This prewar 1936 colonial was listed just five days ago for an incredible asking price in today’s market. For some reason the seller appeared to grossly underprice the home, at an amazing ask of $244,900. Perhaps this was a brilliant strategy to create a lot of interest and spark a bidding war. This three bedroom, one bathroom home of 1,534 square feet is on an oversized lot of 0.26 acres. Whats more remarkable is this home is on a dead end street at the very north end of Paradise Green just below the Mill River Country Club.
This home looks to be in relatively good condition for the price, with various updates already made. This dead end street is one of the best streets in Paradise Green. The dead end would almost guarantee a very livable and safe street for a family with children. Its also a very quiet street due to being a dead end, where most streets in the neighborhood have a medium amount noise because of the through-traffic.
I heard there are at least 8 other offers on the house, maybe more. I am predicting that the house will likely sell for $30,000 over the asking price – around $274,900 is my guess. Even at this price, it looks like a great buy as it is very difficult to find a solid home in this price range on a dead end street in the neighborhood. It always comes down to the location. Two equivalent homes on different streets (different surroundings) cannot truly be considered comps. I will update this post to share what the sale price is once it becomes recorded in the public town records.
Since this is a larger than usual lot (double lot) the owners of this property over the years decided not to subdivide and sell the land for a new construction. Throughout Paradise Green, there are very few original lots of this size remaining, as most were split off and sold during the boom years of construction. Who can blame them? It must have been tempting to subdivide and sell off some land for a profit, and perhaps then sell your own home and move. Most lots in this neighborhood are half the size, non-conforming by today’s zoning standards, and are around 0.13 of an acre. This lot is still 0.26 of an acre, so there is a nice wide space between this home and the neighboring house to the right.
With that amount of space, I would relocate the driveway to the right side of the house and tear up the current one located on the left. I would then replant that left side with a lawn and add a wall of emerald green arbor vitae plantings for additional privacy as the neighboring house is close.
Stay tuned for new blog posts coming soon where I’ll share a few other rare original “double” lots that were never subdivided. There is one property on Reed Street and another around the corner from Reed on Meritine Ave with the original double lot size. These are cool to see because you can kind of imagine what the town used to look like before World War II, when the homes were more spaced out with larger yards and less population density.
To get notified when we post new homes for sale, subscribe to our email club here.
Information posted is merely the opinion of Time or Space for entertainment purposes only. All information published can be found in Town Records which is made available to the Public.