Note to Agent: Don't Shoot Pics of Listings With Cell Phone

This week’s installment is a dandy little Colonial on Station Rd. Currently asking $739,900 EXPIRED, it was originally listed at $949,000 on August 17, 2006 and has spent 806 actively-listed days hurtling toward oblivion. In the interim, it has had two tenants, who I’m sure have made an excellent contribution toward accelerating the depreciation.

Given that the current tax assessment on this property is $694,000- and that virtually no properties in this range sell for even the amount of the tax assessment in Branchburg- will this house ever find an owner? Or, will the next owner be the lender who financed the construction?

7 Thoroughbred, just listed for $589,900 REDUCED TO 574.9K AND IN ATTORNEY REVIEW.  Lovely house, but it’s asking over the tax assessment.  Virtually no house in Branchburg in this price range sells at the level of the tax assessment these days.