Price drop! Couple knocks $1 million off asking price

Posted at 9:24 AM, Jul 13, 2016
and last updated 2016-07-13 09:24:22-04

RICHMOND, Va. — A mansion for sale in Richmond’s West End just got more affordable – by about $1 million.

The home of Bill and Pam Royall at 5103 Cary Street Road dropped in price at the start of this month from $3.95 million to $2.89 million.

The reduction reflected the removal of two adjacent buildable lots that were part of the original listing. Those lots, totaling about 1.3 acres, are available to a buyer but are no longer required for a sale of the home, said listing agent Bill Gallasch of Joyner Fine Properties.

“The lots are each a building site; however, the seller is giving the purchaser of 5103 Cary Street Road the option to buy one or both lots before others,” Gallasch said.

Gallasch listed the nearly century-old Tudor Revival home a year ago with his wife, fellow Joyner agent Ceci Amrhein-Gallasch. He described the removal of the lots as a restructuring for the listing, which now consists of the nearly 6,000-square-foot home and 1.2-acre lot.

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