The Story of the $10 Montclair Mansion with No Offers

The Appraised Value

Nobody was fooled by the $10 listing for the Montclair mansion. It true appraised value at the time was well above $1.35 million considering the comparable market values and the high demand for quality housing in the greater New York area. If nothing else, the nearby homes should have demanded at least a $1 million for the listing just to live next to the other homes that were no way listing for Walmart discount pricing.