Eight sales reported Friday and today
39 Clapboard Ridge
39 Clapboard sold for $4.750 in 2000. The owners did nothing to it in the ensuing decade but priced it at $6.750 in January, 2010 and sold it last week for $4.3.
59 Connecticut Avenue
- 59 Ct. Ave
$4.3 in January 2007 but never sold until last week, when it went for $2.960.
24 Lockwood Ave
24 Lockwood Avenue (Old Greenwich) sold via bidding war in 2004 for $2.251 and just sold again for $2.3. What do I warn you about engaging in bidding wars? At least these folks will come close to breaking even.
For What It's Worth 
Correction: the owners of 39 Clapboard Ridge did an absolutely beautiful, top-to-bottom renovation, which makes it all the more amazing that they ended up LOSING $450,000. Equally amazing (not to say mysterious) is why the listing broker never got around to indicating the year of renovation on the listing.
The latter point is rather significant. I, and I’ll bet most potential buyers, assume that when the renovation date is blank, no renovations took place. Dumb way to sell a house.
39 Clapboard $730/sqft on 5,888sf (from Realtor.com)
59 Connecticut $616/sqft on 3,268sf (from Zillow)
24 Lockwood $745/sqft on 3,068sf (from Zillow)
the Lockwood Avenue family moved to that gorgeous house with the huge front lawn on Shore Road, corner of SoundBeach (131 shore?) They had numerous good offers, but chose to sell to a really lovely young family moving from CosCob. All parties are happy on this one
It’s pretty shocking to me that the broker for 39 Clapboard neglected to add all the major renovations to the listing. That’s one of the first things I check when looking at house listings – the date of last renovation – to see if I’m in for a project.
Do agents have full autonomy to write what they want and/or eliminate what they don’t want to be bothered to compose….all without consequences or sanctions from GAR?
The client should carefully review the listing amd demnd such changes as she thinks necessary. Don’t forget, the agent is required by law to follow the dictates of her principal.