10 Carissa Lane, up off Stanwich, is priced at $1,571,500 million – the sellers paid $1.770 for it in 2008. When I saw it at its first open house a month or so ago I thought it was fairly priced and offered good value for this price range and I hurried some of my clients into it because I feared it would sell before they had a chance to see it. It hasn’t sold and both sets of my clients, although they saw the relative value, didn’t bite.
Talking to other agents I learn that I’m not the only one who thinks this is a good one, yet so far, buyers disagree, and all that shows is that agents may have informed opinions but they no more control the market than they do the weather. A house is worth what someone is willing to pay for it, no matter what the owner or real estate agents may believe.
That conceded, I still maintain that I’m right and the market is wrong (!) The house was built in 1984, updated since, sits on a beautiful acre of land that abuts non-buildable nature conservancy property, is seven minutes from the Cos Cob train, has a Greenwich address that’s assigned to the
North Street Parkway, a reader corrects me - Central Middle schools, and despite being near the Merritt has no objectionable traffic noise, at least to my ears.
Would I change some things about it? Sure: I’d redo the kitchen (the baths are fine), remove the wall that greets you upon entering and get rid of the cheap trim (I know it’s cheap because Pal Nancy and I used the same Rings End stuff when we did our house on a budget in the same year, 1984) and paint what’s dark now with brighter colors. All in, maybe $35,000, if you buy a kitchen from Green Demolitions, $75,000 if you don’t. It’s shy a bathroom upstairs – the kids will have to share! – and I suspect that’s what’s turning buyers off, but hey: live with it.
It’s not Riverside and if you must live in Riverside, then that’s your problem. If you want an acre of living space and a perfectly decent home, this one’s a good choice – again, your opinion may differ and it’s your opinion that counts, not mine, but if you’re looking in this price range and haven’t seen this house, take a trip.
(And no, it’s not my listing, it’s Brian Tunney’s, but Briney’s pretty smart for an Irishman – a low hurdle, admittedly, but he’s put an intelligent price on this home.)