Wanna bet?

New listing today at 25 Peepers Hollow Road (off Riversville) Ml #74110, asks $750,000 and offers this description: “NEEDS WORK TO BRING IT UP TO DATE. FRESH PAINT & HARDWOOD FLOORS THROUGHOUT. SEPTIC IN GOOD SHAPE W/LITTLE OR NO POSS OF BACK UP SYSTEM – NO EXPANS. PURCHASE SUBJ TO PROBATE COURT APPROVAL.”

Which is interesting – it’s kind of like a lease of indeterminate length. You could buy it and live in it happily ever after or the septic could fail they day you move in, have the house condemned and be back on the street before you’ve unpacked. $750,000 for that opportunity is beyond my risk tolerance but perhaps a drop out from Gamblers Anonymous will like the odds.

6 Comments

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6 responses to “Wanna bet?

  1. Anonymous

    Same odds as other Greenwich homes.
    One year ago that house on Cross and Lake was offered to me at over $2 mil. Today, I would own 50 per cent of that.
    Another example is land at $1.3 for easy access to Merritt and North Street also land at $1 mil for Ski run down from North Street and land on the corner of Merritt and Sherwood.

    You lot are just trying to rip off the buyers. Pure and Simple. There should be a law against it.
    Yup, Greenwich houses are always a great investment, Not!

  2. InfoDiva

    You sound like a Riverside boy who grew up with sewers.

    There’s always something that can be done when a septic field fails. The engineered systems that result are expensive, but it can be done.

    I’ve even seen situations where the septic tank is pumped out every week until the backup system can be engineered.

    • christopherfountain

      Diva, they can indeed do wonders with engineered systems these days. But wonders, not necessarily miracles. 136 Cat Rock, using all the technology at its disposal (bad term for a septic system, I know) still came up with just a 3 bedroom septic at a cost of hundreds of thousands of dollars. They lost big. And this listing says there is no reserve area -I assume they say that only after Charlie Bond or someone with his experience tried their damndest and failed to find one, and Charlie is a heck of a persistent guy.

  3. duff

    Even if there’s no possibility of approval of a new system (if i’ve understood the description correctly) isn’t a repair always granted no matter how extensive?

  4. anonymommy

    FYI, the name of the gentleman who owns J Bond is Charlie Weiss. The town can grant a variance to fully replace a failed septic in the exact location. I believe it’s considered a repair and it’s very expensive, but do- (doo doo?) able. Sorry, couldn’t help myself.