Someone wants out of town, bad

 

7 Highgate Rd

7 Highgate Rd

7 Highgate Road, Riverside, has returned to the market at $2.450 million, a huge drop from the $3.650 it was asking a few years ago, and less than the $2.840 the owners paid in 2005.  As I remember it, although it’s not much on the outside, the inside is very nice and was recently renovated. Under $2.5 in Harbor Point, with access to its beach, seems like an excellent deal.

UPDATE: Just noticed this in the comments: OWNER RESERVES THE RIGHT TO REFUSE AND ALL OFFERS INCLUDING ASKING PRICE

That’s (almost) always the case, but the fact that it’s emphasized indicates to me that the sellers are hoping for a bidding war, and why not? This is a very low price for this area (though it’s in the AE flood zone, so you’ll want to consider that fact’s effect on any rebuilding plans you might have).

15 Comments

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15 responses to “Someone wants out of town, bad

  1. Anonymous

    Maybe they are just taking your advice and pricing it for a bidding war?

  2. Anonymous

    Grossly undersized lot.

  3. just_looking

    “badly”

  4. Anonymous

    I wonder if this house would benefit from staging, or being shown empty…

  5. Anonymous

    An AE zone bidding war?

    Sure, why not.

  6. Anonymous

    Hasn’t this house been on the market and has had several different owners several times in the past 8-10 years? what gives?

    • Mickster

      No – same owner since 2005. Nice nutty Brit weekenders (?). Overpaid and when they tried to get out a few years later in 2009 totally overpriced it. Nicely renovated 1960 builders colonial in a great low lying area. Trying to get multiple bids in July – should be interesting.

  7. Rick

    Funny that there are no photos of kitchen or baths. How outmoded are they?

  8. Accolay

    Is all of Harbor Point/Indian Head area at risk for flooding? Never hear much about what happened during Sandy here.