PRICE DROP - 50 Burton Road - FOREST HILL
This house has been on the market for a loooooooooong time.
It's a 7+1 bedroom, 7 bathroom house on a 108.87 x 184 foot lot at 50 Burton Road in Forest Hill.
It was first listed in February 2011 when the asking price was $7,500,000 only to have a price drop in February 2012 to $6,695,000.
By the time I posted it in August 2012, the asking price had gone back up to $7,500,000.
In July 2014, it was back on the market at $7,195,000.
Though it's a good house, it was straight out of the 80s and it was a bit overwhelming (e.g. wall to wall carpeting in the dining room!). It needed work.
When I first posted it in 2012, I thought it was more of a high 5s, maybe low 6s house which, after two years, would make it about a low 7s house now.
They have raised the price from the low 7s price of July 2014.
This house is now listed at $7,588,000.
They should have stuck with $7,195,000....maybe a bit lower.
