PRICE DROP #3 - 50 Burton Road - FOREST HILL
And it has been listed forever.
This house was first listed in February 2011 at $7,500,000.
A year later, it was dropped to $6,695,000. I first posted it in August 2012 when the asking price had been sitting at $7,500,000 since May 2012.
It needed a lot of updating. I thought it was more of a mid to high 5s house...maybe low 6s.
It didn't sell and by July 2014, the price was dropped down to $7,195,000.
Then in May of this year, they raised it again to $7,588,000.
It's now back down...