$560K Carved Out of 46 Appleton's Pumpkin Pine Planks

After 552 days on the market, a townhouse at 46 Appleton Street in the South End threw up its hands earlier this week and chopped its price $560,000. That's the biggest of 2012 so far, though it represented barely 12 percent of the original asking price; it's now asking $3,900,000. For that, you get five bedrooms, three and a half bathrooms, 3,500 square feet, the original pumpkin pine plank floors (from 1868!), eight fireplaces (six of them working), an elevator, and a private roof deck. What gives, then? Any ideas? (The lack of parking in the price might be part of it.)

· Listing: 46 Appleton Street [Zillow]
· Our PriceChopper archive [Curbed Boston]