It probably seemed like a bargain at the time

The owners of 170 Old Mill Road bought it for $4.9 million in November 2015 from a person who’d paid $8.5 for it when it was new in 2006. You’d think it should have held its value with that kind of discount, but no: these owners priced it at $5.495 this past September, and as of today it’s asking $4.450.

It’s a soft market up there north of the Merritt.