Riverside sale

23 Chapel Lane, priced at $2.595 million, is reported pending after just 30 days, which usually indicates that the seller will be receiving close to her asking price. Purchased new fifteen years ago from builder Mark O’Brien (he makes a good house) for $2.395, there’s no appreciation here, but no loss, either, and if you add in the rental value of a house like this for all those years, not a bad experience.

I’d say this is a pretty good example of that era’s Riverside construction on modest streets, and its sales price is a good comp for houses you may be looking at in this range.