Trouble on Frost Road
/10 Frost Road has cut its price to $3.695 from $3.9 — it was purchased for $4.2 in ‘07, with substantial updates, including a new slate roof (think mega-bucks) since then.
And 22 Frost Road has been on the market for 780 days now, having dropped from $5.795 to its current ask of $4.495. Also purchased in 2007, these owners paid $5,036,624 back then, and have completely redone it, so there’s a lot more than that $5 put into it.
Frost Lane is a great street: close to town, 2-acre lots, and beautiful homes, so what gives? I assume that just like “brown furniture”, 1920s Normandies have fallen out of favor and today’s buyers don’t want them, no matter how excellent their condition.
Which is too bad, because these are both great houses, and at their current prices offer far more than the newer homes in this price range. To me, that is — if they don’t appeal to a younger buyer, that’s what’s determinative, not my taste.
But their loss.