60 Loughlin
Assessed at $999,600, listed at $895, went to contract right away and sold at full asking price. I did not see the house – there was no open house – but I like the street.
This one on Sheephill was assessed at just $1.210 but was listed for $1.795 and sold Friday for $1.7 million. Notwithstanding the discrepancy between assessment and selling price, I liked this house - it has direct access to the Mianus, and that’s worth a premium to me and, obviously, to the buyers.
- 206 Sheephill Road
And 37 Skyridge has entered into contract. Asking price, $4.350, assessment, $2.460. A great house, but my clients didn’t prefer it. This makes two quick sales for Elizabeth Douthit, of Round Hill Partners (her listing at 16 Round Hill Rd, also in the $4 million range) sold in mere days. Elizabeth’s on a roll!
60 loughlin had great bones – big yard out back, private, good neighborhood, ok flow in house and a large barn out back which could potentially be a nanny suite. The only downside is that it hadn’t been renovated in years. I believe it was an estate sale, so kudos to the real estate agent for listing it at the right price.
I am familiar with the Loughlin sale. From what I hear, its a case of very nice, long time residents in mid retirement stage, selling to friends. I heard several offers above asking price were made, but they decided to stick with the plan to sell to friends rather than chance the higher offers. I think it could have fetched 50k more if they pushed.
Will the assessment (and the taxes) readjust after closing on the Sheephill property? Or are they getting a deal on taxes until the next assessment?