Daily Archives: May 24, 2011

New Canaan estate might finally sell

 Huguette Clark dead at 104. Fifty years ago she bought this 1938 mansion on 52 acres  for a gazillion bucks but never spent a night there even though she’s maintained it all these years. It’s been for sale for the past ten years but no takers. Perhaps with her death her heirs will be more flexible.

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When naive reporters are unleashed in Greenwich

They post glowing posts like this about the Stanley Cheslock residence.

UPDATE: Reader Inagua sends along this article detailing allegations of a $23 million fraud committed by Stanley Cheslock’s “investment” company.   The alleged fraud involved a loan personally guaranteed by Cheslock, so things must be getting warm up there on the hill. Stanley doesn’t live on Round Hill Road, strangely enough, but Taconic is close enough for this sort of thing.

UPDATE II: wouldn’t this place make the perfect love nest for DSK while he awaits trial? The Cheslocks wouldn’t even have to move out, they could rent an entire floor or two to the sex-crazed Frenchman (redundant, I know) and never know he’s there.

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Say, here’s news!

Bloomberg: High priced homes languish in Greenwich. My friend Stanley Cheslock is interviewed but Steven Braverman, alas, is not. Perhaps his phone service has been cut off?

Hat tip, reader 2112

UPDATE: The one thing the reporter got wrong, and it’s not her fault because she had no access to the data misrepresented to her by the agents she interviewed, is the average days on market the $10 million plus homes endure. The agents told her 202, but that’s because they didn’t include the earlier listings that failed to sell and just reset the clock when a new broker came on board. If you do the research, of the 30 houses priced at $10 million + that sold between January 1, 2009 and today, the average DOM is 422.2 days, not 202.

And if you want to be cruel and look at the 53 houses in that same category that have not sold, the DOM figure is 640 and counting.

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Not much to see on the tour

I’ll be busy showing houses to clients this morning but it doesn’t seem as though I’ll be missing much. There’s new construction at 84 Butternut Hollow, land that started at $2.595 back in 2008 and finally sold for $1.6 in 2010. The builder is BSF and they make a nice house but, since they build the identical house every time, I don’t need to visit this one. Asking $7.950 million, which is also reason to skip today’s open house – there will be plenty of time.

18 Parsonage Road, built last year and already up for resale, is asking $13. 750 million for its 12,000 sq. feet, a good portion of which is presumably below ground. No pool, but what do you expect at a bargain price like this? I’ll skip this one, too.

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Reported without comment from today’s open house list

“Dramatic ranch in the heart of the beautiful Baliwick section of Greenwich”

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Too many hits on the old bong

Peter Fonda claims he’s training his grandchildren to use long-range rifles so that they can shoot Obama. Mr. Fonda, who almost certainly travelled to Cannes in a private jet, says that there’s a war coming between “the haves and the have – nots”. I assume that he thinks Obama represents the have-nots and that the Fondas will be defending their Malibu mansion against the horde, but who knows?

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Same lawyer, same technique, but it doesn’t say much for the lawyer’s skills

DSK’s lawyer, who previously represented Michael Jackson in his own sex attack, has sent emissaries to Africa to bribe the complainant’s family. It worked in Jackson’s case and it might work again.

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