An object in motion stays in motion ….

642 Lake Avenue, once listed for $4.995 in November, 2015, has continued its fall, and dropped to $3.2 million today. I’ve written about this house before, and my opinion remains unchanged: somewhere between the town’s appraisal of the land, $1.5 million, and the extra “value” added by the $1.250 house. I’m inclined to see it as pure land value, period.