In-town home on Lenox is pending

10 Lenox Drive, $5.5 million, pending after 18 days. Once a gracious, 1913 house, it had been converted to a two-family by the time someone bought in 2004 for $1.850 million. The buyer completely renovated it and it returned it to a single-family, then sold it to these owners in 2007 for $4.595. They, in turn, continued the improvement program and now, it seems, they’ll be rewarded for their efforts.

Considering what’s happened to in-town prices the past few years, this one’s doesn’t seem at all surprising. Nice house, excellent location, why not?