Sale price reported

5 Skylark Road, came on the market on September 28 priced at $1.395 million, which seemed about right for a house of this age and this location, but it went instantly to multiple bids and sold today for $1.601.

Which leaves me puzzled, because I don’t see this price supporting a new spec house, and even a renovation is going to soak up a ton of cash. But, clearly, there’s more than one optimist out there.