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Real Estate Sold

In 1902, popular East End architect I.H. Green built a classic shingle style cottage for one Max E. Schmidt—a prominent engineer that you've never heard of. The Woods Lane property sat quietly until May of 2009, when the current owners decided to sell the place for $3.950 million. After a couple of inactive months, the price shed 5%, leaving it at $3.750 million. But a year later, the property actually found a buyer willing to pay the full asking price—even in this economy! We assume that the cottage's legal four bedroom guest house had something to do with it. [StreetEasy]