Corrigan
A pretty nice house at 25 Selden Lane and this accompanying parcel on Corrigan were withdrawn from the market today, unsold. I suspect things would have gone better for this place had the sellers not overpriced it to begin with and split the land into two parcels. Price was originally $5.250 for the Seleden Lane house and $2.250 for the extra lot. The house had its own 5 acres but the beautiful view you see here of the pond was the extra lot and was the best part of the view from the house. So if ypu bought the house but not the extra land, you’d lose your view; not an attractive prospect. This land is way the heck out of town (Greenwich InfoDiva would refer to it as “convenient Back Country”, but ….) near King Street. Not a location that commands huge prices to begin with and not one likely to support a total price tag of $7.5 million for a somewhat-tired house.
Both prices were eventually reduced, to $4.195 and $795, respectively, but I don’t know who would buy the house without the view. better, I think, to have kept them together at one price. If they’d started at $4.195 originally for the whole package I’m pretty sure it would be sold now, rather than pulled off the market. Lesson is, just because you can subdivide your land, it doesn’t mean you should. Splitting off a back lot may be one thing while threatening the view is another.
Don’t worry, I’ll fix your little view problem as soon as I finish cleaning up that mess behind McCloy’s house.
You should check MLS # 71401 before you comment…you “blogged” too soon.
No, I was aware of that one, Anon, but as I read it, they wanted $4.9 for one parcel and $799 for the view parcel. That still left the view in jeopardy, and was, I think, a mistake.
Are you putting words in my mouth?
I think you must mean “Greenwich Diva,” not Greenwich InfoDiva.