Last of the Palmer Hill/Hillcrest subdivision finds a buyer

18 Hillcrest Lane, priced at $3.985 million, is under contract. The design is a bit too stark for my taste, but builders’ colonials wore out their welcome with me long ago, so why not?

This land was originally part of the 9.7-acre lot at 269 Palmer Hill Road purchased by this developer for $4 million. He razed the existing 1900 house, which wasn’t unjustified, and carved the land into four lots, selling two at $1.6 and $1.750 respectively, built a house on what’s now 20 Hillcrest Lane for $3,697,500, and now this one. Total revenue, $11,032,500. There were obviously some substantial hard costs incurred in preparing this subdivision, but it seems he made out.

BRRR