Daily Archives: September 27, 2010

Chris Christie in 2012?

I hope so. He’s got my vote.

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Dirt cheap shale oil disrupts green policies

So says a British study on the subject. Shale oil extraction is pretty messy from an environmental perspective, but cheap energy trumps expensive, every time. Of course, eco-warriors want us back in the stone age so this won’t stop them, but it will give society at large pause.

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“Swimmies” and the value therof

Big dispute over whether kiddies should use flotation devices in Greenwich pools. Given the YMCA’s financial woes, I’d say this problem is soon going to be reduced by a third – kids won’t need swimmies in a bank.

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Oh, the humanity!

Gitmo prisoners restricted to one ice cram per day. The British press considers this confirmation that we’re torturing terrorists.

(Ice cream – Freudian slip)

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Here’s an interesting legal development

There’s a house being foreclosed on here in town – the listing agent and his firm have refused our offers, once on the ground that a low price would “ruin  the neighborhood” and, lately, “just because”. Recently the listing agent dropped his objection to ruining the neighborhood” and listed the subject property for a pittance. He still refused to present our offer so, as any red-blooded American would do, our buyer sued!

The interesting legal development is that the buyer’s attorney Genevieve Salvatore filed a motion to intervene in the underlying foreclosure suit and it has been put down for a hearing. Which is not to say the motion has been granted, yet, but the judge is at least willing to hear Attorney Salvatore’s argument. Which I believe is a first. A would-be buyer has no right to intervene in a suit like this but a court can permit anyone in who in fairness should be in. This opens up a whole new creative opportunity in cases involving nasty real estate agents who act as gatekeepers on offers.

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Live by the sword …

Owner of British division of Segway scooters drives off cliff and drowns.

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Price cuts

828 North Street

Asked $6.495 back in 2008, down today to $4.5. Assessment, $2.377

39 Clapboard

Once asked $6.5, yours today for $5.1 million. Assessment, $3.426.

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Sales activity

60 Loughlin

 

Assessed at $999,600, listed at $895, went to contract right away and sold at full asking price. I did not see the house – there was no open house – but I like the street. 

This one on Sheephill was assessed at just $1.210 but was listed for $1.795 and sold Friday for $1.7 million. Notwithstanding the discrepancy between assessment and selling price, I liked this house – it has direct access to the Mianus, and that’s worth a premium to me and, obviously, to the buyers. 

206 Sheephill Road

And 37 Skyridge has entered into contract. Asking price, $4.350, assessment, $2.460. A great house, but my clients didn’t prefer it. This makes two quick sales for Elizabeth Douthit, of Round Hill Partners (her listing at 16 Round Hill Rd, also in the $4 million range) sold in mere days. Elizabeth’s on a roll! 

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Coyote sighting!

My brother John is visiting us here in Riverside and reports that at 6:30 this morning a large coyote appeared on our seawall. He eventually crossed the creek and disappeared in the sea grass, so I guess he’s Old Greenwich’s problem now.

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