These things often don't work out

528 Riverside Road sold as a building lot for the surprising sum of $2 million back in January 2015, and those buyers resold it at a $400,000 loss less than two years later. They, in turn, tried selling it for $1.9 million in July this past year and today have retreated to the sum they paid for it, $1.6 million. I’m not sure how much money they put into preparing the land for a new house, but whatever it was, they’ve lost it, and more.