I’m still catching up on the real estate activity that was reported while I was away, and here are three “pending” sales that caught my eye.
45 Midwood Road (Deer Park) last asking $3.695 million, started at $4.750 way back in 2016. The sellers paid $3.375 for it in 2012, at what was ostensibly the bottom of the market, and sunk a fortune into renovating it between 2013 and 2014. Bad decision.
110 Shore Road, Old Greenwich, $2.795 million (ask), took over four years to fall from the $3.895 looked for in 2014, and down considerably from its 2006 purchase price of $3,919,316 in 2006. That’s a long time to Move On.
Nice house, mind you.
599 Lake Avenue, started in 2017 at $4.199 million, dropped to $2.995 before it found a buyer, but find one it has. I note that the town’s been carrying this property on the tax rolls at an appraised value of $5.620 million: too many of these, and our Grand List is going to take a whacking.