Greenwich, Connecticut real estate, politics, and more.
Greenwich, Connecticut real estate, politics, and more
275 Round Hill Road, purchased for $4.905 million in 2002 and returned to the market in 2008 at $8.4 million (thank you, David Ogilvy), where it sat for six years, is back, now priced at $4.385. To my taste, whatever charm this original 1726 Baldwin Farmhouse once had was lost long ago, but at least its price is finally reflecting that loss, a bit.
Current photos haven’t been posted yet — check back tomorrow, but here are two from 2014.
One Indian Chase has cut its price again and can be yours today for just $7.995 million. That’s almost certainly still too high, given the condition of this 1911 house, but it’s a huge improvement over the original price of $20 million set by the then listing agent Tamar Lurie in 2014. An agent who comes up with ridiculous valuations for a homeowner’s property does her no favor.
Great back yard view (at high tide)
Or that’s what I’m hearing. We’ve previously detailed Selectman candidate’s illegal campaign fraud, but things are heating up. On Wednesday, Oberlander and four other BET Democrat members are going to be fined $50,000 by the SEEC for their 2017 election fraud. That will be the largest fine ever imposed on a local race in Connecticut history, but Hearst and, sadly, because he used to be an objective reporter, Bob Horton are downplaying it.
The gist of the Democrat’s conspiracy to gain control of the Board of Estimate and Taxation was this: while the BET is split, 6 Republicans and 6 Democrats, the chairmanship of the board, with a deciding vote, belongs to the party that receives the most votes in the general election. Democrat candidate Tony Turner set up a scheme, with the knowledge and consent of his fellow Democrat candidates, including Oberlander, to funnel $350,000 in outside funds into a “get out the vote campaign”, designed to elicit votes for all six Democrat candidates but purporting to be a “Vote for Tony” effort exclusively. Remember, as individuals, Turner and his friends faced no opposition; there was no reason to spend a single dollar on his guaranteed victory, but there was a reason to generate as large a vote for the collective body of Democrat candidates: control of the BET. So Oberland and the rest dutifully filed false statements that they would be spending no more than $1,000 on their personal campaigns and set Tony Turner loose to flood the election with dark money.
The SEEC consent decree, linked to in my original post, reprinted the emails from Turner to Oberlander et als that establish this illegal circumvention of election law, and fined Turner $52,000. Oberlander and her apologists like Horton brushed off the SEEC decision as a one-off event, limited strictly to the actions of that over-enthusiastic campaigner, crazy Tony. Come Wednesday, that excuse will no longer hold up.
Again: unsourced news here, but from a “usually reliable source”. He emailed me from Nigeria, but that just shows how far this news has leaked, eh?
2 Dewart Road (corner of North and Dewart), reports pending deal. Current asking price is $2.5, and the property has been marketed as both residential and as land. The house was built in 1984, so if it is indeed headed fir the dumpster, our housing stock’s obsolescence is speeding up.
These owners paid $3.174 million for it in 2000, and priced it at $4.750 back in February, 2018, when they put it back up for sale. The town appraises the land at $1.737 million, improvements. at $3,283,800 for a total of $5,020,800. That’s obviously not happening.
New construction, new to the market, 34 AnnJim Road, $3.395 million.
65 Clapboard Ridge Road sold for $7 million that year and today, its current owners have dropped their price to $6.995. They themselves paid $10 million for it in 2007, and started off looking for a new buyer in 2015, when they asked $12.995 million. The house is vacant and the owner, a Goldman alum, seems happily settled in Field Point Circle, so there’s no impending tragedy here, but the decline in value would have been surprising not so long ago.
10 West Crossway, reported as pending just two days ago, when it was asking $4.7 million, closed today at $4.250. There’s no telling what the real estate market will look like a year or two from now, but comparing relative values in our current market, $4.250 for new construction in Lucas Point seems like a reasonable deal.
8 Juniper Hill Road (off Guinea) has closed at $3.825 million. The late owner paid $5.2 million in 2011 and then brought in Sound Beach Partners for a complete renovation, so there was a substantial sum put into this house. Sadly, it was an estate sale, and it appears that the listing price of $4.275 was set to accomplish a quick sale, which is what happened.
Juniper Hill can be a bit of a tough sale, but to the extent that a bargain can be found on the road, this was it.
20 Silver Beech Road, NoPo, 1953 construction, was listed at $700,000, and has sold for $750,00. There’s almost no inventory down at the bottom, and someone could put, say, $150,000 into this and have a pretty nice house on a good street, so I get it.
Needs work
FLORIDA MAN FRIDAY: Slippery Florida Woman Slips Out Of Handcuffs, Climbs Into Front Seat, Drives Off In Cop Car. “There is almost nothing in the world I would rather see more right now, maybe not even my sons bring home straight A’s, than that police officer trying to report to his chief where his patrol cruiser went.”
Much, much more at the link.
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