Taconic Road sale

69 Taconic Road, whose fortunes I’ve detailed here previously, finally sold Friday for $4.2 million. The owners purchased it via bidding war, $1.750 on an ask of $1.595, on March 19, 2024 from JP Morgan, which itself had gained title from a defaulting dentist/borrower here in town.

The place was a wreck so the buyers got busy, did a quick rehab, and put it back up for sale August 7, 2024 at $4.750. They stubbornly refused to drop that price even in face of market indifference until May, 2025, when they reduced it to $4.550 million; that didn’t do the trick either, so they eventually (unfairly, is my guess) fired their agent, hired a new one, and dropped the price again, to $4.495. As noted, a buyer did eventually appear then and agreed to take it off their hands.

They could have done better, sooner, with a little bit more price flexibility.

Condition at foreclosure: