(Public) schools are closed this week and that plus today’s miserable weather has kept real estate activity low, but there’s one pending sale reported that’s of interest: 4 Rapids Lane (off Winding, off Lake), currently asking $2.995 million. Ignoring the value of having a beautiful house to live in all these years, the owners haven’t hit a home run here.
They paid $3.7 million for it in 2000, renovated it and last year put it one the market at $3.975. That price had to fall a million dollars before this buyer showed up. Ow.
(It’s being carried on our tax roll at $4 million, so there’s another ow coming for us taxpayers. Our next reevaluation should be interesting, and if by then the Hartford Democrats have made good on their threat to impose a 1% tax on real property, ow ow ow.)