Daily Archives: May 19, 2011

DSK granted bail

$1 million cash, $5 million insurance bond, ankle bracelet, 24 hr per day home confinement in NYC. I’ve (unfairly) already made up my mind about this creep, but the purpose of bail is to ensure a defendant will stick around for trial, not punish him before he’s actually convicted of a crime, so this seems right. I don’t think he’ll be going anywhere. But wouldn’t it be fun if he did manage to flee to France? I’d love to see the French hypocrisy exposed as his defenders fought to keep him there.

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How much is new construction in Old Greenwich worth?

We’ll find out, because a new house is planned for 14 Tait Road and its builder is asking $2.995 for 2,600 3,500 sq ft [MLS typo on original listing, says agent]

The builder paid $950 for this quarter-acre and if it costs him $300 a foot to build (that seems high) he’ll come out very nicely. If he gets his price, which I’m guessing he will, within reason. It seems awfully steep to me but then, I’m not necessarily desperate to live in Old Greenwich.

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If all else fails, lower the price

28 Windrose, in Mead Point, was a tired old place built by the Caldor founders in, if not their dotage then at an advanced age. Master bedroom on the ground floor, indoor swimming pool, etc., everything an octogenarian might wish for but not necessarily a young family (and by the way, that’s a fairly deceptive picture if it gives you the impression that this is either waterfront or affords a view of Long Island Sound – you look over the association dock, from across the street, and into the cove).  It was first priced at $17 million in 2009 and slowly dropped down to the very high 8′s as brokers came and went.

The last weekend of April of this year the heirs [Oops! It seems that word of his demise was greatly exaggerated - Mr. Bennet is still alive]  got tired of the whole thing and ordered (or authorized, I wasn’t privy to any of this)  the latest broker to chop off a whopping $2 million from the price, cutting it down to $6.950. That worked:  they had an accepted offer by the end of that weekend and, while there were some issues with the building report that needed to be worked out, it’s reported as a fully executed contract today. Final sales price? I don’t know, obviously, so feel free to take a guess. I’d say $6.225, but what do I know?

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Back again

167 Rvsd Ave

A nice old (1900) house in Riverside on a half-acre, this was even prettier back when it had something like three acres surrounding it. The owners tried for $3.995 in ’05 and then in early 2010 brought it back on the market at $3.399. That still didn’t do it so they fired their first broker and hired another, who has priced it today at $2.595. That might work, because it is a great house, but the demand these days seems to be running strongly to new construction. Of course, you won’t find new construction in this location at this price, so suck it up.

Just as aside, did every brokerage firm in town buy the same Photoshop accessory to add fluffy little clouds to their pictures? Someone could really set themselves apart if they filled the background with flying squirrels or burning airplanes. Just a suggestion.

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Slow children

All those cute signs warning drivers about the presence of children in a neighborhood don’t do any good. Drivers so clueless as to fail to notice the residential character of the area they’re driving though and proceed cautiously are unlikely to even see the signs, let alone heed them. Like so many of these types of feel good activities, signs create a false sense of security and accomplishment while actually achieving nothing.

One sign that might have been effective was the large one my father would place on the street when we kids were sledding down our neighbor’s hill and across Gilliam Lane. He erected it only when we were actually sledding and removed it afterwards, so drivers didn’t have time to get used to it and ignore it. Unfortunately, father was born in 1905 and painted the sign to read, “Children Coasting”. Other than his own children, I doubt anyone knew what it meant.

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Is the party over already?

The broker open house tours are getting steadily skimpier, with fewer properties of note each week. Today I’ve got one “must see” on my list, two “as long as I’m in my car I might as well go” items and the rest – blah. At that, the list itself is just a page and a half long. Eliminate the retreads and you have maybe a quarter page. In better times, the weekend before Memorial Day would still be busy but not this year. See you in September?

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I’m waiting ’til Sunday to buy my Greenwich town party ticket

The world’s likely to end Saturday so, despite warnings that tickets are running low to see Robert Randolph and the Family Band on May 28th, I’m holding off. Don’t want to waste money I might need in the next life.

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Hope springs eternal

14 Sandy Lane

Price drop at Sandy Lane (off Porchuck, near Round Hill Rd, Merritt noise), to $1.99 million today. That’s down significantly from the $2.975 it asked in 2006 and the $2.699 it’s been seeking since last year. But, despite its 4 acres, pool and tennis court, recent history is discouraging. Number 18 Sandy Lane also had four acres and was a little closer to the Merritt, a distinction without a difference. It had a tennis court but no pool – pretty similar to 14. The owners of 18 started at $2.995 in May, 2007 and finally sold it for $1.350 in April, 2009. We like to use recent comps when guessing a home’s worth and a two-year-old sale is hardly recent but then again, I haven’t noticed any significant market movements since then.

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Too stupid to be a cop – he’ll probably run for the Senate

Wanna-be policeman arrested for child porn after he admits on his application to being a consumer of such fare.

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