I wrote about this house just two weeks ago when its price dropped. It sold for $1.695 million in 2004, $1.896 in August, 2007 and was listed last December for $1.990. It sold last Friday to a cash buyer for $1.550 million. Other sellers in Milbrook will disagree, but their house values just dropped, I think – yes, I know, this house is not officially in Milbrook proper, which begins on the opposite side of the street, but you’re still affected. In my opinion.
4 Waterfall Lane, a Cos Cob cottage that I also wrote about recently, also sold Friday for $900,000. It last sold, almost 5 years ago, for $879. Before that, it sold in 2002 for $730,000. That seller had purchased it for $430,000 in 1998, thrown a little money into fixing it up and then cleared out. I’d say he made out best of all the recent owners. But that was then and ….