The Swamplot Price Adjuster runs on your nominations! Found a property you think is poorly priced? Send an email to Swamplot, and be sure to include a link to the listing or photos. Tell us about the property, and explain why you think it deserves a price adjustment. Then tell us what you think a better price would be. Unless requested otherwise, all submissions to the Swamplot Price Adjuster will be kept anonymous.
Location: 2412 Wichita St., Riverside Terrace
Details: 3-4 bedrooms, 3 1/2 baths; 3,400 sq. ft. on a 10,200-sq.-ft. lot
History: On the market for almost 8 months. Price cut $21K at the beginning of May
A reader who lives in the “crazy quilt of a neighborhood” of this Riverside Terrace listing thinks this recently remodeled home dating from 1946 is worth considerably less than it’s going for:
Priced, as you can see, at just under 3/4 of a million (!) in a neighborhood where homes sell for around 200K on average. What? I mean it looks nicey nice and all, but not THAT nice.
Or is it? “It looks great in person,” admits our correspondent, after a quick drive-by. Did you catch those front doors, “replicas of those at the Chinese Embassy”? Or . . . what’s behind them?
How about . . . the pagoda?
Our reader proposes this adjustment:
If I had to pull a price out of my hat I would have to price that a LOT less. Maybe 400 – 450K? My only reasons would be prevailing sales which tend to be lowish and the fact that there are a lot of properties for sale in the immediate area, going nowhere fast.
I am sure others will chime in.