Sale price reported on Clapboard Ridge building lot

89 Clapboard Ridge Road, $3,582,500. Here’s what I had to say about the place when it went pending last November:

89 Clapboard Ridge Road, currently priced at $3.9 million after starting at $5.1 million 413 days ago. The owners paid $3.3 for it (with a teardown on site) in November 2021, a house was designed but never built, and they apparently changed their minds about the entire project.

I’ll be curious to see what the final selling price is; usually, buyers assign zero value to someone else’s house plans, so you wouldn’t expect the property to sell for much more than it did in 2021, but in this market, who knows? Certainly, no one willing to pay a $1.8 million premium for those plans stepped up, but a buyer has appeared, at some price.

Hmm. Deduct an approximate 7% for transaction costs and it’s about a wash, ignoring the costs of designing that building and obtaining permits.