A Boston Globe columnist ponders whether the auction route is the best way to go for a Cliff Estates house in Wellesley that cost $4.5M to build/pay for the land in 2008 and was last listed at $5.2M. Bidding starts at $3.995M. (He writes: “The tax bill alone – $51,446 – is enough to pay the salary of a police officer or school teacher in town. It comes with a music room, theater, wine cellar and mahogany library. Sounds nice if you have the cash.”)
It’s not the only auction in town either. Next month, four lots in the North Star Estates development can be had as a package.