46 Terrace Ave. Rvsd
Assessed value, $1.024. Sold for $902,000 in 2003, completely gutted and redone and resold for $1.775 million in 2004. Resold again for $1.925 in 2007, sold Friday for $1.425. Nothing to see here, move along, move along.
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If Greenwich houses like this so damn great, why doesn’t anyone seem to want to hold on to one of them? The ’03-’04 owner was an obvious flipper (got his while the gettin’ was good), and ’04-’07 made out well, but why the hurry out of home? Then ’07-’09? That strikes me as right-side of the bell curve rate of turnover. Is Greenwich so great that people can’t wait to leave?
anon e. mouse,
this owner bought a beautiful new house in Darien – 54 christie hill rd. for $2.2 in March that was 2-3 times this size and decided to cut his losses, i guess – no hardship here!!.
Or perhaps the answer is found in John Lennon’s words of wisdom: “life’s what happens while your busy making other plans” …
or if you don’t like that explanation you can always fall back on death, divorce, etc. …
or there is always the possibility that, heavens, someone in Greenwich couldn’t actually afford the house they bought on credit…
All are plausible explanations before I would look to the town of Greenwich for the answer to a quick ownership term.
IB’er (ret’d);
To hear the seller’s agent tell it, I’m sure it was a “job transfer out of state” – the only socially acceptable and politically correct reason for moving that apparently conveys no urgency to sell.