39 Doubling Road, bank owned, has sold for $2.9 million. Ogilvy sold it (he had both sides of the deal), in 18 days, for its full price of $6.250 million back in 2007, and though that was a ridiculous price, $2.9 is a good deal. Most painful to me, I contacted every client I had just before the foreclosure became final, advising them, truthfully – inside information, sort of – that they could buy this for $2.5 million. No one bit, even though that was pure land value.
The house could easily absorb another $2.5 in updates and restoration, but it will be worth more than that when it is. Or, torn down and replaced, it will also be worth a fair penny.