420 North Street
420 North Street price reported: $2.745. Asked $2.795, under contract (some months ago) in just 17 days. This house was an excellent value; it last sold in 2003 for $2.862 million and though the new owners didn’t seem to have done too much except maintain it in its then newly-renovated condition, it felt fresh, and priced as it was at a pre-2003 level, appeared to be a bargain.
Which it obviously was, as its brief stay on the market demonstrates. Compare that to its earlier history, if you like, when in 2002 it was priced at $3.295 and only sold for that $2.862 price in 2003 after 524 DOM. Yes, there’s a lesson here.
11 Serenity Lane
While 420 North’s quick sale didn’t surprise me, 11 Serenity Lane in Cos Cob did, selling for its full asking price of $1.695 in mere days. There are other Cos Cob homes – 21 Cat Rock comes to mind – that I would have thought offered more but clearly someone disagreed, and why not? It’s their money.
We have 1.76 acres of land at 76 Stanwich for sale, across from Central Middle School. Asking $1.6 million. I haven’t seen it yet but I hope to walk it soon. Depending on what’s there, this might be a good price for such a relatively large piece of land.
(My psychiatrist uncle, Uncle Gary, would have enjoyed this picture)
4 Middle Way, Lucas Point in Old Greenwich s new to the market at $5.150. Open house is Thursday, but its listing says it’s a 1901 home renovated eleven years ago on a half-acre. I like Lucas Point but I’d expect this price to include waterfront. Then again, I haven’t seen it yet.
And 2 Owenoke Way in Riverside is back, now at $2.075 million. It sold in September, 2010 for $1.7 million and you get nothing for this additional $475,000 other than the owner’s hope that the market has improved that much in the past 22 months. Maybe it has, though when I last saw it it had been used as a rental, ridden hard and put away wet. The listing makes no mention of anything done to it since then but perhaps its listing agent just failed to notice any improvements.