We've been following this Kenwood mansion's market travails for some time. Our PriceChopper post from early April showed the losses sustained over a year-and-a-half span: the 5,000+ square-foot "confident classic" had slipped from $2.4M to $1.55M. Although in great shape and attached to a 40' x 150' lot with a 3-bed coach house, the place wouldn't budge. Our inclination at the time was that the post-renovation pricing was overly ambitious, so it's reasonable that the listing had to take a large step back in order to sell. And sell it has, to an investment firm principal for $1.6M, who told Crain's he and his wife dug the renovation. Hey, at least the seller got a little morale booster in the end. [Crain's, previously]
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