21 Knollwood has sold for $2.475 million. The sellers paid $3.9 million for it in 2007, so it wasn’t surprising that they initially asked $3.495 for it in 2017 but alas, we’re no longer in 2007, so a steady series of price cuts took place over the ensuing months. What turned out to be the final price cut, from $2.999 to $2.499 was taken this past November 13 (reported here), and a contract was signed in less than two weeks. I think the buyers did very well here: in fact, when that last $500,000 was sliced off the price I immediately emailed a client and suggested that the house might work for the family. Turned out it didn’t, for them, but that doesn’t mean it’s not going to be a fine home for the new owners.
Similarly, 110 Clapboard Ridge Road, which has sold for $17.5 million, has a perfectly satisfied buyer. I’ve scoffed at this house for years, as it slowly dropped from an asking price of $35 million to $24.995, but I heard from the buyer after my final post on the subject a couple of weeks ago, and she said she was entirely comfortable with the price she was paying for, it seems, essentially a summer home to host grandchildren. Hey — as said then, when the sale was reported pending, with the proper amount of wealth, if you know exactly what you want, price is almost irrelevant. I, and several readers, wished her joy when she first wrote in, and I do so again.