PRICE DROP #5 - 33 Lowther Avenue - ANNEX
As I mentioned in my last post about this 3 bedroom, 4 bathroom semi on a 23.79 x 138.25 foot lot at 33 Lowther Avenue in the Annex, it has been listed on and off for over a year and a bit.
Here is the price history:
May 2008 $2,800,000
February 2009 $2,749,000
May 2009 $2,495,000
May 2010 $2,595,000
June 2010 $2,395,000
September 2011 $2,479,000
September 2011 $2,300,000 *SOLD*
As you can see, it sold 2 years ago for $2,300,000.
It was listed again in May 2012 with what appeared to be no changes for $4,200,0000.
A $1.9 Million increase!?!
Insane.
I thought it was more of a $2,800,000 house.
By the time I posted the first price drop in October 2012, a reader had pointed out that a pool, a patio, and a rooftop deck were added....
But I thought it was still a $2.8 house.
By June 2013, when the price had been reduced to $2,999,900, I thought they were on the right track. But it never sold, and instead of another decrease...
They INCREASED it to $3,400,000.
I compared it to someone not wanting to share their ice cream.
I mean, if you don't want to actually sell your house, why bother listing it (or giving your girlfriend a spoon)!?!
By October, the price was decreased again to $3,195,000...
Still no sale and the price has been dropped again.
Now, the new price is $3,150,000....
Or $950,000 for a pool, a patio, and a rooftop deck!
So, yeah.
Still too high.
But getting closer!