It’s a bit to our north but speaking of good sized reductions and changing expectations, 1650 Indian Valley Road has just been listed anew up in Novato. Now asking $3,995,000 for the 6,000 square foot Marin County villa on 16 acres with plans to “modernize.”
At $3,995,000 it’s a reduction of just $5,255,000 (57 percent) from its asking price of $9,250,000 in June of 2007 (that’s a CMA we’d love to see).
UPDATE: A plugged-in reader discovers a better source for photography (including a few interior shots) and a bit of history. And yes, we’re still looking for those plans as well.
∙ Listing: 1650 Indian Valley Road, Novato (5/3.5) – $3,995,000 [MLS]
∙ Unofficial Inventory (And A Righteous Reduction) At 601 Dolores [SocketSite]