Hope it paid off

145 Doubling Road, 1989 construction, failed to sell when it was listed at $2.195 back in 2022, so the owners pulled it off the market to work on it; placed back up fo sale last August at $4.250 million, it sold today for $3.555.

The work performed was extensive and, presumably, expensive:

2024 renovation include but not limited to a gourmet kitchen with waterfall island designed by Dean, Wet bar, Wolf & Thermador appliances, new windows and exterior/interior doors, new bathroom finishes and fixtures, wide plank floors, LED lighting, new roof, exterior trim, shingle siding, exterior lighting, patio, entertainment/security system, improved HVAC systems, and much more.

So did they make back their money? Enough to justify the two years of extended ownership? I imagine that they did, although obviously, it didn’t pay off as much as they’d hoped. And note that it didn’t sell when it was priced at $2.195, so we don’t know how low that price would have had to go before a buyer stepped up.