Well that didn't work out so well

99 husted.jpg

99 Husted Lane has been reported as sold for $4.3 million. The owners paid $4.395 for it in 2014 (just 14 days on the market) and put it back on the market in July, 2016, for $5.1 million after it was, according to  its listing,

"updated with a new gourmet kitchen and family room, updated bathrooms, new windows, doors and shutters, new cedar roof and copper gutters, new driveway and electronic entrance gates, updated electrical and more."

This is a beautiful 1935 home, on an excellent street, and I'm not sure why the market reacted so negatively to it. It does serve, however, as a cautionary tale against sinking huge money into improvements that your aren't going to stick around long enough to enjoy. It's usually impossible to recover those costs if you resell in just a couple of years of occupancy.