It will happen, but probably not quickly, and probably not at this price

35 locust.jpg

35 Locust Street, nestled against our western border, has been placed on the market today at $3.595 million; the sellers paid $3.495 for it in 2014. A genuine antique (1802, with bits of it perhaps dating to 1750), with a couple of rental cottages that throw off enough cash to pay the mortgage, it’s bound to sell, but its location works against it. What was once a bucolic setting is now bounded by I-295 to its left, and Westchester Airport’s flight path overhead, and that’s a nasty combination.

The previous owners tried for $4.195 in 2011 and waited three years before a buyer appeared and paid them that $3.495. He, in turn, should be so lucky.