Sale in Nosebleed territory
/1068 Lake Avenue, listed in October at $7.495 million, has sold for $6.550. That’s an improvement from the 2014 sale at $3.750, and even higher than the price achieved in 2000, when, two years after being built and trying for $5.9 million, it sold for $4.8.
My opinion of this place has always been that it’s an odd house with an odd layout, in an inconvenient location, but at least three different buyers have disagreed with that assessment over the past quarter-century, so there you have it.
The buyers are from Bear, DE, a modest town with, apparently, much to be modest about, at least according to Zillow:
Originally a small crossroads in a rural area, approximately 14 miles south of Wilmington, the area supported small farms growing mainly corn and cattle. In the late 1980s and 1990s Bear became a popular location for the construction of sprawling housing developments and shopping centers along U.S. Route 40. Much of Bear runs along the highway, and extends to approximately Delaware Route 896.