An inquiry from a possible client about a property in Coyers Farm prompted me to check into sales and to pick the brains (a quick task) of Mickster and brother Gideon. Gideon very nicely supplied a list of 6 sales up there in the past year and, being Gideon, claims this is evidence of a “come back”. I say it’s a come down, but Gideon’s other point is valid: after a lengthy period where no one wanted to live in Conyers, now they do. At a reduced price, mind you, but still …
In any event, here are some sales:
200 Guards Road, pending: $22,250,000. Appraised (100%) value, $18,000,000
75 Conyers Farm Drive $8,838,000. Appraised value, $12,000,000. Purchased for $10.750 million in 1999, renovated in 2007.
53 Lower Cross Road (beyond the pale) $7.750 million, non-MLS sale. Purchased new, 1998, $4.5 million. Appraised value, $12,146,000.
32 Lower Cross $7.1 – original 2012 asking price, $11.750 million. Appraised value, $9.074 million.
24 lower cross $5.250 million; asked $7.8. Appraised value, $7,217,400.
And going back to October, 2014, David Stockman sold his house at 2 Cowdray Park Drive $13.150, after starting off in 2010 at $23.5 million.