Bought by bank?

7 Orchard

7 Orchard

Word has it that this Milbrook property was purchased by the lender, but you wouldn’t know that from what’s reported on the MLS today so let’s play it straight. Purchased for $3.780 in 2004, listed for $4.895 in 2006, sold Friday for $2.5 million. assessed value $2.311. Regardless of who bought it, its going to play hell with comparable Milbrook values.

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6 Comments

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6 Responses to Bought by bank?

  1. WaitingToBuy

    I have never understood the appeal of Milbrook – unless you want to live in a potential flood zone, have your child attend one of the weaker elementary schools or overpay for a marginal property – go figure…

  2. Old School Grump

    I spy with my little eye … a bare tree in the yard and a Christmas wreath on the house, combined with an emerald green lawn and a hydrangea bush in full bloom! Wonder of wonders, Greenwich is indeed a magical place!

  3. Cos Cobber

    I like Milbank…quite a bit actually. But alas, I guess I have poor taste.

  4. christopherfountain

    Milbank or Milbrook, CC? Or both?

  5. Cos Cobber

    Whoops. I meant Milbrook.

    Milbank is fine too…it certainly beats all the other “downtown” locations for new condo housing.