Does This House Capture the Upstate Market?
A reader alerted us to this FSBO listing, a three-bed, 2.5-bath Cape on the river which was purchased for $500,000 in 2004 and is now on the market for $414,000. The owner has made a point of this fact, which leads us to believe that he or she is itching to unload it. It’s pretty far up in Columbia County, along a state road that is home to many estates–it has great views but you can’t safely walk along it. Pool, nice landscaping, all the good fancy country house stuff. It’s a sign of how much the economy is hurting, that this place could easily be had for $100,000 less than it commanded less than 10 years ago.