Another price cut for this Cos Cob house

I wrote about 681 River Road three weeks ago, asking what was wrong with it, and why it couldn’t sell. Placed on the market in March, 2025 at $2.985 million, it was then asking $2.575, and that struck me as, if not a brgain, at least a reasonable price.

A reader who had toured it with every expectation of placing a bid, wrote in after he’d seen it, giving his impressions, and a list of things that dissuaded his wife and him from making an offer. But still, he (and I) thought that the low inventory and this home’s relatively low price would encourage someone would step up. Wrong: Friday it dropped another $100,000.

After a year on the market, a house develops a stigma and drifts towards free-fall. I don’t know where the bottom is for this property, but it must be getting close.