25 Stiles Lane, (link includes both houses discussed here) 4 acres and a good looking house, asked $4.495 million and got $4.395. That’s quick work for a house in nosebleed territory (way up Bedford near the Armonk? New Bedford? border) but housing price trackers, take note: this sold for $5.150 in 1999. A client asked me just today whether we were all the way down to 1999 prices and I answered, “only in exceptional circumstances”. I guess this was an exceptional circumstance, although certainly those weren’t financial because the seller is not and never will be in financial difficulties, or we’re now below 1999, at least in those fringe areas I harp on.
On the lower end of the scale, 74 Longmeadow Rd in Riverside’s NOPO area asked $1.675 and got $1.375 million. This was an estate sale so the records don’t go far enough back to know what it sold for last time but I’m sure there was a healthy margin here, especially if one doesn’t adjust for inflation. The house itself is almost irrelevant because this has direct frontage on Mianus Pond. I mentioned this property a few months ago and said I’d love to live here. I still would.
What fools, the socialists in France want to raise the highest tax rate to just 75%…why leave 25% on the table?
http://online.wsj.com/article/SB10001424052970204520204577251051439665674.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsForth
Clearly the people who purchased the Stiles Lane house doesn’t care there are only 3 bedrooms. That’s a lot to pay for only 3 bedrooms. Interesting….
It looks like 25 Stiles is back to 1982 prices! Fringe area!
What, two sales and one of them wasn’t yours? Time for you to read “Unlimited Selling Power: How to Master Hypnotic Selling Skills” No, not look into my eye, you are getting sleepy — nobody falls for that stuff. But the power of suggestion — Jedi mind tricks — yeah, that stuff really does work.
Lesson for today. Don’t buy in fringe areas. Clearly.
Cos Cobber, the French also have a “wealth tax” levied on net worth that has caused quite a few prominent people to renounce their citizenship.
The Frogs are toast. Europe is toast. Meanwhile, American sheep are believing the lies that the media is telling them and they are about to go shopping again. Spoiler alert: This movie does not have a happy ending.
why the hell is houlihan lawrence, a westchester firm, advertising on the front page of the NYT website a house in greenwich, and a pricey one at that? Does it mean this house is a loser and every greenwich broker has had a chance to sell it and failed?
http://www.houlihanlawrence.com/real-estate/propertydetail/3134372/Greenwich/12-Meadowcroft-Ln-Greenwich-CT-06830
I think that this article may need it’s own posting. Boo Hoo!
http://www.nytimes.com/2012/02/23/opinion/foreclosure-story-untold-in-hollywood.html?_r=1
I don’t know why it’s with them but while Meadowcroft was once a nice street this spec house and Mariani’s three have pretty much ruined it, to my eye. $11 mil. Homes aren’t popular these days, either, but someone will show up, eventually. I’d mark it down to $9 and hope for $7.5 but that’s just me.
Hollywood can’t return to the desert waste it once was fast enough for me, but what will Chris Dodd do?
Oh c’mon, CF. Where would you be without Hollywood if your grandfather hadn’t made his way there? Where would “Bulworth” be? And nearly every Cary Grant movie? And how would the original “Spartacus” (the one with Kirk and Jean and Larry and Tony and Elmer Bernstein’s terrific score) ever have been made without Hollywood?
@Thurston Howell III, thanks for the post. I don’t know about you, but I feel a big boo hoo coming on.
Chris;
Please don’t worry about former Senator Dodd, the money his wife brings in from the various corporate boards she belongs to plus his Hollywood pay looks to me like at least a couple hundred thousand monthly, not bad pay for a public servant.
Best,
John
Good link, Thurston, but keep your head down: we’ve just found out the plastic the professor used to fill Gilligan’s teeth is really plastic explosives that will expode if knocked too hard and Gilligan is being quite clumsy today. Time for that stupid “Gilligan’s being stupid” clarinet, or was it an obo, music.
It’s interesting there are no names mentioned in the Hollywood article. It’s written with much melodrama..she’s probably a low ball buyer herself. Go figure.
Row Your Boat, since she lives and works in the community she refers to — assuming the story is nonfiction — she would become an outcast if she mentioned names. My guess is she knows the two most basic rules of getting on in the world which are: keep your nose clean and don’t shit in your backyard.
The film industry needs to look no further than the music industry to see what treats the future may bestow on them. They deserve much of the wrath that is coming their way since most of what they churn out these days is absolute garbage.
Delving Eye, I believe you are pining for a Hollywood that no longer exists.
Is it any wonder that California is in such trouble? The denizens of Hollywood are close to sinking the ship.
@AJ, she already, basically, outed her neighbors by not fictionalizing her story. Anyone (including the guys quoted in the b’berg story) is crazy for putting their names and stories out in the public eye like this. It’s far too easy in this day and age to just google somebody and find the details.
IMO, she invaded her former neighbors privacy by writing that article and not gaining their permission to share their stories.
@RYB, for the record, she bought near the top of the market and is underwater herself.
I am, Thurston. Nothing but junk that comes out of H’wood these days. Sad but true.