Conyers Farm – 1997 prices, coming up (or down)

19 Lower Cross Rd

19 Lower Cross Rd

This Conyer Farm house, sold in a bidding war (I think – list price was $11.9) for $12.2 million in February, 1997. The buyers placed it back up for sale in 2006 asking $18.5 million and today, three years later, have reduced it to $13.5. So okay, it’s not quite back to where it started 12 years ago, but it’s certainly getting there.

16 Comments

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16 responses to “Conyers Farm – 1997 prices, coming up (or down)

  1. anonymous

    Well, Conyers land was always cheap, even in best of times

    A 12 yo structure qualifies as a tear-down, no?

    Who wants a 12 yo car or 12 yo cell phone?…or a 12 yo house?

    Long way to go to reach land value…

  2. CEA

    2 things about Lower Cross:

    You don’t enter via the Conyer’s Farm gates off North Street.

    Parkway School is on one end.

    For that kind of money, you can live farther from a school, and I know there is a house on Meadowcroft available for that price, eager seller.

  3. CEA

    You know – another thought. They’be been waiting 3 years to sell? Wow. If they wait long enough, this will become an estate sale.

    Instead of getting cash, heirs are going to start getting big albatrosses (see: Whispering Pines) that no one wants. And that they, seeing dollar-signs in their eyes, inevitably price too high.

  4. Jane

    CEA, have you seen the inside of the house on Meadowcroft? An utter disaster. Ugly kitchen with freakishly large island and too many small, choppy bedrooms upstairs. Land and exterior are pretty, though.

    • christopherfountain

      Jane, I believe CEA was being humerous. And you’re right about that kitchen. I asked, sincerely, what the huge slab in the middle of the kitchen was and was told by the listing boker, “a counter”. Never seen one like it before and can’t imagine how it could be used for any purpose. Very odd.

  5. PrimeTimeMom

    Anyone have a picture of the freakishly large island? I would love to see that.

  6. PrimeTimeMom

    Thank you InfoDiva. Ugh! Could you even reach the center of the island? Poorly planned kitchen.

    • christopherfountain

      Ha! I was just pointing that out, Prime Time. Apparently the breadth of the thing is obvious in the picture – to you, anyway.

  7. christopherfountain

    Thanks, InfoDiva. But for those who haven’t seen that “counter”, the picture doesn’t show how it’s too wide to even reach to the middle of. Anything that makes it way to the center of this hunk of stone is going to stay there until the owner finds one of those extender-claw things on a broom stick and retrieves it.

  8. Reader

    Chris – in this photo there appears to be an exhaust hood above the island, but I can’t see the cooktop. I guess it must be poor photography.

  9. Mad Monkey

    Obvious panic sale. What an idiot. In 2H10 he gets much higher price. Nonetheless, the property was seriously overpriced to begin with. $18.9 was a pipe dream. Looks like a starter estate. Would love to know the highest offer he rejected. If over $14mm he should’ve taken it. In this market, he’ll be lucky to break even.

    Don’t even ask, CF. I haven’t converted nor have I gotten religion on you either. However, I must admit that this current market environment has me slightly depressed. Did anyone catch “House of Cards” on CNBC?

    Jesus help us…..

    However, I must admit for those of us who made a killing in the past 10 years, it couldn’t have been easier: like taking candy from a baby. God bless this country. Only in America.

    Now fortunes are being lost in the market everyday. PA down another 5% today. Poppy needs a glass of scotch and a nap.

  10. Anonymous

    Zillow shows:

    Last sale and tax info
    Sold 02/28/1997: $9,500,000

    Property is 13,000 sft.

    At MM’s $1,000 psft threshold, $13mm wouldn’t be too bad for the seller.

    Chris, I notice that many of the higher end spec houses are listed at greater than $1,000 psft. You have any figures on how many homes ever sold for that much in Greenwich? Is Greenwich really more like $600 psft now?

    • christopherfountain

      Very few over $1000. I did run these numbers not log ago and I believe we’re selling at $600 and asking at $1000. Seems to be a bit of a gap between what buyers are willing to spend and sellers would like to get.

  11. Anonymous

    Meadowcroft is a nightmare . Where was Mariani and how could he let this happen? Is there any pride left when putting your name on something ? THE KITCHEN AND THIS MONSTRACITY OF A ISLAND IS ONLY THE BEGINNING . THE FIRST FLOOR HAS A TINY POWDER ROOM, NO COAT CLOSETS , AWFUL LIVING ROOM AND MANTLES ARE TO SMALL. IT WAS A HUGH DISAPPOINTMENT .DO ES HE REALLY THINK THAT SOME IDIOT WILL COME ALONG AND JUMP ON THIS FOR HIS ASKING ? THOSE DAYS ARE GONE . AT THIS POINT HE WILL PROBABLY GIVE IT AWAY.WHAT A SHAME IT COULD OF BEEN BEAUTIFUL THE LOCATION IS DESIRABLE THE LAND IS PRETTY, BUT ITS A DISAPPOINTMENT.