Here's another (almost)20% price reduction, from $785,000 to $640,000. That's probably where it should have started, in my opinion, but now it at least looks realistic. Of course, the seller may have done himself a disservice by starting off where he did but ....
There's a "new" listing way up Taconic Road today asking $3.5 million. It's actually an old listing for a house on 4 acres that didn't sell at $4.0 million and, while $500,000 may seem like a lot to whack off the price, sellers should remember that the place didn't sell at the original price, so the price reduction doesn't really represent an actual out-of-pocket "loss" of 12.5%. It's a bit of a slice off the dream, perhaps, but dreams have no monetary value. I think this property is still in dreamland.
1 year ago
Posts
3 comments:
Well, you beat Raveis to their own news!! They haven't updated the webpage.
that sound beach ave place just went from hilariously overpriced to laughably overpriced. place is on a busy road, is hideous from the outside, and is no doubt a total dump inside (as evidenced by the lack of interior pictures in the ad). as for the land value, that works out to about $3.2m per acre-- it would take some kind of magician to turn a profit on a teardown there. The right price for this place is somewhere south of $500k.
W.
Question for W - If it was hilarious at 785K and still laughable at 640K, how about when it started at $887,500 ?
My thesaurus doesn't go that far.
Post a Comment