AND IT WENT FOR - 190 Forest Hill Road - FOREST HILL
I first posted this 5+1 bedroom, 8 bathroom house on a 45 x 191.5 foot lot at 190 Forest Hill Road in April 2012.
But it had been listed since 2011, when the asking price was $6,495,000 (unless it never sold in 2008 when it was listed for $5,950,000).
It never sold for $6.5 in 2011 and the price was dropped to $5,998,000.
It is a nice house with some great art, but $6 million!?!
When the price was dropped in May 2012, 3 weeks after I posted the house, the price was changed to $5,680,000.
It didn't sell and the house was brought back on the market in November 2012 at an increase!
The new price was $5,950,000.
Unsurprisingly, it didn't sell and the price was dropped in December to $5,749,000. Guess what! It didn't sell.
Well, looks like I missed another price INCREASE because this house was relisted in July 2013 for $5,895,000.
It has finally sold...
For $5,268,000.
Considering that it is $1,227,000, or 23%, less than the initial asking price, not great for the owners...
My guess in May 2012?
$5,200,000.