The Greenwich “cheapies”

Gideon Fountain writes:

In the rest of America, $500,000 buys you plenty of house, especially these days.  But what does it get you in Greenwich?  How about $400,000?  Or $300,000??

I’m proud to say that, so far this year, I’ve sold two of these bargains; they were my listings, both were “co-ops”, and both sold pretty quickly.  As for actual houses, here are the 10 cheapest ones

446 Valley Road sold for $540,000 in September.

that have sold in the last 6 months….

19 Comments

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19 responses to “The Greenwich “cheapies”

  1. Sound Beacher

    O/T: Many people say, even here, don’t move to Greenwich, move to Darien. Their school enrollment is dropping, how can that be?

    http://darien.patch.com/articles/school-enrollment-drops-for-first-time-since-1989

  2. TraderVic

    Interesting how much less house you get for the money in the Eastern MS district than in the Western. Sounds about right — people should, and do, pay up for a superior education for their children.

  3. Libertarian Advocate

    My mother-in-law LOVES that house!

  4. DeFacts

    Darien couples have been ‘coupling’ less since 2006. DUH!

  5. Just_looking

    24 less students than last year seems minor. I think the was a minor baby boom after 9/11 as people took a new look at what was important, got married and started families. That mini boom has already entered kindergarten and is moderating. I believe you will see this in other towns if you look.

  6. Anonymous

    Yet enrollment in Greenwich schools continues to go up. Go figure. Oh that’s right, the parents and child actually live in Rye, Port Chester, Stamford, or beyond, but thank goodness their 3rd cousin twice removed has a 1 bdrm apt. in Cos Cob so let’s call that primary residence, ok? Ok. Gracias.

  7. Anonymous

    Thanks for the links, I wonder why Chris rarely, if ever, links to the MLS or addresses this lower end of the market. Most of those houses seem very livable to me but what do I know. :)

  8. I don’t think that anyone who lives in Rye and can send their kids to school in that district is trying to sneak them into Greenwich.

  9. Pike Johnson

    More like parents from Greenwich are trying to sneak their kids into Rye public schools.

  10. Anonymous

    Richard – True but in our preschool a few years ago it was well known of one family who were using the aunt’s address in Cos Cob (they lived in Norwalk) to attend CCS and another family who uses a friend’s carriage house in Riverside instead of their real address in Stamford to go to Riverside Elem. Stealing $18k per year from the taxpayers – per child. $35k per year if you include the cost of benefits.

  11. Anonymous

    Darien: Smaller class size, duh…

  12. edgewater

    i don’t live in putnam hill apartments anymore, but when i did, i would routinely see kids dropped off on the post road with book bags or backpacks; the kids would then continue down the road to ghs. clearly if they were ‘legal’, the drivers [parents?] would have continued driving east for another 0.2 miles to drop them off at the high school. anyone who thinks it isn’t happening is delusional. but this kind of issue is not significant to an education establishment that needs a $30 million auditorium.

  13. pulled up in OG

    RTM approves 3yr teacher contract.
    Average package $118,518/year.

  14. Anonymous

    6:31: nailed it.

    Those school administrators should be fired–it’s a gross waste of our taxpayer dollars. ENFORCE RESIDENCY RULES. PERIOD.

    They know damned well the schools would be shut down or at least consolidated since they’d lose state funding. If suddenly 60% of the student body was officially declared ineligible to attend, what would happen? There goes the jobs.

    Since Hamilton just failed every state education standard, clearly the administrators don’t care about teaching. They want to preserve jobs.

  15. Anonymous

    Anon 6:31
    And ya wanna squak about it now??? If it was so well known why didnt ya say sumthin bout it. Well I reckon if ya told on em, you;d have one less thing ta gossip about.

  16. parent

    The per pupil cost is basically a total of our budget divided by the number of students. The actual incremental cost of educating a student, assuming no new classroom teacher is needed, is much, much lower. We probably spend more on investigations and salary costs for those investigations then we do educating the occasional non-resident pupil who slips in. I’m not defending non-resident students but I think its a minor issue in the grand scheme of things and we should be focusing on more important things.
    I also think a lot of the estimates of non-residents attending our western schools are grossly inflated and honestly offensive to those communities. Sorry if the demographics don’t meet your opinion of what Greenwich should look like. Many of those families rely on friends and family outside of town to provide before and after school childcare because they can’t afford local programs or don’t have transportation to places like the boys and girl club to pick up their kids after work. These are families struggling to live in Greenwich so their children can have a better education but instead of cheering them on, residents try to tear them down and accuse them of stealing an education.
    If you have true evidence that a non-resident has children enrolled in schools, report it. Make sure they aren’t children of town employee’s first though. THey are allowed to attend for a reduced tuition rate. I know several past complaints of non-residents were actually cases where a parent worked for the town and was paying. Many people don’t realize any town employee can pay to attend.

  17. Anonymous

    Sorry, “parent”, that argument stinks. And it’s so typical that as soon as a taxpayer voices concern over (basically) theft it gets turned around on him to be a racism charge. We already subsidize the school systems of the inner cities across Fairfield County and beyond with our tax dollars to Hartford which never come back. Don’t ask me to look the other way while the class sizes balloon – even by 10% is too much – to accommodate cheaters.

  18. Anonymous

    parent, you’re telling us that greenwich’s population of all families of k-12 students here in town is 65% latino and that at least half meet income guidelines that permit free or subsidized lunches? that’s a unique statistic.

    as always, people throw the racist card in there when someone brings up a public policy issue that affects local taxpaying citizens who want to send their kids to local schools, but don’t because things like failing test scores and bottom tier rankings in all important subjects jeopardize their child’s future success.

    fyi, there are incredibly dumb white people too if that’s what you’re getting at. and i’m part latino so how do you like that enchilada?

    when schools do things like drop esl (new lebanon) because 85% of the school doesn’t speak english as native language, do you suppose that might be a problem? are schools supposed to be babysitting facilities or places to learn ?

    as to greenwich residency being a minor thing, what’s more important than failing test scores because 3/4 of the students can’t speak english? que pais are we in, amigo?

  19. Anon 6:31 – parents trying to sneak their kids into a better district is a real problem and happens a lot here in Westchester. When I moved to Briarcliff Manor, which is one of the really outstanding school districts here, they wanted to see the paperwork from the closing when we registered the kids.

    Rye was just a bad example, since the schools there are at least as good, if not better than Greenwich. I don’t live in Briarcliff anymore, by the way. The taxes became insane, even by Westchester standards.