Old chestnuts back on the open fire

1 Butternut

1 Butternut

Like Winston Churchill, some builders never give up, never surrender. Case in point is this aging spec house at 1 Butternut Hollow Road (ML#74012). Built on land purchased for $2 million in 2004, it has been for sale since April, 2005, starting at $5.895 and dropping to $4.350 in June, 2008, when it was yanked from the market and presumably converted to a used house by renting it out for a year. Now it’s back, for the same $4.350 it couldn’t sell at a year ago. Okay by me – good luck.

Interesting side note is that this land sold for $2.4 million in 2003 but when it was put back on the market in 2004 it could only get $2.0050. That might have served as a warning, had the builder been listening.

And then there’s a four-lot subdivision in Havemeyer on Halsey Drive, back again today at a new, lower price of $2.7 million. That’s $675,000 per lot, so you’d have to get what, maybe $1.7 million for each house you built there? I don’t think so – not right now, anyway. Top price ever paid for a house on Halsey was $975,000. Then again, nothing has been built on the street (at least nothing that’s been listed on the MLS) since 1950, so presumably new construction would fetch a higher price. The question is, how much higher?

14 Comments

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14 responses to “Old chestnuts back on the open fire

  1. Walt

    Dude –
    Did you call Andres on the boat yet? The number again is 1-800-laughingmyassoff.
    If you didn’t call yet, read this first:

    http://www.businessinsider.com/fggs-adres-piedrahita-says-hes-the-biggest-madoff-victim-2009-7

    The kid doesn’t realize they don’t understand his sense of humor. The reporters didn’t realize he was only JOKING about giving the money back. How friggin stupid are reporters? And they obviously have no sense of humor, those morons. You fancy yourself a reporter, don’t you Dude?
    Anyway, tell Andres I said hello, and MUMS THE WORD!!!
    Your Pal,
    Walt

  2. Kidding Really??

    chris – not related but I think your page sucks… not the content but the look. You need a new picture.

    looking at that dumb barn with blue windows in the water…. come on

  3. Cos Cobber

    1) the blog look; i think you should have the Oneida marketing team help with your website. your home will finally be on the sound and not ole’s ditch (albeit its a historic ditch).

    2) where did they get the architect from this home on Butternut? seriously, there are better ideas in the checkout line at Home Cheapo.

    • christopherfountain

      Cos Cober, when I worked summers as a carpenter for Nick Efremenko, a Russian who came to America to find his fortune, he took great elight in informing me that he never wasted money on architects because for a hundred bucks he’d boght a complete book of designs and he had dozens of models to choose from. Some of the desecration we wreaked on Riverside and Old Greenwich still stands and if I didn’t have the “I was just following orders” excuse, I’d be ashamed. I’m not saying that Nick left his book to the builder of One Butternut, but …

  4. Inagua

    Walt,

    Chris is not interested in the Andres boat story. But maybe now that Andres has upped the joke to all of the Madoff fees FGG ever collected, Chris will take notice.

    http://colombiareports.com/colombia-news/economy/5250-colombian-ex-partner-of-madoff-breaks-silence-after-multimillion-fraud.html

  5. Helsa Poppin

    Butternut – what a great name for a street that people pay millions to live on. Right up there with Dingletown and Mianus.

    Did you ever notice how many street names around here would be great epithets? “You quintard!” “That guy’s a total cognewaugh.”

  6. Walt

    Iguana –
    Read my post above, Lizard Boy. It is the first one in this thread. I already posted this. You can read, can’t you? Or are those beady little eyes of yours for show only? You forked tounged, cold blooded, little reptile.
    Anyway, I hope you are well otherwise. As I told Chris, Andres was just joking around. And he didn’t buy the big boat to be… ostentacious?? ostantashious? Oh frig it. To be flashy. Have you ever seen how much space a bail of hay takes? And do you have any idea how many he needs? So the big boat was a requirement.
    Sheesh.
    OFF TO DINNER!!!!
    I will have the SNAKE!!!
    Your Pal,
    Walt

  7. Mouse

    I live near Butternut Hollow. It runs alongside and has nice views of Putnam Lake (aka “the reservoir”) which were marred a few years ago by an expansion of the water plant and by new McMansion construction on the opposite shore.

    Years ago some neighborhood old-timers told me that Lake Avenue was so named because in olden days it ran alongside Putnam Lake where Butternut Hollow is now.

    I’d never heard this anywhere else, but it would seem to make sense since there are no longer any lake views from Lake Avenue.

    Can anyone corroborate this story?

  8. Anonymous

    Kidding,
    Shall we vote on Chris changing his wallpaper regularly? I think we should start with these, authorised for use by the artist.

    Special from O’Rourke’s Bar

    http://www.banksy.co.uk/indoors/ele02.html

    Symbolism against Greenwich Mc Mansion

    http://www.banksy.co.uk/indoors/01.html

    Cost of property/cardboard box in Greenwich

    http://www.banksy.co.uk/drawing/draw_frameset.html

  9. Another anon

    Chris & CC,

    As an outsider, I have another ignorant question.

    Regarding CC’s second question, I’ve noticed this before in other pic’s of Greenwich homes but never asked about it until now. What’s up with these houses that have one “grand” entrance and off to the side (but still on the front) another less than grand entry? Are they trying to mimic old homes that have been added on to or is there a useful reason for doing this?

    Confused, again. Sorry.

  10. cos cobber

    Another anon, CF is in a far better position to address you question than I. I’m only qualfied to speak about vinyl siding, above ground pools, snow blowers and split level ranches.

  11. '73Refugee

    AA, consider the 2nd front doorway as a “service” entrance, for the trade and house servants.

    • christopherfountain

      And real estate agents and lawyers. When I was a budding young associate lawyer I was assigned to handle a dreadful piece of cat fight litigation between a mid-country resident/”interior designer” and one of her back country clients – two bored ladies having it out. When I was to interview my client she inisted that i come to Greenwich, rather than her come to Southport and when giving me directions stressed the importance of using the “second driveway”. When I got there, I saw that that diveway was lablelled “service and delivery” so I backed up to the first and knocked on the frint door. Funny thing was this woman’s father in law was one of the most famous lawyers in the country and Europe during WWII and thereafter. Oh well – her house is for sale now and I noticed that, twenty years on, we were all allowed to use the main drive. How very nice for all of us.