Riverside sale
/14 Pierce Road, one of Brother Gideon’s listings, asked $1.4 last April and immediately found several interested buyers, one of whom closed on it yesterday for $1.5 million.
The owner did well here. Represented by that same brother, he paid $540,000 for it in 1997 and has rented it out ever since, at a monthly rental, on average, of $4,500. That’s about $1.3 million received, plus tax benefits, and if he spent any money on upgrades, they were well hidden.