Loss on Will Merry Lane

46 Will Merry, purchased for $2.525 million in 2011 and originally listed this time at $2.695, has sold for $2.1 million. I don’t gloat over tales like this; there’s no pleasure, only sorrow, in seeing a family take a financial wallop, and I mention it only to illustrate the perils of buying a property in a “compromised” location, which Will Merry is.

The house is a good one, the back yard is great, and the noise level from the Merritt is almost negligible, but the Merritt is there, and historically, prices on this street have been discounted because of that.

That said, $2.1 strikes me as a good price for a very nice house, and I wish the buyers all the best.