This is a great house that started out at $3.795 in ’08 and sold today for $2.304 million – 61% of asking price. The owners paid $1.975 million for it in 1998 and poured a ton of money into renovating it so as an investment, it was no better than Bear Stearns stock, but they had a lovely place to live for years. There are two similar houses still for sale on the same street, still priced way up in the $3s. But, as their owners will tell you, those houses are different.
And here’s a surprise: 4 Buxton Lane, asking $2.795, has sold for $2.4 million. That’s not only 86% of its asking price, it’s substantially higher than a similar house sold next door in 2004 or 2005. Well, Riverside is a nice place to live and someone obviously liked this home’s build and back yard more than he cared about the noise from I-95. Or perhaps he’s a truck spotter – they pay extra for proximity to their quarry.