An abutting property of one of my clients came on the market. I called him and said Whip, you should buy this – just like in backgammon, when you control abutting points/properties, you are in a stronger position. He said he’d pass for now. In the meantime, he did work on his property and had to get a survey done. He called me and said what’s going on with the property. I said it’s available, let’s do it. He said, let’s do it. So, we did it. He said, after we close, I’ll tell you why I’m buying the property. We closed and he said aren’t you curious? I said always. He said his $5K shed was on the abutting property and he didn’t want to deal with moving it, so he bought the property. $1.5mm property because of a $5K shed – gotta love it. Welcome to ACK!
Market continues to move – a property just sold for $5mm on Washington Street!
Off to the land of no zoning next weekend – will report bACK.