Just in time for a final real estate item today, then off to backup-blackout for a bit.
185 Riverside Avenue has cut its price to $4.495 million, which, finally seems like a reasonable price. The original price 783 days ago was $6.875 million, a breathtakingly stupid sum – even Riverside buyers can compare values and figure out what’s laughable and what’s not.
This is a beautiful older home, restored and brought into modern times (sort of – they grafted a new portion onto the old, with mixed results) , on a great yard in a really convenient location. The only thing wrong with it has been its price, and that now seems to have been addressed. The original broker did these owners no favor by coming up with her estimate of value.