Listed since 2015

1

You’d think that maybe they’d do a price reduction.

https://www.redfin.com/WA/Bainbridge-Island/8929-8921-Mandus-Olson-Rd-NE-98110/home/113709258?utm_source=myredfin&utm_medium=email&utm_campaign=ios_share&utm_nooverride=1&utm_content=link

2

I don’t see a direct route from that Island to Seattle… they might have to take a ferry… that might be a problem…

3

It’s a 35 min ferry if you have a car. It’s about 25 without a car, since you can get off a lot quicker. The homes on the island that are priced well sell fast. That one is odd. I’d expect a far bigger main house for $3.5M. It’s tough to value since there’s a second house and a bunch of other buildings. You’d think they’d reduce the price after being listed for so long.

2 Likes
4

Isn’t it quite common for luxury homes to take awhile to sell? Your market is very select and for something like this which is not exactly conventional it will take a special buyer…

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5

Its been listed since 2015. Another year on the market and value will come up to the listed price!

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6

That’s short compared to this one:

https://www.redfin.com/CA/Atherton/65-Selby-Ln-94027/home/1876601

It’s been for sale since 2012…Zillow will tell us the whole history unlike the MLS:

https://www.zillow.com/homedetails/65-Selby-Ln-Atherton-CA-94027/15577995_zpid/

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7

It does take a special buyer. $3.5M can get you on Lake Washington in a much nicer house. The main house is “only” 2,100 sq for which is very small for $3.5M. I feel like whoever buys this would have to own or want to own horses. They’d value the property.

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8

Maybe not enough buffer from RWC.