Price cuts
/14 Baldwin Farms South, which wanted $6.8 million last June, can now be yours for $5.850. Built in 2006, it sat vacant and unlocked during the crash and was mostly dead by 2009, when Patriot Bank foreclosed on its builder. The bank sold it off to a third party in March 2011 and they completed it and resold it to these owners a few months later for $5.462. There’s probably still room for this price to drop.
And 36 French Road also cut its price today, to $6.250 million.Started at $9.250 back in 2017, still falling.
And still lower down the food chain, 35 Boulder Brook, priced originally at $2.995 million in 2017, is priced as of today at $2.295. The owner bought if from a foreclosing bank in 2016 for $1.250 and proceeded to rebuild it. He can’t have put anything close to a million into that effort, so he’s probably still alright.