Living inside a public park is something you don’t see every day. In fact, 1925 Gough is the only privately-owned building sitting right inside Lafayette Park, giving it some serious bragging rights. You would think that kind of address writes its own check.

Apparently, the market had other ideas…

This unit spent 305 days trying to find the right buyer. When the dust finally settled, the price didn’t land at the $4,995,000 tag. Instead, it closed at $4,575,000. That is $420,000 under asking.

Properties in this price range can be tricky. Sometimes you have to wait a year for the right person… other times you just have to adjust the expectations to get it done.

For more Underbid sales, head to The Goods.

Thinking of buying or selling? Contact us today.