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PRICE DROP - 107 Park Road - ROSEDALE

PRICE DROP - 107 Park Road - ROSEDALE

This house in Rosedale that I posted back in October and said was ridiculously overpriced at its starting price of $3,550,000 has now had a second price drop.

The first price drop to $3,299,000 happened at the beginning of February.  I said it was still too expensive.

Well, today, they have dropped the price again to $2,995,000.

Is that going to find a buyer?  I still don't think so.  I am thinking more $2,500,000.  Maybe $2,300,000.  Maybe lower...

Hope this price drop helps for the owners sake but this is a good lesson in pricing your house right the first time around.  

$3,550,000!?!  What were they thinking?  

The lot size might be big at 61 x 122 but neither the land nor the house on it are worth THAT much (it could easily be a tear down, or deconstruction, or serious reno).  

If people thought $1,180,800 was crazy for a similar lot in North York, what would people think of 3 times that in Rosedale!?!

listing

55 Rhodes Avenue versus 35 Rhodes Avenue - LESLIEVILLE

55 Rhodes Avenue versus 35 Rhodes Avenue - LESLIEVILLE

mishMASH Monday

mishMASH Monday