12 Sawmill Lane is now asking $6.4 million, down from the $7.8 it originally asked a year ago. It’s a gracious old (1937) home, with beautiful grounds and close to town, but when you price, say, a $6 million home at $8 million, you kill interest. Tough call here because the usual $8 million home probably takes a year or so to find a buyer, so you don’t want to slash the price too soon, but if you’ve misjudged the proper price, that year waiting for a buyer is wasted, waiting for a buyer who isn’t going to appear.
It will be interesting to see whether that buyer shows up now. Unfortunately, after too long on the market many homes are shunned by buyers: “no one else has wanted it, why should I?” The answer is, “because no one wanted it at its original price; it’s well priced now”, but the stigma remains.
Interesting that the owners would update kitchen appliances yet leave the 1980s cabinets. It’s a tough call whether to redo or not because one could redo and still have a buyer hate it. Better to leave it old I guess and let new owner create the space. No pix of bathrooms either so I guess they are also gut-worthy. Beautiful bones and yard though.
Beautiful.
Sawmill is nice neighborhood. I have a few clients up there. There is some merrit noise, but for the amount of house/land you can get on that street, not a bad deal.
BigMike, there is no Merritt noise on Sawmill
I have really good hearing!
🙂
12 Sawmill is no where near the Merritt – this is not a question of good hearing or not. It is exactly smack in the middle between the Merritt and the 95.
Sawmill lane?
Is 1 mile from merrit parkway
At least 5 miles from 95.
Maybe there’s another sawmill lane In town? Wouldn’t be the first time they did that.
when i see so much flowery decor, i immediately think of scrapple and old people.
Scrabble the word game, or the um, “food”?
What does the front of the house look like?
What are they hiding?