Showing posts sorted by date for query another expensive view. Sort by relevance Show all posts
Showing posts sorted by date for query another expensive view. Sort by relevance Show all posts

Thursday, April 10, 2008

Another expensive view?


Barry Roberts bought the Henry Hills House and all the surrounding property from the Amherst Boys and Girls Club last year for $750,000 then paid $75,000 in moving expenses to bring a house from Kendrick Park that he bought from the town for $500 and then flipped everything for $1.12 million.

Now the new owners want to sell the Henry Hills House “as is” for $850,000 (with little land). They put some work in the Kendrick Park house and want $650,000. Amherst College gave them two old houses AND will pay for the moving expenses. They will probably want $650,000 for each.

Now the town is salivating over the two remaining lots down on Main Street (to protect "the view" of the Henry Hills mansion) with a price tag of $400,000. Hmmm.

This simple $750,000 transaction from a year ago is fast becoming a $3 million windfall. In Their Own Words