Cos Cob condo blues

That eight unit development crammed onto 340 Valley Road has been suffering since its inception. The developer sold two units: one, originally priced at $2.7, sold this January (! And wouldn’t you like to know what the buyers agent told him to convince him to buy in a dead development?) for $2.360, the other sold last July for $2.3. As of yet another price cut today, the prices for the remaining units range from $2.250 to $1.8 million and, unless something unexpected happens, those probably won’t be the selling prices.

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4 responses to “Cos Cob condo blues

  1. anon

    $2mm+ for these condos is a joke. They are 4,000 sq ft, and based on the pictures in Zillow, the construction is average quality, $200/sq ft. So maybe they are worth $1mm, but no more.

  2. Cos Cobber

    1.mm to 1.3mm

  3. Cos Cobber

    actually, i think when all is said and done, they clear in the 1.1 to 1.5 range. i think they squeezed in a pool for one or two of the units.

  4. fred

    The buyers agent said: Goddamn it! This is the 123 property I’ve showed you. If you dont sign the contract today, I’m gonna pass you off to Chris Fountain!!!