Missed a good one

This house at 7 Fairchild Lane was a bit off the beaten track in the Riversville Road /NW corner of town, but it seems like a good deal for two acres, 5,000 + sf (tax card and the listing differ) 6 bedrooms, pool and a nice yard. The town valued it at $2,949,000 with an assessed value (70%) of $2,064,000. It was an estate sale and I guess the heirs wanted to move it because it came on in November at just $2,250,000 and went to contract yesterday. 

The town’s estimate of value is not always right, of course, but that assessment was $2.250 was not only a smart price, it’s a good indication of what’s happening to real estate out there.

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Filed under Buying/Selling Greenwich Real Estate, Contracts, current market conditions, pricing

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