I love Mead Point, but even with a price cut, I don't get this house

field point.jpg

569 Indian Field Road, which started in May, 2017 at $4.1 million, has now dropped to $3.6. It’s a functionally obsolete house on 0.9 acres in a 2-acre zone, which limits new construction to a maximum FAR of 3,528 sq. ft., including garage, etc., and its existing 4,510 sq. ft. seems irredeemable.

Obviously, that’s just one man’s opinion, but so far, the marketplace has echoed my sentiments, so …..

What will the true value of this house prove to be? I don’t know, but I’m guessing today’s price cut won’t be its last.

 Calipygian R not us

Calipygian R not us

 I do believe that’s a non-venting range: I’d expect better at this price

I do believe that’s a non-venting range: I’d expect better at this price

 Washer/dryer in the garage? Really?

Washer/dryer in the garage? Really?