Illustrative Demo Property

7 Hollowfield Lane

Ridgefield

$1.56M

score 47

Offer packet — every number, sourced, on one printable page

Asking

$1,560,000

$400/sf · 96 DOM

Open at

$1,349,000

-13.5% vs ask

Adjusted comp value

$1,710,600

sold-comp anchor, adjusted for the issues below

Walk away above

$1,762,000

within your $2M target

open
$1.35M
ask
$1.56M
target
$1.71M
walk
$1.76M

Everything between open and walk is your negotiating room. The ask is below comp-implied value — either a genuine deal, or the comps flatter this house (similar-size medians don't adjust for lot, street, or finishes). Read the AI's price verdict before assuming it's free money.

How that number is built

Comp-implied value$1,770,6003,900 sf x $454/sf median (11 comps)
Work required−$60,000Install Central Air Conditioning, Replace end-of-life boiler and oil tank
Adjusted comp value$1,710,600

Not deducted from value — budget for it separately

  • • Full Kitchen Renovation ($32,000–$50,000) — dated but working; a preference, and the comps already reflect houses like it
  • • Primary Bathroom Renovation ($15,000–$25,000) — dated but working; a preference, and the comps already reflect houses like it
  • • Guest Bathroom Renovation ($8,000–$13,000) — dated but working; a preference, and the comps already reflect houses like it
  • • Oil Heating System Inspection & Servicing (Interim—Before Re ($150–$300) — an inspection, not a defect
  • • Foundation & Water Intrusion Assessment (Contingent on Basem ($300–$600) — an inspection, not a defect

Your leverage (9.5%)

  • • 96 days on market
  • • already cut 14.5%
  • • relisted to reset DOM
Say this: “Comparable sales in Ridgefield support about $1,770,600 for 3,900 square feet. Accounting for work required, we're at $1,710,600. We're opening at $1,349,000.”

Comps that justify it

19 Larkfield Bend$1,800,0003,950sf$456/sf2026-03-26
10 Bellwether Lane$1,745,0003,840sf$454/sf2026-05-20
14 Woodmere Trail$1,855,0004,070sf$456/sf2026-05-02
33 Highfield Close$1,690,0003,720sf$454/sf2026-06-18
6 Windgate Hollow$1,910,0004,180sf$457/sf2026-04-11
23 Ambleside Road$1,630,0003,600sf$453/sf2026-06-30