Greenwich, Connecticut real estate, politics, and more.
Greenwich, Connecticut real estate, politics, and more
66 Tomac Avenue, Old Greenwich, purchased for $2.3 million in 2014, is reported as pending, last asking price $2.145. A pretty-much predictable 1924 house, and a tad boring, but what can you expect for two million?
Oops!
186 Shore Road, on the way to Tod's Point, sold yesterday for $5.5 million. New in 2010, it sold for $6.625, and, after improvements/additions, was returned to the market in 2013 at $7.995. It's a gorgeous house, but located right on one of our busiest (sunrise to sunset) streets, and has a neighbor in what was once its back yard, conditions that caused some of us at the time to question that 2010 price, and to laugh at it in 2013.
Location, location, location.
Will that bounty attract more poor people to the city to enjoy the loot, and drive out anyone still left who makes a real salary? "I'll take 'yes', Alex".
A builder paid $1.6 million for 7 Turner Drive back in January, 2017, razed it and built new, and it's now pending at $5.995 million.
From the "many a slip t'wixt cup and lip" department, I had a wonderful couple, she an artist, who almost picked up this place for $1.550, before their plans changed. I'd assured them that, so long as they didn't put much money into the existing house, they'd make out fine on a land sale down the road. Would have worked, too, dang it
50 Hillcrest Park Road has sold for $2.3 million. That's a discount from its 2004 price of $2.785 million, and its 2013 sale price of $2.565, but it's still an act of catching a falling knife (which I literally tried the other day, unthinkingly — cut the hell out of my finger, but avoided stitches). Horrible architecture, no yard; what's to like?
2 Ledge Road
It's become tiresome to follow the news these days. A story about students and teachers required to wear slippers in school to "eliminate the hierarchy" is both beyond parody and yet so typical of what's going on in our society as to sink beneath mentioning. Or the budding movement among "woke" make feminists, both here and in Scandinavia, to forbid little boys to pee standing up: apparently it's a symbol of male toxicity, or something.
Or yesterday's news that a staffer on the Senate Intelligence Committee has been leaking secrets to journalists for the past 30 years. Yes, there's a deep state, despite denials by "true" Republican conservatives, and all Democrats, but who ever doubted it?
Today's news is yesterday's news, and I'm sick of it. Is let's focus on local real estate for the nonce, even though there's nothing much new there, either.
2 Ledge Road. Old Greenwich, a spec house on the market since 2016, for instance, dropped its price from $5.495 million to $4.295 and has finally found a buyer. Anyone who thinks that hiring a poor architect saves money should consider this case study.
7 Old Mill Road has cut its price to $6.450 million from its opening offer of $6.875. Perfectly nice house, though not a style that's currently popular, but there are currently 61 houses for sale in the $5.5 — $7 price range, so competition is fierce, while buyers are few. Twenty-eight houses in that category did sell in the past year, but most of them had been marked down considerably.
Will this one escape their fate? Time will tell.
28 Dairy Road has sold for $3.950 million, four years after starting off at $5.795. A poor bargain even at its sale price, in my opinion, but I was struck by this bit in the listing:
OWNER PAID $5,125,000 BEFORE RENOVATION
Pre-fab, stuck down in a holler, what's to like? Though I admire the seller's admission that he'd foolishly overpaid for the place back 14 years ago.
7 Carriage Road, off of Cognewaugh, new construction, has sold for $2.350 million. Undistinguished architecture, but it's new, and has bells and whistles attached, so no huge surprise here. Builder paid $850,000 for the lot, for those of you interested in computing construction costs: take away a third for overhead and profit, and Bob's your uncle.
49 Midwood Road, $3.825 million (price corrected per sharp-eyed reader). Impressive price that shows there's a healthy market for building lots close to town, especially in Deer Park, but I''ll note that it took four years and a series of price cuts from its 2014 offering of $5.795 to find a buyer.
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