Yet another price cut on this house

642 lake Avenue, chopped $300,000 today and is now at $2.695. It began listed life in 2015 at $4.995. I’ve commented on this house before, back in December 2018 (“Ain’t Happening”, and again in February 2019 (“An Object in Motion Stays in Motion”). Readers back them thought that $2.5 should move it, and perhaps they’re right; I notice that this time around the listing agent has dropped the original exterior shot showing the home’s contemporary design (I’ve used the photo from a past listing) and maybe that will help. I’ve always thought that its ultiate sales price will fall somehere between the land value of, say, $1.5 and a portion of the value of the $1.2 house standing on it. It’s getting closer to that magic number.

Not a $5 million kitchen, though maybe now, with the yellow removed and the price cut in half, it cAN WORK