More stirrings in the white elephant graveyard
/91 Sawmill Lane, asking $2.195 million, is under contract. Sellers bought it for $2.675 in 2005 and put it back up for sale in April 2016 at $3.125. There are some decent deals to be had these days.
And 31 Khakum Wood Road has finally closed, at $4.060. We’ve reported on the travails of this property over the years. Owners paid $7 million for it in 2006 and returned it to the market in December 2013 at $6.750, a price that showed they were willing to write off the enormous sums spent renovating the house during their ownership but, unfortunately, they ultimately ended up throwing in half that initial purchase price, too.
But at least they had an additional six years to enjoy it.