Follow up on 114 Hendrie Avenue

A 1947 wall refrigerator goes with it

A 1947 wall refrigerator goes with it

I wrote about this when it came on last December? January? 114 Hendrie is an older house on 0.3 acre, railroad in back. Owners asked $790,000, the first offer that came in (a day after it was listed) was the highest, went to contract immediately and it just closed at $800,000. I understand that the buyers intend to fix it up and live there, which might account for their high bid, but my own client’s bid and those of a couple of other builders were pretty close to the winner’s, so $800,000 is a good marker for what a less-than- prime lot on a highly convenient location in Riverside is worth today.

16 Comments

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16 responses to “Follow up on 114 Hendrie Avenue

  1. InfoDiva

    Is living with the railroad tracks in your backyard any better than living nearly under the I-95 overpass?

    This mid-country middle-aged lady, a town resident for almost 30 years, is astounded that anyone with $1MM+ to spend (the cost of this house with needed improvements) would even think about living right on the tracks.

    Clearly, folks who buy in Riverside and OG don’t feel that way these days. (I think they used to, given how modestly -built most of those original houses on the tracks are.)

    But I just don’t understand this particular shift in housing tastes, and never will. Maybe it’s a good thing that old timers like me are dying out and/or moving away.

  2. D

    Seems like a good value for the land – feels like they got the house for free? Is the train at grade with the house here?

  3. InfoDiva

    And why the heck do my comments still require moderation? Got something against bitter mid-country owners like me?

    • Info, I’m having the same difficulty with Cos Cobber’s comments and I don’t know why or how to fix it. I’ll keep trying – absolutely not my intention to subject your comments to pre-approval.

  4. xyzzy

    What attracts people to OG and Riverside are the families. Everywhere you look are kids, and if you want to move into Greenwich and have young kids that is the place you are looking to move.

    As far as the railroad tracks go, my guess is they are people moving from NY or another large city where they are used to noise, so its a small trade off for the price.

    • InfoDiva

      xyz, Greenwich has always been a family town. We moved here with two in diapers back in the 1980s. Our real estate agent told us that she would be able to show us much more in our modest price range if we would consider OG and Riverside, because–get this–houses were less expensive there!

      Obviously I’m not talking waterfront, which is a whole different animal. But simply stated, 30 years ago you got more for your money in the eastern part of town than in mid-country, where we ended up.

      We missed a terrific arbitrage opportunity, that’s for sure.

    • Cos Cobber

      Bingo XYZZY!

      InfoDiva, more 20s and 30 something people are spending a solid period of time living in major urban areas in apartment buildings. These folks have become accustomed to noise and less interested in anything but a modicum of yard work. What they really want is to combine the neighborhood density of their city life with a little more greenery. Add that to a highly rated school district and presto, you have the OG/RV real estate magic.

      One other thought. Mid-Country is intimidating, even if you have $4MM to pay cash on a home. It seems unapproachable…difficult to meet people and socialize. OG, RV and Cos Cob have that – get to know your neighbor – quality that the iron gates of midcountry don’t have.

      • InfoDiva

        I can’t imagine that someone with $4 million to spend on a house at age 35 can be as easily intimidated as you suggest.

        I go to the gym with many of these ladies. Their diamond rings command respect, even if their manners don’t.

  5. Just wondering

    Is there a wrong side of the tracks in Riverside or Old G?
    and
    Is there a safe crossing for kids to walk to school across the tracks?

    • In old Greenwich, the prices increase as you head south: Post Road the the Village, South of the Village to Shore Road, then south of Shore Road, with various micro-neighborhoods on the side streets.
      Riverside, it’s Post Road to Lockwood, Lockwood to the tracks, tracks to Riverside Avenue, south of Riverside to the water.
      Back in the day, gangs of us kids would come up from south of the tracks and walk across just east of the station house. Try that today and you’d be arrested. Times change – stick to the bridges on Riverside Avenue and Drinkwater.

    • Cos Cobber

      There are no – at grade – track crossings on the Metro-North line (ignoring the Danbury and New Canaan spur lines) anywhere that I can think of between NYC and New Haven. All track crossings are bridges/overpasses – nothing at grade.

  6. Mickster

    My jaw is dropping at this conversation.

    1. I imagine there are probably what, forty trains pass town every day – just guessing. There must be 40 cars passing a point in Greenwich on the 95 EVERY few seconds – so no comparison.
    2. “Is there a safe crossing….across the tracks..?” – no, we try to make sure there are no trains when schools open and close every day…wtf…

    It never ceases to amaze me that backcountry residents can’t understand the prices in Old Greenwich and Riverside. All they have to do is come down on a summer’s afternoon and see the kids strolling to the ice cream parlor or GC, on their way to or from the beach, adults sitting at an outdoor cafe or just strolling with baby strollers, then walk over to Binney to catch a softball game, soccer match or some tennis or just sit or just feed the ducks. I see it every day and why anyone (especially with small kids) would want to live anywhere else, that amazes me.
    Add to that the convenience to work in NYC and everywhere, great schools and most are sold.

  7. GreenITCH

    I am not so sure it is all that calculated and that people have changed … i think those buying in Greenwich realize there are trade offs and concessions to be made according to where one wants to live and the various price points . While in Real esate its Location , location , location .. in greenwich u likely may find yourself on a busier street , older house , bordering the train tracks etc to get the other thiings you desire ..walk to train , town etc .. i do agree that people like the neighorhoods and abhor the thought of being a ” taxi ” for their kids when in mid and backcountry …albeit to me it appears EVERYONE with kids have ” play dates ” .. but living in Riversider … we can walk ( actually throw a rock even ) and be at 4 – 5 houses with kids my sons age …C’est la vie

  8. Anonymous

    the term “play date” is yet another example of the sissification of america.

    back in my childhood, not only did i hike through 10′ of snow (even during summer) uphill both ways, but i did so in order to go see neighborhood kids/friends and just “play” or “hang out.”

    now get off my lawn.