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98 Mt. Vernon Bucks Trends: Sells for Under Ask, Takes Forever

'Tis a norm in the Boston housing market that homes go for over-asking, or, at least, darn near to it. 'Tis also a norm that they go fast.

The 5,115-square-foot townhouse at 98 Mt. Vernon Street hit the sales market in June 2012 for $4,700,000, having last traded two recessions before for $5,525,000. Dating from 1850, the townhouse has five bedrooms; four full bathrooms and two halves; a skylight in the dining room; central air; a private back garden as well as a roof deck; a wine cellar; and a goddamn television in the elevator. Sure it looked like it needed a little work, but it seemed a cinch that the townhouse would sell and fast and for more than the $4,700,000, eh? In a deal that closed June 28, 98 Mt. Vernon traded for $4,300,000. That's after 372 days on the market for those of you scoring at home (and you know who you are).
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