66 Cat Rock, 3 Fairfield and 5 North Crossway all report contracts today. Cat Rock is a charming place but with just one acre in the two-acre zone it’s pretty restricted by FAR so its 2006 price of $2.195 million made no sense. Its latest price of $1.199 obviously worked for one buyer, probably because the assessment is $1.099.
3 Fairfield, that junker on 0.1 acre was asking $499,000 but even at that price I’m surprised someone bit. I’ll be curious to see what it actually sells for.
5 North Crossway, marked down to $1.995 from close to (above?) $3, was a pretty good deal. Very beach housey and it sure looks like its yard floods regularly but the house has been there since 1912 so I presume it’s not going anywhere. I’d love to own this house. Another one selling for its assessment which, you will remember, is supposed to represent just 70% of estimated market value.