Where to begin? The 5,341-square-foot townhouse at 23 West Cedar Street in Beacon Hill had not traded since June 1997 for $1,347,500 when it hit the market in May 2011 for $3,300,000. It wasn't long—three weeks to be exact—before its price tag was cut $50K. The listing was then removed in June, only to reappear almost exactly two years later after an extensive renovation. Its new tag was $6,250,000, which didn't last long either: It was cut by $350K in October 2013. Still with us? Then 23 West Cedar found a buyer. Then that pending sale fell through. Then! The listing was back on the market for $5,900,000—only to disappear again. The townhouse materialized yet once more in April 2013 with a new listing brokerage, Gibson Sotheby's, and the same price tag. Said tag was then chopped twice in the ensuing two months.
As of last Friday, 23 West Cedar was off the market—as in the Big Off: It had closed. The final price? $5,125,000. Keep calm and carry on.
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