Cranbury home $699,000 (Main St.; reduced; under contract)
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PostPosted: Thu, May 20 2010, 7:39 am EDT    Post subject: Re: Cranbury home $699,000 (Main St.; reduced; under contract) Reply with quote

If that's true it's certainly not good news for comps in the area
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PostPosted: Thu, May 20 2010, 10:05 am EDT    Post subject: Re: Cranbury home $699,000 (Main St.; reduced; under contract) Reply with quote

While this house is wonderful & historic, it needed a complete overhaul - probably a good $100K or more to be invested immediately to make it livable.

I'm happy it finally sold and hopefully we'll have a new neighbor to welcome to Cranbury.
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PostPosted: Thu, May 20 2010, 10:16 am EDT    Post subject: Re: Cranbury home $699,000 (Main St.; reduced; under contract) Reply with quote

neighbor wrote:
While this house is wonderful & historic, it needed a complete overhaul - probably a good $100K or more to be invested immediately to make it livable.

I'm happy it finally sold and hopefully we'll have a new neighbor to welcome to Cranbury.


Perhaps the realtor bought it as a spec home to just rent until the market improved or to flip. But in any event, a sale is a sale and the free market rules in the end.
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