A thorough whacking, unfortunately

9 Mountain Laurel Drive, way up near New York, has sold for $3.550 million. That’s a substantial sum, but the sellers paid $4.9 for it in 2005, and put some substantial money into renovations. My guess is that even $3.550 will prove to be a regrettable price a few years from now.

I haven’t recommended any properties in this area for, I’d guess, a decade, except to Bedford/Banksville residents who wanted to stay close to their friends and neighbors, but escape Westchester County taxes. As an “investment”, it’s a black hole.