Price fail way up on Lake Avenue

979 Lake (go past Whitby, look for sign), has dropped to $1.199 million. When this 1968-construction first came on the market in June, 2017, it was priced at $1.995 and three months later its then-listing agent dropped it to $1,749,500 and proclaimed a “HUGE price reduction, home now well below Zestimate”. Unfortunately for her and the owners, the town’s appraisal back then was $1,326,500 — still too high, but a number that undoubtedly cast doubt on the realtor’s boast and Zillow’s estimated value.

This property might fetch $1.7 in Riverside — not a price I’d recommend, but Riverside’s funny — but it was never going to get close to $2 million in this out-of-town location. $1.1 might do it, I suppose, but a lot of time’s been wasted here.