160 Bedford Road
I love this house- a 1930′s classic, with pool, pool house and 8 acres of rolling lawn (a good portion of which I’d plant as a wildflower meadow). It was priced at $5.3 million in 2004 and took three years to sell, for just $3.3 million. The buyers then returned it to the market a few months later, pretty much unchanged, but place its price back at $5.295, a puzzling strategy that hasn’t produced the hoped-for result. Today it’s continued its return to earth with a new price of $3.195. Assessment is low $2s, which seems too low, but somewhere between there’s a fabulous buy here.
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Christopher, this house was dug out from the ruins of 25 years overgrowth and the July 2006 tornado for good measure. 400k spent to get those rolling lawns and plantings. Needs some TLC but owner chose not to inflict another Mansion on the lanscape.
Ross, I wasn’t being sarcastic when I said I love this house. I have praised it in print, when I had a column, and here on this blog, and I’ve recommended it countless times to my own buyers. I think it’s great just the way it is and I like its price. If I had the money, I’d be on this place myself. It’s fabulous.
Agree about the house and grounds, but [unlike the house you posted above] the kitchen stinks. It’s horrible, it’s a tear out, and both kit + DR have horrible wallpaper. Don’t understand if they had the $$$ to buy this why not put $100K into the kit? What are they thinking?
It’s a 1930 house, for Crimminey sake! You don’t like the kitchen buy a new one!
If they spent $400k on the grounds (staggering amount of money by the way), why not use a wee bit of that money to put in a real kitchen. Besides location, aren’t we told theat kitchens and bathrooms sell a house, duh.
Location is always going to handicap the price of this house.
I can understand not putting in a new kitchen here. Next buyer will either renovate (my choice) or tear it down, so money spent on a kitchen now would probably be wasted. At it’s current price, it’s getting closer to pure land value and if you bought it for it’s land value, you could put a kitchen where you liked and as you like.
“Location is always going to handicap the price of this house”
Huh? That house is in Yale Farms, some of the prettiest land in the backcountry with some lovely 30′s houses, mostly weekenders, I suspect.
I’d much rather put in my own fabulous new kitchen and take the discount on the house price (which this one seems to be accounting for) than pay for someone else’s questionable taste. Eight acres? Drool.
It is indeed some of the finest land left in town, Real.it’s one thing to be 15 minutes from Grenwich and live on some losuy spot – in this case, I’d gladly exchange that slight inconvenience for the meadows.
owner is legacy of weedon & co, early third market pioneer on wall st, why does he not just give it away with the money this old coot has in the bank.