Riverside contract

88 Meadow Road, an old (1929) charmer, asking $2.795 million, reports a contract. It started at $3.595 in February of last year, but an $800,000 cut seems to have flushed out a customer.

Meadow’s a great street, and though this buyer will probably want to do some extensive updating and renovating here, I think the new owners won’t regret their purchase.

The difficulties this house had finding a buyer can certainly be attributed to initially overpricing it, but it also, in my opinion, offers support to the Mickster’s earlier observation referring to another property: new and nearly-new homes are doing well, while older homes are encountering headwinds.

My own taste runs to older homes like this one, but I’m not the market.