106 Parsonage Rd (Trulia)
106 Parsonage Road, listed June 13th and which held its first broker open house just yesterday reports an accepted offer. Asking $2.875 million. Given its rather limited yard and dated interior I was not tempted to include this one in yesterday’s discussion of good values in the $2.5 million range but somebody obviously thinks I should have.
15 Wilshire Rd (From the Romney Etch-a-sketch collection)
Another house in the $2′s has an accepted offer, 15 Wilshire Road up near the real Evil Princess, Leona Helmsley’s place. This one’s been kicking around for years, starting at $3.499 back in 2008 but it’s been rented most of that time so the owners had the luxury of time and only recently reduced its price to $2.895. Assuming a normal discount from the asking price, someone’s getting a decent deal on a house with four acres, a pool, five bedrooms and a physical condition that the assessor describes as “good’. Assessors are generous like that; justifies the tax burden, I suppose.
And in the “If a tree falls in the forest and no one hears … department”, 555 Riversville Road has dropped the price of its 33 acres from $17.9 million to $16 million which doesn’t strike this plebian as a large enough drop to make a difference but perhaps it will to someone who can actually afford it. Great meadows, incredible views, it sold in a bidding war back in 1999, garnering $10.8 million on an asking price of $9.5. Those were the days. Of course, what’s changed about this land since 1999 to make it worth so much more? Judging from its failure to sell, nothing.
http://www.huffingtonpost.com/joshua-m-brown/best-financial-journalists_b_1605584.html#s=1092094
Huff Po list me as the #3 finance jurno to watch for my “smashmouth investigation jouranlism”. I think Josh Brown forgot Chris Fountain on this list of establishment disrupters
Modular home pieces parked at St Paul’s parking lot. Any idea where they are going?
No I do t, but we’ll surely find out soon- once the boxes arrive they’re installed pretty quickly.
Remind me: you can’t link to houses anymore the way Gideon does because you are being forbidden from doing so or because the GAR is on your case you are going to show them by only using Trulia and Zillow?
http://gideonfountain.wordpress.com/2012/06/19/executed-contracts-june-1-15-2012/
another set of boxes were up by A&P the other day – now gone
Steve Dent owned it and tore down the lovely home that was there and never did anything with the land!! You all remember him don’t you?
A moron, a creep and dumb enough to be blackmailed by three different prostitutes. Greenwich has hardly improved over the years but Dent’s exodus was a bright spot in Greenwich’s history.
Teri, they rank you right behind Tyler Durden? That is some serious company! Congratulations!!
Parsonage a steal!! Bravo to the owners who probably made money but weren’t greedy–AT ALL. Chris, how could you not have pointed that one out?? THAT’S news.
I tend to view house through the eyes of current clients and compare what I’m seeing with what they’re looking for. I personally liked this house but I’m not buying, I’m selling.
61 Winding closed for $2.4mm
Seems like decent land in mid-country going for $750k/acre (assuming the house is worth nothing)
That was the exact figure I told some clients of mine it would sell for (which doesn’t mean I’m so smart but does illustrate that the market usually reaches a common consensus on value). I think we found better land around the corner for just a little more but yeah, $2.4, $2.5 seems to be the current price for a two-acre building lot. Not so sure I agree with you about $750,000 per acre but there are indeed some marginal lots that fetch that. By the way, like the property my clients found, this one has a perfectly good house on it, but in today’s market I doubt it will last more than a few years, if that long.
61 Winding – was the land flawed? Seems like a great deal
Not flawed, but on top of a steep hill, which reduces usable space considerably. But I’m going on memory here (off to see Orchard Place and no, I’m not texting while driving) will confirm that memory when I return.
Hi Chris, what would be the right value for something like 106 parsonage?