And it's back again

7 Loch Lane is coming on the market with a guide price of $13.495 million. Long time readers will remember this house as it struggled through the years; listed in 2003 for $13.995 while still under construction, its builders ran out of money while it was still half-finished and it sat empty for years, a crumbling monument to underfunding and a deteriorating market.

The lender WaMu, had its own difficulties — it failed in 2007 — the loan was transferred to some other bank, and eventually the builders signed it over to their creditor. That institution completed the project in 2019 and sold it to the current owners in 2020 for $6.9 million. No mention is made of any improvements performed on the place since the bank’s contractors left, so we’ll assume that the $13.495 price represents what the owners feel is an appropriate appreciation and inflation rate, and perhaps it is.

I’m pretty sure that the garden the listing agent has included in her illustrations is the product of wishful thinking and the liberal use of artificial intelligence, so I’ve felt free to improve on her efforts.