Thursday, September 25, 2008

12 Druid Lane, Rvsd
Nice house, but not selling
This new house has been officially on the market since April 2007, but was only finished in June of this year, which is usually when the clock starts running (few people are willing to buy a hole in the ground but it's nice when it happens). It's been priced at $3.850 until today, when it dropped to $3.550. That's probably a little aggressive, but it's a nice house on a good street so I think market conditions are more to blame for its failure to sell than its price, although these days, some very nice Riverside houses are climbing down into this price range and the competition is building.
One drawback, perhaps, is the builder's decision to drop the house below street level. He did so because he's a thoughtful guy and didn't want his house to tower over its more modest neighbors but, in my experience, buyers hate driving down, even a few feet, to a house. Too late to re-think that now, unfortunately. Nice guys finish last?

2 comments:

Anonymous said...

I remember a pretty nice house on Gilliam Lane that was below street level yet admired by many.

Chris Fountain said...

You may recall that after that German fellow built a house next door and blasted to do it, the crawl space on Gilliam Lane flooded after every rain. Not fun.