Which is good – this blog is supposed to be at least mostly devoted to Greenwich real estate, when there’s something happening.
717 Riversville Road
Well built house in a crappy location, when this spec job came on in 2007 at $14.7 million I wasn’t the only agent who thought it might sell for half that. Two and half tumultuous years and a number of price cuts later, it’s now under contract. Final price? Who knows, but the town pegged it at $5.8. That feels right.
62 Valleywood has sold for $740,000, down from its asking price of $925,000 but in line with its assessment of $780,000.
Valleywood is a great family street close to town. Actually kind of surprised how low the price given recent sales on the street — this house’s condition/size must have warranted the discount. Just a few doors down, you reported a sale a few weeks ago of a very nice house at $1.3m??
Is 62 the Valleywood house on a hill with the long wooden deck-like staircase leading up to the front door? If so, I’m shocked it got 740k.
It’s definitely on the cliff side of Valleywood and was, as I remember it, quite dated. Still, I agree with the other reader that this is a great family street and it has in the past done quite well in resales. I think the original price was way out of line given the condition of the house, the steep lot location and of course, the state of the market, but its actual sales price seems pretty reasonable, from both a buyer’s and seller’s perspective.
I went to one of the Sunday OPen Houses here and quite liked the house… It was very solid, albeit original. Other than the steep hill and dated floor plan, I think the buyer has a lot to work with. Valleywood is a great street, sorta Milbrook like feel in a way
Somebody enlighten poor old G’wich Ex-Pat and tell me why Riversville Road is something of a joke. It’s been a while since I’ve been up in the area (not since 2002), but it seemed like a pleasant, if somewhat winding road. Of course, coming across a deer standing on a circle of lawn in the middle of the road looking stupidly at the cars going by was a bit startling, but otherwise it seemed OK.