It’s not the agent, you moron

HO scale

The builder of some construction at 42 Bote Road (off Stanwich, barely across the Cos Cob border) couldn’t sell his house for $3.950 despite his refusing to budge on its asking price. So he’s fired his old agent and hired a new one but kept the price unchanged. This despite the fact that no new construction on Bote or its adjoining street, Towney, has ever sold for anything close to what this one wants. Bote’s highest: $2.8 millionm, in 2006,Tomney, $3.1 million, also in 2006. Hope may spring eternal, but not in this market.

14 Comments

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14 responses to “It’s not the agent, you moron

  1. All he has to do is find a greater fool.

    One thing I think a lot of sellers miss is the fact that buyers have a better feel for the market than they do, simply because they’ve been out looking at comparable properties,

  2. Cos Cobber

    I wonder who financed this puppy…..best case, it fetches 2.5 to 2.8.

  3. Anonymous

    8224 sq ft on less that one-half acre. Pretty impressive. FAR I guess doesn’t apply in this part of town.

  4. Duff

    Hey there, you’re dishing on the “Baron of Ballsbridge” aka “rogue of Belle Haven”

    To your question Cos Cobber – The Irish tax payer.

  5. Addicted.

    Do you mean the guy who re over- did the house on bush av?

  6. Anonymous

    The neighborhood is very nice. The house, I wouldn’t choose the style of it, but its ok and quite big. It has a nice outdoor porch. I’d say 2.8 as well.

  7. Anonymous

    If you have NOT been through this house, then you really don’t know what you’re talking about. The interior layout and finishes are well thought out. This is a premium house. And the neighborhood is an eclectic blend of old and new, large and not so large. It is very convenient to the important parts of Greenwich – downtown, highway, train, school, beach. And it IS Greenwich, so as to price, I’d say somewhere between $2.8 and $3.8 is a deal for a smart homeowner.

  8. Real Estate Junkie

    The house on Bush Avenue is a travesty. Dunn completely ruined the beautiful old house that was there. He picked up the lot for $2M. It will be interesting to see what someone will pay for the ugly house he put there. Again, travesty.

  9. Cos Cobber

    The facts are, at any price over the mid $2s and this place becomes the most expensive house on the street, a position I wouldn’t want to be in as a homebuyer.

    The interiors look good, the back yard and porch too….Not a fan of the garage roof lines, the circle windows up front or the lack of varying shapes/depth in the front exterior. At a price over mid $2s, I’d want architectural perfection and I think this comes up a little short.

    I’m not looking to be harsh, but when someone is pricing an asset over $2MM, I think anonymous public opinion is fairgame. This house is attempting to play with the big boys, the builder should be able to handle the criticism.

    Lastly, as CF noted; $2.8MM to $3.8MM is quite a pricing range… but what’s a million bucks between friends.

    I still say it goes sub $2.8MM

  10. Duff

    “Lastly, as CF noted; $2.8MM to $3.8MM is quite a pricing range… but what’s a million bucks between friends” .

    Could buy you a 100 of these;
    http://www.independent.ie/business/personal-finance/property-mortgages/irelands-cheapest-house-cottage-with-7500-reserve-3011383.html

  11. Anonymous : “If you have NOT been through this house, then you really don’t know what you’re talking about. The interior layout and finishes are well thought out. This is a premium house.”

    And yet none of the buyers who have been through this house have been willing to pay a premium for it.