When dreams smash into reality

175 Cat Rock.jpg

175 Cat Rock Road, which 700 days ago started at $3.295 million, has sold for $2.2 million. The tax card shows a 2001 sale for this property of $3.9 million, but because the Greenwich Association of Realtors has eliminated prior sales going back that far, I have no way of readily knowing whether there was, perhaps, more property involved in that sale, with a subsequent lot split, or just an incidence of irrational exuberance on the part of a buyer.

Either way, $2.2 seems like a decent price, today.