Back Country fire sale?
/10 Tod Lane, listed as 4.7 acres of vacant land and priced at $1.595 million reports a contract. Back in 2005, when it had a decent, 1966 house, a swimming pool, and a tennis court it sold for $2.905. As recently as 2009 the owners tried for $2.495 but failed. Now, according to the current listing, the house is gone, and “the pool and tennis court are still there but will need to be replaced”.
Did the house burn down, with an insurance payment softening the blow of losing the difference between $2.905 and whatever it’s now selling for (almost certainly well below $1.595)? I don’t know — readers?