(Gideon Fountain writing for the vacationing Christopher Fountain)
Of the four properties that reported “contracts” today, two are sited up in the hills: 24 Nimitz Place ($785,000) , Old Greenwich and 43 Glen Ridge Road ($2,995,000), in the Glenville section.
Nimitz was listed by Claire Henry here at Cleveland, Duble & Arnold, buyer provided by Pam Cunconan at Coldwell. Glen Ridge was Lisa Gabriele’s listing, buyer provided by Calvin Darula, both at Raveis.
Since every sale is a lesson, what can we learn from these two?
Nimitz was priced approximately at what things were selling for in 2004 and attracted MULTIPLE BIDS.
Glen Ridge sold previously for $3,800,000 back in September, 2006. It came back on in August, 2009 at $3,195,000, that is, $600,000 (about 16%) below the old selling price but it STILL took many months and a bit more reducing (to $2,995,000) to get it sold.
Because my brother cares about these things, I will note that Nimitz’s Town assessment is $783,720 and Glen Ridge’s is $2,337,930. We will re-visit these two when the closings occur but it has been proved to my satisfaction that the Town of Greenwich number is REGULARLY way off, either high or low ( and the same goes for “Zillow”)