Bidding war in Riverside?

I haven’t contacted listing agent Ann Simpson to confirm, but I see that she’s reported a contract for 45 Lake Drive South just seven days after it was put on the market at $2.195 million. Given the lag time between an accepted offer and final contracts, it seems likely that the offer came on the first or second day. And given the lack of inventory in this price range in Riverside, I’d be surprised if that offer wasn’t one of several.

Lake Avenue South is a very, very nice street and deservedly popular. It doesn’t appear that these owners did much to change this 1927 house after they bought it in 2010 for $1.995, and the asking price reflects that, but I suspect it doesn’t matter. The house is ready for a thorough renovation, and the street should support whatever new money is put into such a project.