When 1216 Albemarle Road came on the market with early last summer for $1,900,000, it didn’t take a genius to know that there was no chance in hell buyers would take the bait. After all, the botched project included a partially-finished structure and LPC-approved plans to return the house to its 1965 (rather than original) design. Earlier this month, the listing moved from Mary Kay Gallagher to Corcoran, where it restarted its “time-on-market” clock with an asking price to $1,595,000. With the market still unimpressed, the price was axed another $395,000 last weekend to its current ask of $1,200,000. We gotta say we think the owners are still deluded. Do you agree?
1216 Albemarle Road [Corcoran] GMAP P*Shark
House of the Day: 1216 Albemarle Road [Brownstoner]