Market signs?

22 Brownhouse

22 Brownhouse

22 Brownhouse Road in Old Greenwich has just been listed for $1.995 million. That may or may not be the right price but I find it interesting to use its price history as a rough guide to what’s happened to houses over on our Stamford border. The place sold for $1.250 in 2002 and when it was put back up for sale three years later in 2005 for $1.725 it sold in a bidding war for $1.905. Eight years later, it’s asking that same amount, roughly. Whether or not they get what they’re looking for, it’s a safe bet that no bidding war’s going to break out this time.

15 Comments

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15 responses to “Market signs?

  1. D

    Wow, for a second I thought this place was mis-labeled. It looks like the exact house that’s nearby on Harding Rd (75?). Did the same developer copy-and-paste a few of these in the immediate area?

  2. Cos Cobber

    D, There is a cluster of these carbon copy homes in that neighborhood. They were built simultaneously by Collins Development back around….

    • The site of the old Electrolux factory (I believe the houses were built on the parking lot, the condos across the street on the site of the factory building itself, but that’s just my unreliable memory). I never liked the quality of the build – they’re by Arthur Collins, after all, but they’d done well over the years. These used to sell for $750,000? in the 80s, when they were new.

  3. All About the Schools

    That’s one hell of a premium for getting into Dundee! The question is: If the buyer has circa $2M to spend on a house, why not just send the kids to Private School. Is Dundee better than the Private Schools in the area?

  4. Anonymous

    and they put money in…. renovated whole house it looks like.

  5. Anonymous

    All About: Maybe the buyer’s kids are too dumb to get into private school.

    • I believe what you mean is that the parent lacks the money to buy his kids’ way into private school. Lack of intelligence has rarely been a barrier to admission at our finest institutions and a viewing of any of the “named” buildings on the campuses of these institutions (Yale comes to mind) proves it.

  6. Guest

    Yale does not take kids merely because their grandparents donated a major building. That is why it is called the Yale Corporation.

    Being a legacy doubles the chances from 1/6 to 1/3 but tons of superstar legacies are rejected for no apparent reason other than it is a numbers game.

    Very bright kid from one of the most competitive high schools in NY went to another Ivy – not HYP- to my surprise. Not sure if the kid was rejected or advised by the college counselor not to apply.

    • Guest

      Just to be clear, his/ her grandparent had donated a major major building to Yake and a parent went to Yale.

      • hmmm

        there can only be two explanations to this fable:

        1. the parents/grandparents/step uncle was/is a republican
        2. there is more to the story

        • Guest

          If X donates a building to Yale and has 5 grandchildren, not all will go to Yale. The numbers are so off here. I used to interview prospective students and it was rare that any of the ones I wanted actually got in.

  7. KMA

    I know many Ivy Leaguers who only got in because of sports. When it comes time to find a job out of college, they use their connections of course. That’s how the game works. Ultimately, getting ahead is one of achievement and more importantly, who you know.

  8. Anonymous

    I like Brownhouse Road, but there is a *lot* of traffic from OGers looking to get to Exit 6 the “back” way. It is not off the beaten path. But most buyers these days don’t appear to care about traffic/noise/proximity to other houses when selecting a home.