Greenwich, Connecticut real estate, politics, and more.
Greenwich, Connecticut real estate, politics, and more
35 Hidden Brook, land sale, $2.675 million.
I'm a trifle confused about this lot, because it once offered a third of its 0.7-acre land as a separate lot, but that listing was cancelled in February. So one lot or two? If just one, seems pricey.
(March contract). 5 Dairy Road closed at $5.2 million, down substantially from its year-ago price of $6.350, but above what the sellers paid in 2010, $4.7. Of course, these owners added 2,000 sq.ft. to the house and pretty much re-did everything else.
Different markets. In 2010, the house was priced at $4.695 million, and sold in 19 days via biding war for $4.7. This time around, it took 488 days and $1,150,000 in price cuts before a buyer showed up.
Unlike the other side of Dairy, houses on the east, especially this one, have a pretty spectacular view.
I wrote about 18 Interlaken Road on Tuesday, describing it as a bargain, and predicted that it would sell quickly.
Accepted offer today; unfortunately, the buyers weren't my clients.
You can lead a horse to water, but a pencil must be lead.
CORRECTION: Jumped the gun. There are offers, but none accepted yet (apologies to listing agent, Joy Metalios). This its really a no-brainer: put, say, $200,000 into it, get a house worth $2.3 million.
15 North Crossway, asking $6.995 million, is reported as pending by its listing agent Joe Barbieri just a little more than a month after hitting the market. (I've given up on Gideon adopting me, so I'll now shift my attention, and affection, to Joe).
The sellers paid $6.5 for it in 2009, put some money into renovations in 2010, and they're coming out just a little out-of-pocket — compare that with, say, $20,000 per month for rent over nine years, and even with property taxes and maintenance, they've done just fine.
It's a lot to pay for a view on the wrong side of Lucas Point: better to see down the Sound to the New York skyline, but what the heck
Not saying it's a utility switch house, but it could be confused for one
280 Riversville Road is "new' to the market, and priced at $2.125 million. Who takes these listings? The house has been on the market since 2015, when it started at $2.1 million, dropped imperceptibly to $1.995, and when that listing expired last month, was raised to its new price. Fountain rule of thumb: if a house won't sell at one price, raising that price won't help.
The link leads to today's listing, and no photos are up yet, but ere are some from previous attempts.
Better inside
And a bath fit for Nero
The Zebra, of course
But the pond needs mowing
Harvey Weinstein's brother Robert's weekend house at 207 Byram Shore Road, asking $19.750 million, is reported (by the original agent) as pending. Weinstein paid $16.4 million for it in 2000, completely gutted and renovated it and, after a divorce, put it back up for sale for $32 million in 2013. Five years, many price cuts, a gone-bad-brother and bankruptcy, all seem to have combined to produce a willing seller.
My guess? Under $16.
17 Taylor Drive, Cos Cob, was listed at $599,000 in April and went immediately into "highest and best offer" status. That highest offer has now been reported as $660,000.
The house overlooks the CVS parking lot, but Taylor itself is a quiet little dead-end, and there is practically nothing for sale in this price range, so it's no surprise that this property was the subject of a bidding war. It's my hope that a young family seeking entry too the Greenwich market prevailed here, but I'm guessing that a builder snagged it.
14 Conyers Farm Drive is new today, asking $7.5 million. Fifteen acres of undeveloped land, it sold for $6,077,500 in 2009, $12,000,000 (!) in 2000, and $2,000,000 in 1995.
Given the trending down of Conyers Farm values over the past decade, I think the area is drawing closer to 1995 pricing than 2000's.
Still, an idyllic spot, and if another Cliff Asness comes along with huge, deep pockets and an itch to build, maybe this price will work. If I were the listing agent, my friend Joe Barbieri, I'd add a video to the presentation package, such as this:
14 Druid Lane
14 Druid Lane hit the market in February at $2.195 and almost immediately was engulfed in a bidding war. It just closed at $2,367,500
Good house for this price range, and Druid couldn't be more convenient to Riverside School, Eastern and the train, so it's not surprising that it attracted multiple buyers. Dreadful, cliched staging, though: I'm sure the stager will claim it was her work that produced such a quick sale, but I'm betting it was the dearth of decent Riverside homes in the low $2s that caused buyers to overlook the staging.
Either way, it sold.
The animal hide
the fuzzy-wuzzy
And a bonus leopard
2 Deerpark Meadow Road (corner of Lake Avenue) has sold for $11.1 million. Built as a spec house in 2008, its developer tried for $16.250 back then, but gave up in 2009, when it became obvious that our real estate market wasn't supporting such high prices at the time.
It came back on this past February at $12.9, and this buyer "snapped it up" at a discount.
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