14 Martin Dale, a pretty-much-vanilla spec house when it failed to sell for $5.995 in 2008, dropped its price, eventually, to $4.350 and has a buyer. At the new price, given the street and location, I suppose it makes sense; if the buyer can avoid dying of boredom inside.
Daily Archives: May 4, 2015
145 Parsonage Road, $5.495, reports a pending deal just a week after hitting the market. The sellers paid $4.995 for it a couple of years ago, added a generator (what, $20,000?) and otherwise added a few years of wear to it, so they’re making out well.But a grand old house, on a fabulous street, so I’m not surprised.
30 Sherwood Avenue, $2.495, listed as both land and residence, has a buyer. The sellers bought this house and guest cottage on 7.5-acres from Elie Weisel in 2004 for $2.5 million, totally renovated it, added 1,000 square feet to it, and placed it back up for sale in 2010 for $3.850 million. Five years and a lot of price cuts later, it’s on its way to being sold. I wasn’t wildly happy about the renovations:they kind of destroyed the writer’s feel of it, and it has some Merritt exposure, but the house was much more livable after its changes, and it does have a separate building lot, so $2.5 would seem like a bargain on almost any other street. Unfortunately, Sherwood Avenue is one of our “fringe areas”, and it seems that everyone who’s bought here in the pst couple of decades has lost money. The current buyers will probably do okay – the sellers, obviously, lost their shirts.