26 Connecticut Avenue, new construction priced at $2.995 million when it hit the market a year ago, has dropped again, and is now asking $1.995. The house has a lot going against it: tiny size (800 sq.ft. first floor, 900 2nd) and tiny rooms, but the real issue is its neighbor: the graveyard. I personally would have no objection to living amidst the tombstones, because I like quiet neighbors and appreciate not having to worry about future development, but as a general rule, 1/2 the market doesn't want to live next to cemetery and another 1/4 worries about resale, leaving a diminished buyers pool.
Still, Connecticut Avenue does offer a convenient location, so at some price this one should sell. Three million was an aspirational price though, for sure. Whistling past the graveyard, hoping no one would notice who was in back?