New listing in Riverside

275 Riverside Avenue, $5.4 million. The owners have done a remarkable job redoing this house that they paid $3.375 for in 2013, including adding a pool and, mercifully for their neighbors, digging out the dormers the previous owners had buried in the roofline and putting them where they belong.

A complete renovation, but will it support this aspirational price? I understand the logic: there has been a $5+ sale on Riverside Avenue before; once, 247 Riverside, which sold for $5.3 in 2015. That house, however, came back on the market this past June at $5.795 and expired unsold this December. Would it fetch $5.3? Will this fetch $5.4? The market has slowed, even in Riverside, and the street itself is not what I’d consider one of our premier bylanes (said as someone who lived on it for 29 years), so this may not be a quick sale.

Dormers as originally installed