What is it about Cos Cob that people don’t like? It has an excellent elementary school and Central Middle School is appreciated by the parents of its students, it’s close to the beach and central Greenwich, there’s a nice shopping district (albeit one without a grocery store – thanks, Jerry) and the yards tend to be much bigger than comparable houses in Riverside or Old Greenwich. Yet some newcomers go ballistic when they discover that mail addressed to Greenwich with a Cos Cob zip will be returned by the Post Office, Riverside Yacht Club members universally paint “Riverside” as their home port even though they sail from Cos Cob Harbor (one brave friend, Bill Breck, defied that tradition, but he’s now dead. Coincidence? I think not) and many, many buyers refuse to even look at a listing if it’s in Cos Cob. So what gives? I don’t know.
But, prodded by a comment from Stanwich, I just pulled up the sales history for that section of town to see whether my memory about low pricing was correct. It was. There has been exactly one sale for more than $5,000,000 in the history of Cos Cob: 200 Cognewaugh, $5.250, in 2007, and I doubt it would fetch that now. There have been no sales, ever, in the $4.5 – $5 million range, one sale at $4.295 (2005) and three other sales in the low 4s ($4.000, 4.050, and $4.175), and that’s it. Period.
I like Cos Cob, I’ve sold a lovely house on Cat Rock in Cos Cob and I’ve recommended scores more homes, to no avail. So Stanwich, you can take me to task for disrespecting Cos Cob, but the fault lies in the buyers, not me. By the way, fella – isn’t Stanwich in Greenwich proper?