Short sale pending

34 Boulder Brook

This house on Boulder Brook last sold for $1.750 million in 2007 and went into foreclosure not too long afterwards. Today it’s reported “pending”  – its last asking price was $1.369 and I imagine its ultimate sales price will be significantly less than that.

But short sales are tedious, so we won’t know, probably for months, whether this sale proceeds or falls apart. Stay tuned and maybe come back in October.

4 Comments

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4 responses to “Short sale pending

  1. anon

    Still amazingly overpriced. I was watching “House Hunters” on the HG Channel the other night, and for $250K, you can buy a bigger, newer, nicer house in the suburbs of Kansas City, MO. Those people must think we are smoking crack when they see a dump like 34 Boulder Brook going for 7-figures. Even more amazing are the miniscule apartments seen on “Selling New York” which are still going for $1,200 a square foot. Judging by the recent dump in stock prices and the Euro, there’s still a lot further down for these prices to go. And now even celebs are walking away from their upside-down mortgages. We’re all f*cked!

  2. Kim

    I respectfully disagree. The intrinsic value of real estate is based on location! And there are few places in the world to compare to Greenwich and NYC. I would take a dump here anytime over a McMansion in middle america with nothing to do but watch nascar.

  3. I’ve often wondered about the nosebleed premium Greenwich RE still commands and I grew up there. It’s a very nice place to live, but it’s not 2-3 times as nice as other nearby communities.

    And you’re not f*ucked unless you bought in the last 5-7 years and need to sell.

  4. pulled up in OG

    “And you’re not f*ucked unless . . . ”

    That’s about how well they bleep things on the tube these days. : )