Another price cut on Midwood

17 Midwood Drive

The house that Kimberly Timbers built – and got sued for its efforts

17 Midwood Drive, which started off under Ogilvy in 2014 at $5.750 in 2014, picked up a new broker and a new price awhile ago, and is now marked down again, to $3.995 million. Decent enough house, I suppose, but the modular construction (NTTAWWT) and what appears to be staged furniture retrieved from a cheap warehouse don’t help its chances.

You could be buying a bit of history, though: The case of Nusbaum vs. Kimberly Timbers LTD established the law (in favor of the defendant) on the enforceability of arbitration clauses even when they run counter to statutory laws like our Home Improvement statute.

Whether that’s enough to induce anyone but a lawyer to spring for this house is open to question.

6 Comments

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6 responses to “Another price cut on Midwood

  1. Anonymous

    I agree that this looks like a good value.

  2. The second link goes to the first link and vice-versa

  3. Anonymous

    This will get me in trouble with some people, but has O’Gilvy ever sold a property for anything near what was asked ? I just assume that everything they have listed is horribly overpriced, and I live in Virginia…

  4. MyTwoCents

    This house is really nice inside. Its sits up on a knoll and is flooded with natural light. With town water, gas and sewer it seems like good value to me?