It’s not looking good for the few remaining low-slung postwar Ranch homes on Banks St. in once-aptly named Ranch Estates, in the northeastern stretch of Boulevard Oaks. Last year architect Karen Lantz took apart the Ranch at 1514 Banks, piece by piece. Three more of them have been idling on MLS for months, two at what the sellers consider lot value. The third, at 1515 Banks (pictured above), isn’t priced a whole lot higher, but it’s been out there since September of last year, shedding $50K from its initial $599,950 price tag. Will the owners even get back what they paid for it 15 months before putting it on the market?
Next door and down the street, the two similarly styled homes aren’t doing much better. Monday was the one-year anniversary of 1509 Banks’s debut on the market, at a good $80K above its current “lot value” listing: $499,954.
Will 1539 Banks’s recent price cut help it any? For $419,500 — $58.5K off its original September 2009 pricing — the home makes a “beautiful building site.”
- 1509, 1515, and 1539 Banks St. [HAR]
- Previously on Swamplot: The Slowest Demo in Town: Karen Lantz Pulls a House Apart