Daily Archives: November 1, 2010

Silliest damn thing we’ve done in years

Dick Blumenthal supporter

Greenwich Schools shut down for election day – “stranger danger”! Greenwich schools used to stay open during elections – in fact, the kids conducted bake sales and made some money. We students could see citizens voting and it was a valuable lesson. Now, we teach the children that the grown-ups around them are such dangerous sex predators that we have to close the schools when adults are roaming free. This despite 100 years with no incidents. We’ve gone nuts.

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So you’re sitting around in the jury box, deciding a man’s fate, and your hormones stir

Law enforcement groupie

Female juror in Hayes sentencing trial caught passing mash note to court deputy. Good Lord.

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Almost there

418 Riversville Rd is a sort of meandering mess of a house – not terrible, but sort of patched together as different owners saw fit. It’s been for sale since 2006, starting with one broker at $3.495, then another at $3.5 million and now, five brokers later, it’s down to $2.195. Assessment is $2.667, so maybe now the price is right. There’s a lot of work to be done on this place, I think.

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Why do people do this?

414 Round Hill Rd

This was new construction back in 2004 and failed to sell at $13.9 million back then. It dropped to $9.9 by 2006 and was presumably rented out, because it disappeared until July of this year when it came back on the market, priced at $11.9750 and given a new construction date of 2006 (?).  Today it’s taken a price cut, to $10.950.

I wouldn’t dream of questioning the listing broker’s advice here but it seems to me that if something failed to sell at the height of the market for $9.9 million, then $11.750 in 2010 or even $10.950 isn’t going to get the job done. Assessment is $4.482.

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This’ll learn ya

Land on Dearfield Lane, originally priced at $1.650 fasiled to sell so the price dropped, slowly, to $1.050. Still no bites, so today the seller raised his price, to $1.250. That should do the trick.

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Sales

37 Skyridge, asked $4.350, sold promptly for $4.250. Assessment is just $2.460, which is why the Back Country is going to be walloped in the upcoming reevaluation. This was a fair price for a great piece of property.

237 Bedford started at $3.375 back in ’09, sold last week for $2.4 million, assessed at $1.675.

40 Edgewater started at $1.699, dropped (short sale) to $995, sold Friday for $1.001 million. Assessment, $763,000.

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Why I love liberals

It’s their delicious hypocrisy.

Robert Rosenblum, an author of more than 30 novels, may not know who will buy the Greenwich Village town house where he has lived with his wife, Constance Simo, for the past 24 years. But like any writer, he has characters in mind.

He wants them to be a young “community-oriented” family, perhaps like the Obamas in their pre-White House years, or a family of artists who work from home and spend time with their children. He doesn’t want them to be investors who tear out the house’s insides and resell for a quick profit. He wants them to understand that this seven-bedroom town house will become a family member and “affect many lives” like the house in E. M. Forster’s “Howard’s End.” The buyers, he hopes, should also be “a kindred spirit” and let Mr. Rosenblum and his wife sometimes visit.

“My idea is to find someone who deserves the house and can feel what is here,” Mr. Rosenblum said. “We brought our kids up in this house, and we feel it’s a magical place.”

There is another request: The buyers need to come up with $8.35 million.

Mr. Rosenblum and his real estate agent acknowledge it may be challenging to find a “kindred spirit” at that price, in a neighborhood that has evolved from a center for artists and writers who cram their homes with books to a destination for financiers who gut, renovate and then sparsely decorate with fine art and attractive wives. Michael Graves of CORE Group Marketing, the couple’s patient agent, said they had turned down several prospects.

Mr. Rosenblum said none had made a serious offer at their asking price, and the couple was also turned off by how one buyer wanted to turn the back of the house into a glass wall, and how another complained he couldn’t quickly profit on the purchase.

Mr. Rosenblum’s ideal buyer will turn a profit, he said, but his definition of profit is certainly a liberal one: his buyer will raise a family there and will wait 15 years to sell.

he agent, said that even though his clients expected a lot from their buyers, they were serious sellers.

“They’re absolutely ready to sell,” he said. “It’s just that they believe in fate.”

 

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