Sale, pending contract, price cut

 

32 Meadowcroft Lane

32 Meadowcroft Lane

32 Meadowcroft, a Mariano spec home, closed for $9.2 million. That’s a lot of money; not the $12.575 originally asked in 2011, but still ….. I didn’t like it, someone else did, and since, of the two of us, he’s the guy with the money, it’d be his opinion that counts.

 

15 Spring Street

15 Spring Street

15 Spring Street, Riverside, is under contract, asking $1.950 million. Gosh.

97 Deep Valley Rd

97 Deep Valley Rd

And across the border in Stamford, 97 Deep Valley Rd took another price cut, to $4.995 million. I mentioned this property back in July, when, after failing to sell at prices ranging from $8.5 million to, finally, $5.9, a new broker was brought in and the price raised to $6.475. I questioned that strategy then, and it seems that it indeed, it didn’t work.

The house is beautiful, in a Stamford-sort-of-way, and its location on the Mianus is pretty spectacular, but it continues unsold as its price fluctuates. I don’t know what the Stamford market will support for a home like this but so far, the $8.5 -$5 million-plus range isn’t it.

11 Comments

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11 responses to “Sale, pending contract, price cut

  1. Riverside Dog Walker

    Looks like Spring St took a $125k price cut a month ago, which must have done the trick, getting it under $2 million asked. Nicely updated, but still a 1930’s house. gosh indeed.

    BTW, the new construction on Knoll St is almost finished. It towers over everything else on the street.

    • And they added central air, using those micro-ducts that make it possible to add a/c to older homes like this. Probably didn’t cost much more than $15, $20,000, so money well spent when trying to convince buyers viewing on a hot summer day.

      • Anonymous

        We passed on a house in August a few years ago for exactly that reason. Older, beautiful home, brick georgian colonial. Awesome craftsmanship, just a gorgeous place that was in a time warp (elderly owners, retired, etc.). They obviously enjoyed the home, raised a family there with no a/c or maybe they had window units back in the day.

        I was sweating like a pig and the agent must’ve thought “this isn’t going well.” (She arrived 2 hours prior to open all the windows and turn on fans, comically enough.)

        High velocity systems are great and for an avg. 3k sq. ft. home without ridiculous amounts of complexity, you can expect around $10/sq. ft. all-in–provided the electrical system has enough juice.

        • anon2

          Don’t forget many families of yore spent entire summers away, on the lake in Maine or on the shores of Gitchigoome. Kids then spent 8 weeks at sleep away camp too. The main residence didn’t need no stinkin’ AC.

  2. Anonymous

    I’m gonna go with the answer that many/most old folks of great depression generation didn’t have a/c and were used to whatever mother nature threw their way.

    In other words, tougher, harder working, and of the mindset that helped build this country.

    To think, nowadays kids have PTSD, ADHD, prozac, counseling, therapy, life coaches, gluten free meals, and participation trophies. God help us when they get old and have to, you know, work.

    • My father (b.1905) obviously grew up without a/c and insisted to us kids that the whole house attic fan was all we needed. Maybe – I fully remember sweating on the sheets for interminable nights in summer.

      That said, I find that I have no taste for central air, but do use a room air conditioner to sleep. I’ve used it just twice this summer but then, Al Gore notwithstanding, it’s been an exceptionally cool season.

      For selling purposes, I think you have to have central air. For personal use, opinions differ.

  3. Cobra

    Chris…How many homes on Gilliam Lane do you remember had A/C when we were growing up? We sure didn’t, and I don’t recall the Hubbards, Sinclairs, Fitzgeralds, Van Burens, Wallaces, Fullers, Bairds, Mogers, Roves, etc. did either.

    • I’m pretty sure it wasn’t readily available for residential use until the mid-60s or so. Certainly I don’t remember any houses with it.

      • anon2

        AC trivia:
        1931 “Hot- Kold” year-round central air-conditioning system for homes on the market

        Frigidaire markets the “Hot- Kold” year-round central air-conditioning system for homes. During the early 1930s, a number of manufacturers design central air conditioners for homes, a market that grows slowly until the 1960s, when lower costs make it affordable for many new homes.

  4. Anonymous

    I haven’t had to use cental ac much this summer either and i am thankful for it. 3 zones, big air handlers/compressors = lousy electric bills.