Going down?
35 Winding Lane, which started at $3.250 in May, 2010, was reduced this morning to $1.995. Assessment is $1.773. House has been vacant almost two years now.
Just saying ….
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For What It’s Worth · Greenwich, Connecticut real estate, politics, etc.
Still too high Chris … may be $1.6. Anything above that is too much.
Dude –
This is so right on so many levels:
http://www.dailymail.co.uk/tvshowbiz/article-2104016/Friends-star-Courteney-Cox-impresses-Anderson-Cooper-guzzling-bowl-ranch-dressing.html
But it is too easy and I am not going there. She may be the perfect woman. You agree?
Your Pal,
Walt
I don’t like Winding. It has lots of ledges and wetlands.
This house is also on a very sharp hilly part of the street.
Wetlands, ledges, some Tobacco Road bungalows and it’s the pass-through to Zaccheus Mead. Other than that …
1.6 sounds about right. Perhaps a little below that.
$1.450?
This is no doubt interesting to watch.
I am sure glad I don’t have a house in Greenwich to sell nor a lifestyle to maintain.
Yeah, thats probably the right number CF.
So 1.45MM for the land + 1.2MM to rebuild + 500g for profit / brokerage = $3.2MM house on the flip…..not sure if that land is good enough to make that all work…. the location is fairly close to town, so that is a plus.
You’re so wrong CF. Now all you fools who waited too long to make an offer are going to have to pay $3.25 plus two years carrying costs, or it’s coming of the market. It is off Lake Avenue, you know?
What kind of house could you build for 1.2mm? This isn’t Cos Cob…
A builder – using its own crews and on spec – not building custom for a client – could build something very decent. The price of contractors in FF County ranges very widely. I have a friend who received quotes to completely rebuild his place which ranged from 550k to 1 million. Think about that pricing range for a moment, its ridiculously wide. He went with the lower end bid so far, the quality is shockingly good.
Seems like mid to low 3s is where a new spec house needs to be these days if you want a relatively quick sale. Doesn’t seem like the kind of lot to support a house in the 4+ range…
Years ago, Pal Nancy and I rejected a super low bid from a local kid just trying to get a start in business and went with the middle buuilder. What a lousy decision that was!
Well quit talking and do it. Buy the lot at 1.4 (good luck), build the house for 1.2 ( ha ha ha) flip it and finally move out of cos cob.
I’m too risk adverse Anonymous.
1) Plus, why would I ever leave the Cob? This place rocks.
2) I’m not a builder (although I play one anonymously here) and only builders – because they can better control costs – should be in the spec biz.
3) I like staying liquid.. and dont want to sink all my cash into a house like that.
Admit it, CC, you’re staying put on your side of the river because of our ban on above-ground pools over here.
Your right CF. Above ground pools are designed to keep the rats out….never understood why no one else with one of those silly in ground pools recognized this.
Oh but of course, it’s the 1905 benches from the Rockefeller estate that keeps the price up. Hee hee. Funny that there are no photos of them.
Especially those of us along Ole’s Creek! Good point, CC
Saw this house way back when. It’s a tear down, for sure, but the lot is miserable. Obviously an estate sale here, no? Clearly the children are trying to extract something from their childhood home. I’m with CF – $1.4 tops.
The pool in 35 Winding is effectively an above-ground pool right next to the septic. They put some land fill around the pool to make it look an underground one.
I would also say around $1.45 is an good offer.
Original Broker blew it by pricing it too high and knowing it, personally, if I were the kids I would fire the broker and give it to someone else, if they have not done that already. It is still not too late. If the broker dares to reply and says,” but that is what the client wanted”, then shame on you for being such a spineless low life.
“Original Broker” ? I thought this has been Ogilvy’s listing all along.
35 Winding is like a precious stone, you need a good gemologist to be able to know its true value.
Even better if that gemologist is multilingual.
One needs vision to know the value of a potential building lot. 35 Winding could be a beautiful setting.
CF, you need to get your facts right. The house isn’t vacant. I know the children often stay there on many weekends.
If one could get a 2+acre lot in this section of Greenwich in the $1.4Ms, there would be a flurry of spec builders entering the fray.
Just saying,
You are kidding about the vision bit, right?
And get your facts straight, often means frequently, and often, it is NOT.