh) reports a sale price of $1.150 million on a $1.349 ask. That’s just about exactly where customers I showed this to back last fall thought it should land, and I agreed. Looks like the owner did too.
This sold back in 2000 for $1.145 million and the buyer put some money into landscaping and put it back in the market in 2007 at $1.949. That was never going to happen and in 2008 it was rented out, and stayed rented until this past year. Time and tenants weren’t kind to the property and it needed a complete refit, from new kitchen and baths to walls shifted and probably a new roof and windows.
While the land is mostly swamp, there’s a large, dry side yard that accommodates the septic field below and a great pool and courtyard in back that absolutely comes alive in spring (with flowers, not just biting bugs). This will once again be a very pretty house when its restored, and at this price, there should be money to do that.