This place has a semi-interesting history. 8 Hobart Drive is off Calhoun Drive, which is off Glenville Road, a little past Eagle Hill School, at the blinking yellow light…got it? Ok, so it starts off as a
back in 2005. It has 1.08 acres (1-acre zone) and sells for $1,600,000 January 31, 2006 (aka* “the good old days”).
(aka “seconds before the melt-down”) at $7,800,000. Amazingly, it does not sell. Instead, it sits around, getting a new broker every once in a while, and is finally
at a new price of $4,599,000 December 28, 2010. 106 days after that, it sells (hooray!) for $3,963,591 on March 25, 2011. A grand total of 970 days waiting for a buyer! And if you started the clock the day they closed on the tear-down? We’re looking at a 1,885 day saga. Ughhh.
The new owners, perhaps feeling that they “stole” the place,
(great scott!) two weeks later at $4,599,000. Amazingly, it did not sell, until 245 days later, having been lowered to $4,199,000. It now sells for a second time, at $3,675,000 on January 12, 2012, suffering a $288,591 loss in the process.
Between March, 2011 and today, I hadn’t thought the market had lost much, if any, value yet here is evidence that we might still be dropping?
(Except Club Road, in Riverside, of course.)
*aka stands for “also known as” (some people don’t know this!)