Sales prices reported

21 Knollwood drive

21 Knollwood drive

21 Knollwood has sold for $2.475 million. The sellers paid $3.9 million for it in 2007, so it wasn’t surprising that they initially asked $3.495 for it in 2017 but alas, we’re no longer in 2007, so a steady series of price cuts took place over the ensuing months. What turned out to be the final price cut, from $2.999 to $2.499 was taken this past November 13 (reported here), and a contract was signed in less than two weeks. I think the buyers did very well here: in fact, when that last $500,000 was sliced off the price I immediately emailed a client and suggested that the house might work for the family. Turned out it didn’t, for them, but that doesn’t mean it’s not going to be a fine home for the new owners.

110 clapboard ridge road

110 clapboard ridge road

Similarly, 110 Clapboard Ridge Road, which has sold for $17.5 million, has a perfectly satisfied buyer. I’ve scoffed at this house for years, as it slowly dropped from an asking price of $35 million to $24.995, but I heard from the buyer after my final post on the subject a couple of weeks ago, and she said she was entirely comfortable with the price she was paying for, it seems, essentially a summer home to host grandchildren. Hey — as said then, when the sale was reported pending, with the proper amount of wealth, if you know exactly what you want, price is almost irrelevant. I, and several readers, wished her joy when she first wrote in, and I do so again.

A contract to report, by golly

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I’d despaired of having anything notable to report of real estate news between Christmas and New Years, but lo, 7 Dempsey Lane, 12 acres of swampland and a tear-down, asking $3.990 million, reports a contract. I assume the buyer has figured out a way to carve an extra lot out of the mud here and justify a sale price of, what? — $3 million? — but you never know in Greenwich; a buyer could be perfectly content to have 12-acres of privacy, close to town, and a new house in which to enjoy it. Especially with the latest developments in mosquito control technology.

UPDATE: an angry reader has complained that I too easily dismiss houses of this era as “tear-downs”, but the listing itself implies that, devoting most of its pictures to the grounds, rather than the obsolete structure itself, and describing, for instance, the three-car, attached garage as a two-car, under-the-house garage: big difference, if one were considering retaining the existing house. The listing agent’s indifference to the description of the house says it all: I’m just following his lead.

A Christmas Tale

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A reader reminded me of this post from earlier years and suggested I rerun it. I’d forgotten about it, but the reader helpfully supplied a link to the archives and I was pleasantly surprised to see that it’s still relevant today, perhaps even more than ever.

On Thanksgiving Day, 2011, while I was preparing the holiday feast in my mother's kitchen, I heard a crash from her office. I rushed in and discovered that she'd suffered a massive stroke. This vibrant, wonderful, 88-year-old woman who was even then getting straight As at Norwalk Community College, never regained her ability to speak, and barely recognized her children. So it was a bad Thanksgiving, and Christmas a month later wasn't going to be much better.

My mother was beloved by her grandchildren and one of them, my niece Naomi, came east from California to see her, arriving the morning of Christmas Eve with her little boy Asher. Asher's father, a former Marine (sniper, then JPL engineer), had drowned before Asher was born, so he was being raised by his widowed mother. Naomi is a fantastic mother, but there's a undercurrent of sadness in the story of a young widow, a young boy, and no father. Couple that with "Mun-Mun"  in the hospital, and things weren't awfully cheery in the Fountain home.

So that's the set up, here's the point: We hadn't bothered decorating my mother's house — why bother? — and Asher was distraught when he arrived to find that there was no Christmas tree. "Distraught" is perhaps too mild a term — he was devastated. It was then about 3:30, Christmas Eve, and the chances of finding a tree vendor in Greenwich still open struck me as nil, but I loaded Asher in the car and, warning him of our unlikely prospects, the two of us set out to find a tree. 

Sure enough, nothing. The Jerombeck Brothers' stand across from St. Catherine's had shut down for the season and so, too, had every other spot we tried on the Post Road. It was getting dark by now, but I had a sudden thought, which I passed on to Asher: the town had a a space at Tod's Point for residents to drop off their trees for recycling after Christmas. Maybe, I suggested, some family had celebrated early before heading off to the Caribbean, or a ski vacation, and left a tree behind before they left. The odds were very much against us, I cautioned, maybe 100-0, but why not try? 

It was almost dark by this time, and we arrived at Tod's just a few minutes before it closed. We drove to the collection point and discovered only one, solitary tree, but it was perfectly shaped, in prime condition, and exactly the right height to fit my mother's low-ceilinged living room. I mumbled something to Asher about there being a God after all, we loaded up the tree and returned to his great-grandmother's house. His uncles and cousins showed up, a fire was lit, the ornaments retrieved from the attic, and a great Christmas Eve was achieved after all.

So that's my Christmas story. I hope all of you have similar memories to draw on in times of sadness and, for that matter, joy. And, if a reader out there remembers dropping off a tree in 2011 at the Point the day before Christmas, know that you did, even unknowingly, a mitzvah, and you might want to consider whether we're not all part of some higher plan.

I know I do.

$164,774,196 million budget, up $4 million from last year, and School Board bemoans a $1.4 million cut

And that doesn’t include $26 million in the capital improvement pot. “Our school system will be ruined!”.

I know little to nothing about our school budget but I do know numbers, and when someone says they can’t possibly shave a million bucks from a $164-million budget, I say they aren’t looking very hard.