Riverside: going down?

26 Weston Hill Road, new construction awhile back, sold for $2.995 in October, 2004. Sold yesterday for $2.665. Just saying ….

UPDATE: Cos Cob Byram saw a sale,  but at the same kind of price reductions we’re seeing everywhere in town except, of course, for that peach-colored beauty at 75 Long Meadow Road, whose owners hold (relatively) steady in the face of mean bloggers and nasty readers’ comments.

100 Mead Avenue

100 Mead Avenue

This house was listed at $729,000 and sold yesterday for $545,000. Assessed value: $546,910.

UPDATE: Cos Cobber pointed out my error – I saw “Mead Avenue” and thought of the Cos Cob street, which is a nice street with a convenient location to the shops and school. I forgot that there are two Mead Avenues in town and this one is in Byram. Still a good-looking house, but Mead in Byram is not at all the same as Mead in Cos Cob. My bad.

14 Comments

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14 responses to “Riverside: going down?

  1. xyzzy

    How much did North Crossway in Old Greenwich end up selling for?

    Also did 7 Binney Lane sell?

    • christopherfountain

      7 Binney was pulled from the market, 15 North Crossway sold quickly – still under contract, but the speed at which it went makes me think the sellers got close to their asking price.

  2. Stanwich

    What do you think about the listing on Palmer Island in OG? It was splashed across the Greenwich Times re section today. Not sure mosquito infested tidal swamp qualifies as waterfront but it doesn’t stop the listing agent from trying.

    • christopherfountain

      Stan, you’ve probably noticed that, by the time Greenwich Time writes about a house for sale, it’s been sitting on the market forever and the listing agent, as a last, desperate measure, begs Susan Nova or one of the other real estate “reporters” for the other papers to do her a favor. Just an observation.
      The problem with this Palmer house is not mosquitos – I live on the creek and find far fewer biting insects here than in the mid or back country – nor is it the mud flats exposed at low tide. You either like that view or not, but for many of us along the creek, low tide is when the wading birds come out and watching Great Blue Herons, Egrets, Night Herons and plovers is as interesting as watching boat traffic at high tide.
      No – here’s what I believe is stopping this sale: when the Palmer family sold off the land behind this one, it granted the owners of the lots a view easement over the roof of this one, so you can’t go up an inch, or, I believe, over. The footprint has to stay. I also think you can’t build a garage, but I’m not positive of that. So it’s a great lot, for creek lovers, but there’s not much you can do with it. I’ve heard that there have been a number of deals that fell through on it over the past few years it’s been on the market, when the prospective purchasers did their due diligence and figured out exactly how restricted they were. I know you can do something there; what that is, and what it’s worth, have yet to be discovered.

  3. Cos Cobber

    Was this intentional, to post a picture of the wrong house and wrong address for Cos Cob in order to make this low price sale look even worse? I believe you are refering to 10A Mead Ave, not 100 Mead Ave. Its a lesser home than what you pictured as what you pictured is still worth a kajillion dollars, even in Cos Cob. The actual home, a split level with modest grounds (ie tiny lot). Its on Miami Court, a short dead-end side street.

    http://www.trulia.com/property/1080765945-10a-Mead-Ave-Cos-Cob-CT-06807

    • christopherfountain

      Of course not, Cob – I thought I pulled that photo from the listing. I’ll go check and make a correction, if necessary. As for making it look worse, that’s all relative. If this is the house, the seller may not like the price but some buyer must be very happy indeed.

  4. Cos Cobber

    if the picture matches the price then i think the buyer should relist for 100k more.

  5. Cos Cobber

    okay, scratch my last comment about relisting for 100k more….unless of course, you can move the house to Cos Cob.

    • christopherfountain

      I’d think, just judging from its picture, that house would be worth $200,000 more in Cos Cob. Which is quite a difference.

  6. InfoDiva

    Can’t help but smirk a little as you wax poetic about the blue herons and egrets that you observe from your own property.

    If you didn’t live on that creek, and some other broker tried to describe the property that way, you’d be the first to remind him to mention the water rats, musty basement, and heady odor of dead fish that can also be enjoyed creekside.

    Just sayin’.

  7. Cos Cobber

    but in 06878 this house probably just 205,000 more in NoPo and 205,937 more in SoPo.

  8. shelton04

    Zillow says 100 Mead Avenue (which has a zip code of 06830) sold for $629k. 10A Mead Avenue is in Cos Cob.

    • christopherfountain

      Zillow is misinformed or the price reported to the Greenwich MLS is inaccurate. I’ll go with the reported price. You’re quite right that the property is in Byram, as corrected.

  9. realist

    Mead. Ave. Cape…Funny a year and a 1/2 ago I got a call from realtor, re “new to the market, this one will go fast” so drove by and said “you’ve got to be kidding”, mere steps from 95.
    now for 200K less sold.
    Bring the ipod. And Blast.