Sucker punch

32 Grahampton Lane took a hit to its price today and dropped down to $2.595 million. That’s an …. “aggressive” price for a building lot these days, one that the town values at $1.6, but better than the $3.250 it was asking yesterday.

But the real puzzlement about this land is why the owners paid $3.590 for it in 2016, after it had sold for “just” $3.050 in 2013. Property values have fallen since 2013, not risen, so why did they pay $500,000 more? Beats me. So far, it’s proven to be a million-dollar mistake, and the pain continues.