4 Middle Way in Lucas Point is pretty nifty, even at $5.1 million. Still gorgeous after a century and brought up to date with charm and quality. The yard will probably not appeal to a young family: there is none, as it’s been transformed into gardens, koi pond and a pool. You could, if you insist, dig up the beautiful specimen plantings and create a play area (why bother? Your kids will be inside playing video games or away at travel ball anyway) but if you do that you could ensure a warm welcome from your new neighbors by inviting them to come over and dig up what you don’t want. $100,000 or so of free plantings will endear you to the wiser people around you.
I saw another house (whose identity shall be omitted to protect the foolish) that was nicely updated and in good condition on a pretty good street. I thought it would be worth sending its listing to some clients of mine who are looking in the $1, $1.1 range but when I got to the kitchen where the listing information was I saw that it’s been priced at $1.5. Maybe it will sell for that much, but I’m not bothering to mention it to my buyers. I think it’s a stupid price.
Fine CF, but there is nothing i dislike more about a broker than when the broker hides listings from me. i want to see everything and show it to me with your honest opinion.
Good point, but it depends on the client – some don’t want to be buried with dross, others enjoy wading through the stuff to see for themselves. So I adjust my communications as necessary.
And now democrats are fleeing Obama’s tax reach.
http://blogs.wsj.com/washwire/2012/07/09/denise-rich-gives-up-u-s-citizenship/
I agree with CC… but I’m a wader.
Is your pricing comment about 35 Midbrook??
Is it 35 Midbrook? I would be surprised as CF said he liked 15 Midbrook back in April, and that was listed at $1.39 (at the time). 35 Midbrook is nicer then 15 but probably not $100K nicer.
Well if 15 Midbrook doesn’t sell at its (relatively) low price in three months, then my opinion of what’s a good price for that particular street should be adjusted. As is pointed out to me all the time, and as I freely admit, I’m just one schnook among many and I can only guess at what price will move a house. Sometimes I’m right, often I’m wrong, but paying attention to market data usually cures the latter.
Yeah, not sure about relative pricing, but definitely safe to say they’re both asking too much. That street can’t push that far for renovated product. A little over a million in their renovated state is likely right given historical sales.
Lack of inventory in the under $1.5M range that is move in ready may drive these Midbrook sales. Seems like a decent street and gives you the Old Greenwich address with a decent piece of property.
First price cut, too small if they haven’t gotten a decent bid yet.