Home Selling in Gladwyne>Question Details

____________…, Home Buyer in Texas

Why does this property keep coming on and off the market.?

Asked by __________________, Texas Wed Dec 12, 2007

DOes anyone know why 814 Conshohocken State Rd in Lower Merion has been thrice placed on the active status to only be removed from the market within a month or two over the course of couple years. Are these seller's serious? I remember there was article regarding the renovation of this property in Main Line Today and the owner's said it was their "forever home" but soon thereafter it started this "on again off again" listing ...insights?

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According to the Multi-List System(MLS) the home was purchased in 1998 for $2.3 million. Renovations were done in 2000 and the house listed for sale in Jan. 2005 for $5.4 million. It stayed on the market unchanged for about 7 months and was then withdrawn. Almost 2 years later, in June 2007 it was again listed, this time at $5.7 million. Less than one month later it was posted as "temporarily off the market" in the MLS. That status remains at this time.

The reasons to move could be one of many....death, divorce, relocation or change in financial status are just a few possibilities. Only the owner or someone close to them could speak with certainty. The listing agent should know, but due to confidentiality, should not forward the information. From looking at the timing of the listings, we would hazard a guess (and that's all it is) that the owners were enticed by the idea that they could possibly make a tidy profit on the sale. It would be difficult for many people to turn away from $3 million if it was offered. Just our thoughts.
2 votes Thank Flag Link Wed Dec 12, 2007
The reasons can be numerous, Talk to your agent if you have one, I can look it up for you and send you the MLS history details if you wish.
0 votes Thank Flag Link Wed Dec 12, 2007
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