Back Country woes continue

43 richmond hill.jpg

43 Richmond Hill Road has dropped, again, and is now asking $3.295 million, a price that actually offers quite a bit of house for the money. But this street, after a brief flurry of activity in the 2003-2007 years, has witnessed a continuing loss of value.

43 asked $6.395 when it was newly built in 2004, and finally sold for $4.9 million in 2006. That proved to be its high-water mark. After some improvements, it was put up for sale again in 2010 for $5.495, and sold in 2014 for $3.7. This time, in 2016, it was initially priced at $3.995, and as we've just seen, it has yet to find a buyer.

There a number of things working against this house: it's miss-mash architecture (what gives with that tower/silo thing to its left?), decent, but not fantastic quality, boring interior, and its location so far from town. All that, and the fact that Richmond Hill homes no longer command their lofty prices of 12 years ago.