Price cut in Riverside — that's a bit unusual

15 Palmer Lane, from $3.290 to $3.2 (2.7%). Built in 1987 and still very representative of that era’s style, the current owner paid $2.2 for it in 2001. The majority of the pictures show its water view — which is very nice — but I suspect that’s because its interior isn’t its strong point.

The town assesses it (100%) at $2.4, and that seems to me to be closer to the mark. A similar house at 17 Willowmere Circle sold for $2.5 a year ago June, and that’s a far better street, even if it’s just around the corner from this one. It also had a pool, and a dock directly on Ole’s Creek.

Mind you, that house went to contract April 9, just as the COVID lockdown had begun and slowed the market considerably, and it took a month or so before the market got back on its feet and roared upward. Several higher offers were proffered to the sellers during the period between contract and sale; in fact, the buyers were offered $100,000 by a builder if they’d assign the contract to him, but they turned it down.

But if 17 Willowmere Circle sold for $2.5, I wouldn’t think that prices have gone up enough to raise 15 Palmer to $3 million. Then again, who knows, these days?

17 Willowmere Circle (left)