7 Orchard DriveThis is getting interesting
This property in Milbrook sold for $3.780 million in September 2004. The new owners returned it to the market in May of '06 as land or residence and asked $4.895. That hasn't worked so well and it's gradually dropped in price until today it's being offered for $3.295. I don't know if, in this market, that will finally move the place, but if you're looking for the difference between 2004's market and 2008's, this is the place to start.
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5 comments:
Chris,
This asking price represents a 13 % decline to 2004 pricing. Do you think this is representative of where the market levels are today?
Retired IB'er
Chris -
If you represented the owner of a house - that was on the market for rent - for a year - and - a renter - wanted to rent it for 5 mos. with -two dogs - offering less than the monthly dollar amount asked - what would be your advice to the owner?
(I can see renting it for 5 mos. if the renter offered more money - however - I would be very concerned about the damage that the two dogs could create.) Just wanted to tell you what I was thinking - and I would be interested to read your advice.
Thank you for your consideration!
Chris - I also wanted to tell you how much I enjoyed reading the quote spoken by General Hammerstein Equord - if there are more - please consider sharing them - thank you for your consideration.
Hmmmmm....Looks like that works out to 87% of late 2004 prices. Does that equal 2003 prices?
Please keep posting these current listings along with the last sale data. It does a good job of showing where the market is...or at least where some sellers hope the market is.
At one time it was listed as two lots. I believe someone was trying to divide it into those lots but a neighbor objected.
There was also a demolition sign on the house for a while but that has been removed.
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