Hangover offering on Pecksland

No, not one associated with tomorrow morning, but one dating to the irrational exuberance four 2005 real estate market. 52 Pecksland Road has just been listed for $2.7 million.The house sold in just 15 days back in 2005 for $3.495 million, but that buyer experienced a financial reversal of fortune in the following years, and the property was resold to this owner via short sale for just $1.650 — the existing mortgage was $2.271 million, so the lender took quite a shave.

In any case, that buyer, this owner, has replaced the mechanicals and roof, upgraded the kitchen and baths and is now asking $2.7 for her efforts. It will be interesting to see whether Pecksland will support that price level for a 1953 house.