Sale at the lower end

23 Fado Lane, Cos Cob, has sold for $867,526. I usually don’t write about houses at this end of the price range because I try to entertain, and there’s not too much to say about a 1965 split-level, but it’s all that’s on the MLS activity report today, I have to have some material, and what the heck, it’s always useful to know what’s going on at the other end of the bracket.

Besides, I’ve always liked Fado Lane. It’s a self-contained micro-neighborhood of split-levels built in the early 1960s, many of which, like this one, with tiny backyards carved out of ledge, with friendly neighbors, an annual block party, and a convenient location, perched at the lower end of Cat Rock. As a place to get a toehold in Greenwich, it’s not a bad place to start and even, gasp, stay.

Houses like this have been selling in the high$7s to mid-$8s for lengthy period now, with little to no appreciation (this seller paid $830,000 in 2006) and even, though it might have been a miscalculation, $915,000, for No. 27, in 2017.

So, nothing spectacular here, but nice street in a neighborhood that, ignoring inflation, seems to be holding its value.