Priced at $5.250 million long ago and far away on another planet, this house eventually dropped to $3.8 and sold yesterday for $3.370 million. Assessment is $3.009,250. There was nothing particularly wrong with it; partially renovated, with important stuff like kitchen and master bathroom (I think) done, and a huge backyard that, unfortunately, overlooks Putnam Cemetary. Ghosts don’t bother me but they do some people – my guess though is that more were scared off by its price, not its ossified neighbors.
Tag Archives: 10 Sparrow Lane
40 Meyer Place in Riverside, one of those “convenient to transportation” locations, sold today for $920,000, down from its asking price of $1.095, 1.08% of its $853,000 assessment.
UPDATE: I blew this call. Back in September when this house was reported as under contract I predicted it would sell for “well below” its assessed value. Not the first time I’ve been wrong and certainly not the last.
10 Sparrow lane, a nice older house with a good yard backing up to a graveyard started out at $5.250 in February 2008 is reported “pending” today. Its last asking price was $3.8 million so depending on its actual selling price, it could come out quite a bit ahead of its $3.0 asessment. Or not – we’ll see.