It's not really anyone's fault, I suppose

16 rock ridge.jpg

16 Rock Ridge Avenue, which started at $11.9 million back in April, 2018, has cut its price to $7.9. The seller paid Ivan Lendle $4.8 million for the house in 1993 ($8,523,000 in current dollars), and “invested” more in updating/renovating it.

The $12 million range is pretty thin these days, as this seller has discovered, but maybe the $8 bracket will prove more hospitable. I note that the listing offers a $300,000 credit towards the building of a three-car garage, though whether that’s just an additional price cut, or the buyer would have to commit to actually building a garage is left unclear. Curious.