20 Carpenters Brook, a teardown on 2 acres in Greenwich’s armpit territory (that would be under the flight path of Westchester Airport, off Bedford), is back on the market again after recently being reported as having an accepted offer. It was listed at $1.350 million, now it’s asking $1.5 million which means that whoever owns the loan rejected the first offer.
In 2007 Washington Mutual, now deceased, loaned $3.080 million on this piece of land and not to be outdone, Aegis tossed in an additional $250,000. Loans weren’t paid, borrowers moved out and the house and the loans have been deteriorating ever since.
But while someone took a bath on this one, it wasn’t the current holder of the debt. WaMu went down and its “assets” were dumped for pennies on the dollar. Aegis? Who knows what happened to them but as second in line, they aren’t getting anything anyway. I’d have thought that whatever the first offer was last month, it should have been accepted. Instead, the house will sit again and, eventually, sell for even less. Dumb move.