3 Loughlin Avenue, Cos Cob, $450,000. Listing says “engineer’s report available” and cautions that the sale is “as is”, so you know what that means. But Loughlin’s a decent street with the park, a Starbucks and your choice of 15 banks nearby to stash the money you saved by buying here.
67 Nearwater sold for $950,000 and I think that’s a very decent price for both parties. There’s a community beach in this association providing access to the Mianus and this house in particular is in great shape. A couple of odd decisions in bathroom layout and design, perhaps, but as long as the plumbing is where you want it and you don’t have to relocate it, redoing bathrooms doesn’t have to be a crushingly expensive job.
14 Buckingham, the short sale discussed here last week, closed at $1.196 million. Seems like a good house for this price, this location.
The gate house (on ten acres) up at 2 Conyers Farm has sold for $5.350 after originally asking $7.995 in 2009.
And bringing up the rear, 651 Steamboat Road has sold for $3.3 million. Its owners have had this on the market for a grand total of 1,516 days, having originally priced it at $6.4 million in 2008. I have no idea what possessed these folks to cause them to overestimate the value of their home so grossly, but there it is: a house is worth what someone’s willing to pay for it, not what you what want. If you must dream, at least do so in black and white, not glorious Technicolor.