Probably not the right thread since I don’t think the asking price is outrageous but it’s been on the market for a while so any thoughts on why this home has been sitting?
https://redf.in/Y7hmZO
I’ve seen the home-some issues I see are the 1st level bedroom has no closet, upgrades are necessary in the kitchen, particularly bathrooms, whole house flooring, etc but it’s mostly cosmetic upgrades, so while renovations would cost money (prob 100K?) it should not be that intense of a project.
The one other thing I thought about is some people may not want a loft on the third level? They would rather have it on the second level, but I truly don’t see this as a three story home. It’s sort of a 2.5 story home, as it’s not a full flight of stairs to get to the third level and plus the loft is truly nice and spacious with a full bath, home theater, office space. Also despite the small lot (3,700 SF) on paper, there is something about the setup here, the backyard appears to be more spacious than some 4,500+ SF lots in Woodbury.
Despite the upgrades needed, a $2.15M price is not that outrageous from my perspective, . Even the initial ask price of $2.25M is not that bad, maybe $2.5M would be a stretch but 2.0-2.25 M is right in the ballpark of where this might ultimately sell, so appreciate any thoughts on why the market does not seem to value this home, what am I missing?
