No sales of note, but there are four more accepted offers reported, so people are still out there buying.
The former Jehovah’s Witnesses Church (they moved to new digs) at 477 Stanwich Road found a buyer after reducing its 2011 price of $2.3 million to $1.350. Merritt exposure, but four very nice acres and a church, if you want one. I know that one of our newer congregations looked at it back a year or so ago but felt that it was too far north from their current, albeit temporary quarters.
And even closer, if possible, to the Merritt, 424 Stanwich, 2 acres and a 1970 house, has a buyer. Asking price, $1.395. Between these two properties, you should have a pretty good idea of the Merritt factor in lowering property values.
10 Knoll Street, Riverside, was purchased for $2.150 in 2006, had some money put into it for renovations but couldn’t find a buyer at $2.395. The owners cut that price to $2.2, and now have an accepted offer. Nice street, good house for what it is, but there’s a limit to these things, even in Riverside.
Under new listings, 19 Lower Cross Road is up, asking $18.5 million. That number is identical to where it was listed in 2006 price – it eventually sold in 2010 for $11.450. Let’s hope these sellers are more fortunate.