June 30, 2009 · 8:42 am

Price cut

80 Birch Lane80 Birch Lane. Bought for $1.385 million in 2002, town 70% assessment $1.578, first price in March ’09, $3,295 million. New price today, $2.495. Getting there.

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6 Responses to Price cut

  1. BackCountryGal
    June 30, 2009 at 8:58 am

    Is the 70% rule unique to the Greenwich market or are you hearing from Fairfield sister towns, and into Westchester, that it applies there as well?

  2. Helsa Poppin
    June 30, 2009 at 9:03 am

    Has it been majorly improved since it was last sold? Even the newer lower LP seems grossly high in light of the 2002 price.

  3. anon
    June 30, 2009 at 10:49 am

    $2.5mm should buy you a much nicer looking house than that teardown pictured… Does the realtor that listed it honestly think any buyer would waste their time? Probably not – he/she is just hoping they will have the listing when it eventually sells for $1.2mm.

  4. Jane
    June 30, 2009 at 11:01 am

    Loneliest man in Greenwich is the realtor currently sitting at the Open House on Beechcroft waiting for someone to arrive. Went by twice in one hour. No takers.

  5. pulled up in OG
    June 30, 2009 at 1:30 pm

    Dormers designed by Diamond/Baratta?
    Or maybe some other clown.

  6. 1.9 mill
    June 30, 2009 at 8:06 pm

    people were paying TOP dollar in 04 around 1.9 mill. for that kind of place … bet that is where this one is headed