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Chestnut Hill Greylock Estate Is Reduced By More Than $150K

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A name like Greylock implies gravity, power, a pack of Irish wolfhounds running across the grounds in slow motion. It does not imply acoustic ceilings or rooms with industrial carpeting. It was built in 1909 for Pittsburgh steel titan Henry A. Laughlin, who bought it then for $150,000—which is almost as much as today's price reduction on the property. The huge Chestnut Hill stone mansion looks, from the outside, like it suits its name, but the price chop may be due to the interior, which needs major updating to be habitable for residential living. Greylock—with central air, high-speed Internet, a conference room, an elevator and tons of parking—could be a corporate retreat or possibly a cult's headquarters. But buyer beware: The neighborhood shot down a charter school's move into the building when the school wanted to make changes to the historical building. Surely, though, the acoustic ceiling can come down. Size: 8 beds, 4 full baths, 4 half-baths, 18,000 square feet (incl. carriage house)
Extra space: 4,000-square-foot two-story carriage house
Outdoor space: 6.7 acres adjacent to Fairmount park
Price: $1,799,000
Size of chop: $176,000
· Listing: 209 W. Chestnut Hill Ave. [Long & Foster]