Better value in older homes?

I think so, because there’s less demand for them. Case in point, 141 Old Church Road, a 1938 house which just sold for its asking price (after three months) $1.950 million.

The sellers paid $1,526,500 for this property in 2000, performed some renovations and put it back up for sale in 2005 for $3.450 million, a ludicrous price that failed to produce the desired result.

But $1.950 for a nice house on a 1.25-acre lot, close to town seems like a good deal for all parties.It’s probably not what you’d describe as a family-friendly yard or even home, and that reduced its appeal, but not every buyer out there has three children to home school.