“Once in a lifetime will you see such unparalleled beauty as 508 Round Hill Road. This totally breathtaking 5 acre estate sits atop a knoll, over looking the sweeping lawns which lead you to two of Greenwich’s most expensive residences. This six-thousand square foot stone Georgian colonial redefines excellence in Greenwich. The interior has been lovingly restored preserving the charm and integrity of the home. As you walk out and enter the rear yard, you are greeted by a new gunite pool with state of the art pool equipment. Pass the pool and enormous blue stone patio, you will find horse accommodations so charming, one would only find something similar in a Thomas Kinkade painting. When you add the mature trees and the long approach, you are left totally speechless. 508 Round Hill is a property of distinction meant to be handed down through generations. if you’d like to preview the home please contact our office for a private and confidential showing.”
“A Thomas Kinkade painting”? Gag me with a pitchfork. It’s horrible writing like this that probably got the owner of this place, DFT LLC, in trouble. Their website is stuffed with copies of press releases crowing about their latest tear-downs, their purchases of “prestige property” on Round Hill Road and Vineyard Lane and on and on but now Vineyard Lane is back up for sale, as is, 516 Round Hill Road is languishing and 518 Round Hill is under threat of foreclosure with a $6,000,000 mortgage against it. I dunno, it all seems eerily reminiscent of the Antares boys and, going back a few decades, the wonder boy of the 80’s, Kurt Wittek, who must surely be out of prison by now.
Daily Archives: November 13, 2008
Hollywood to back new Michael Moore movie on economy. And, most assuredly, attacking free market capitalism.
Disney gets them when they’re young, Hollywood when their pathetic minds have been softened up in our public schools, and we all wonder why the center will not hold.
As always, O’Rourke sums things up neatly: “We blew it”.
None of this is the fault of the left. After the events of the 20th century–national socialism, international socialism, inter-species socialism from Earth First–anyone who is still on the left is obviously insane and not responsible for his or her actions. No, we on the right did it. The financial crisis that is hoisting us on our own petard is only the latest (if the last) of the petard hoistings that have issued from the hindquarters of our movement. We’ve had nearly three decades to educate the electorate about freedom, responsibility, and the evils of collectivism, and we responded by creating a big-city-public-school-system of a learning environment.
What will destroy our country and us is not the financial crisis but the fact that liberals think the free market is some kind of sect or cult, which conservatives have asked Americans to take on faith. That’s not what the free market is. The free market is just a measurement, a device to tell us what people are willing to pay for any given thing at any given moment. The free market is a bathroom scale. You may hate what you see when you step on the scale. “Jeeze, 230 pounds!” But you can’t pass a law making yourself weigh 185. Liberals think you can. And voters–all the voters, right up to the tippy-top corner office of Goldman Sachs–think so too.
We, the conservatives, who do understand the free market, had the responsibility to–as it were–foreclose upon this mess. The market is a measurement, but that measuring does not work to the advantage of a nation or its citizens unless the assessments of volume, circumference, and weight are conducted with transparency and under the rule of law. We’ve had the rule of law largely in our hands since 1980. Where is the transparency? It’s one more job we botched.
So anyway: 49 Hillside Drive was built by Quaker Hill Builders on land they purchased for $2.0 million in April ’07. They have been trying to sell their new house ever since, for $5.975 million and dropped it to $4.999 million, so far without results. It looks like a nice house and I know the builders have a good reputation so, unless readers teach me otherwise, I’ll believe it’s the price with something wrong with it, not the house itself or its location.
53 Hillside Road (no link because the broker doesn’t want Internet exposure?) was built on land bought for $1.695 way back in June, 2004. In September 2006 it was brought to market at $6.495 million and, a couple of brokers later, it’s down to $5.385 million and still hasn’t moved. I notice from the pictures that the place has been “staged” – rental furniture brought in for the benefit of buyers too dull to imagine what a house might look like with furnishings. I’ve never thought much of staging and, in this case at least, it would seem that sofas and chairs and framed pictures of strangers aren’t enough to overcome the fact that there’s a high school across the street and traffic that comes with it. But at some price ….
This perfectly nice, albeit still-unsold, house at 601 Lake Avenue was built on land (which had a nice older house on it at the time) sold in 2005 and again in 2007. Both times, the listing described the lot size as 1.66 acres and the 2007 listing mentioned that the seller had a survey and had calculated the allowable FAR as 6,468 sq.ft.
The current listing says the lot is 1.89 acres and the sq. footage is 8,500. I understand where the extra square footage is hidden: in the basement, but where did they dig up the extra acreage?
There’s a price reduction reported this morning, from $1.155 million to $1.100 million. The seller may think that this will signal his willingness to negotiate but I interpret it as a real turn-off, indicating a stubborn owner who is sticking to his price, come hell or bad market. Which is fine: if he doesn’t have to sell the place, if he’s one of the many property owners in Greenwich who say, “I’ll sell my house if I can get my price, otherwise, forget it”, then that’s okay, but he shouldn’t expect the real estate community to pay any attention to his supposed price signal. he might just as well have stuck to his original price, however, and I wonder who told him that a 4 1/2% price cut would accomplish anything?