101 Indian Head Road (aka “2 Red Top Road”)

Ah! Now here’s a good market test, I like market tests. 1.55 acres (1-acre zone) on a little private lane off Riverside’s Indian Head Road…

Broker David Birkic has just brought it on the market…

101 Indian Head Road

Ask is $2,995,000, which sounds to me like “in the ballpark”. Here’s a couple of comparables, to help us figure it out:

Indian Head Road land sales

But the comparable I really like is this one…

66 Indian Head Road

Why do I like that one? Because it was a tear-down with 1.27 acres that sold for $2,050,000 in May, 2010 BUT…after those owners leveled the lot and had a new septic system installed, they sold it for $2,675,000 in Aug. 2011. Keep in mind, Birkic’s listing has a substantially larger lot and is on a quaint little private lane.

101 Indian Head Road, broker Dave Birkic's latest...

101 Indian Head Road, broker Dave Birkic’s latest…

66 Indian Head, last sold for $2.675M in 2011.  Could this be the comp?

66 Indian Head, last sold for $2.675M in 2011. Could this be the comp?

3 thoughts on “101 Indian Head Road (aka “2 Red Top Road”)

  1. Sewer is not available at 66 Indian Head, although it extends past this address. No vacancy, so to speak. Bad planning, once again, at town hall.

    • Anon:
      Hmmm…I did think about 112 Indian Head Road as a comparable but I rejected it for the following reasons; the existing house was worth renovating (and the new owner told me that’s his intention), the property has a really, really nice, rentable ($3,000+/mo) cottage with separate driveway, AND, there appears to be zero wetlands. All of that elevates this property to a different level, hai capito? (a tid-bit of Italiano there)

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