New broker, new price, same prospects
/78 Zaccheus Mead Lane is now listed with Joe Barbieri, and the price has dropped to $5.995 million. You couldn’t find a better agent than Joe, but I’ve been following this house during its downward path from $12.950 over several years, and nothing so far has given me reason for optimism about its chances. In fact, though I predicted it would eventually sell for half its asking price back then, that marker has already been passed. There’s bound to be a bottom here, because the combination of 5 acres, a good road, and quality construction must be worth something. Question is, what?
The owner paid $13 million for this behemoth in 2006 — poor choice.