293 Stanwich
This spec house is reported sold today for $3.735 million. Out of town broker and buyer, naturally, but still ….
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For What It’s Worth · Greenwich, Connecticut real estate, politics, etc.
Somebody made some good $ on this deal. Your April 2003 column refers to the sale of this house at $1,595. Whatever was there got torn down and this was built in its place. If he put $1mm into building the home, he made $1.2 profit? Could that be? Or was there another sale in-between?
When 423 Stanwich is sold, that will be a real shocker.
As I said, out of town broker and buyer. Ruth Le Blanc Jones figures in this, if that helps.
I was shocked when I saw this. 3.7 for this!! I still can’t believe it when you consider all the other possibilities- Well as they say, There is an ass for every seat!!
Chris, could you put me in touch with the landscape architect on that property?
This house looks like it’s a modular. Is the property nice and usable?
I love the hariline hedge — simply divine!
While I have not seen the inside of this house, the typical house in Greenwich costs a lot more than $200 square/foot to build (judging that this 8,000 square foot house is really more like 5,000 of finished space).
So, while I think the builder may have made some money, I would put it at more like $400K. Okay profit, but risk adjusted return is not terribly impressive, not to mention the long holding period.
Glad to see this sale, though.
Every sale that goes through is pissed upon by this blog. What a riot.
Not so – Lia Fail – nice buy. There must be a few others – give me a month or so to recall them.
No wonder you are a referred blog by those cretins at zero hedge. They only cater to those who take the negative side of every argument. But hey it is a free world, and all power to ya. Meanwhile, 221 houses have been sold in Greenwich since June 1 (through Nov 30). And the only thing keeping that number from being 50% higher is some sellers’ continued wish for 2007 (as opposed to 2003) prices. Inventory has collapsed from 780 to 592 since May. All stats from Raveis by the way, I only call it like I see it.
The only realtors saying the market is “dead” are the ones who obviously aren’t doing any business.
You can “half-empty” that all you want. Cheers and Happy Holidays.
Boy, you got me there Mike – congratulations, Dr. freud!