Good news for relics

46 Vineyard Lane

46 Vineyard Lane

46 Vineyard Lane, reported as under contract just a few days ago closed yesterday at $6.5 million. That’s down considerably from its original asking price 984 days ago of $9.950 but it’s not chump change either. The market for the 1920s mansions of the then-newly-rich is still breathing, apparently. Making your statement of having arrived via a century-old house has fallen out of favor over the past decade but it seems there are still people who want the “brown furniture look”, as one reader has described it.

Or else someone just wanted to grab the 6+ acres of this listing and build on two or three lots. In the two-acre zone in this location, even $3 million per lot might be reasonable and at three lots, the place is a veritable bargain.

9 Comments

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9 responses to “Good news for relics

  1. Anonymust

    seems like a great deal, if you’re a fan of Downton Abbey

    • In fact, I love these old houses, but they’re far too large for my needs (and pocket book) and younger buyers tend to want newer design and construction, which is perfectly understandable.

  2. Anonymous

    That’s a fantanstic buy, less than a million more than the much smaller house on two acres down the street went for. Do you think this house survives? If so, how much to bring it up to spec?

  3. Anonymous

    Chris, obviously there is much variability but what is 2 acres of decent land worth in mid country closer to town, south of Clapboard?

    That house doesn’t look terrible but if it is 6 acres I guess the house won’t survive.

    • $2 million minimum for a decent building lot – a good lot, not swamp – and on up to, I dunno, $2.75? We just closed on 487 North, 4.83 acres, 2 lots, for $4.750 million. That included some extensive site work. Earlier this year I sold a 2+ acre lot, with a free house, for $2.25 and late last summer, a 0.7 acre lot (oversized for the zoning) on Martindale also for $2.2

  4. wickets

    .not that it matters, but surprised the master bedroom is so small…….giant house, tiny rooms…..what were the architects thinking?

    • Different times and tastes, and that’s in part what makes these older homes so hard to sell. They can be reconfigured, and the results would be tremendous, but the work (and the expense) involved is daunting to many young couples who want a house they can just move into, not a rebuilding project.

  5. Riverside Brat

    I hope the new buyers gut the inside and create a world of modern traditional color. I love a good historical mansion on the outside with cutting edge appliances and top designer furniture on the inside. They should add some modern art as well. Perhaps a Jeff Koons puppy in the front yard.