318 days after hitting the market at $1.995 million and failing to find a buyer, 121 Round Hill Road's price was cut today to ... $1.850.
Under the same ownership for the past 40 years, this 1927 house needs a lot of work, notwithstanding the listing agent's promise that "This home is ready for you to make it your own and create instant added value with the ''money makers in remodeling'' - kitchen and bath renovations".
Baths and kitchen are just the start of what is in fact a total gut-job, and the market obviously agrees, because it's shunned it for almost a year. No one asked my advice, but I'll give it anyway: buyers obviously weren't willing to pay that opening price, and it should have been dropped no later than 30 days after being put up for sale. And that price should have kept dropping until the proper value was achieved. Waiting all this time before finally taking a tiny nibble from the price is going to achieve nothing.