Back from showing houses and so I’ve checked the accepted offers reported. One all day, that house on cat Rock mentioned earlier – under $2 million. For the week, there were 16 AO’s for single family homes, one asking $3.7 million, the next highest at $2.195 and the remaining 14 below that. No big fish.
New listings? Only one of much interest, 122 Old Church Road, asking $10.750 million. That makes it the 49th house to join the inventory of $10 million + houses for sale and, given we’ve sold just two of those in the past six months, this could be a long wait.
But, but! If one of those 49 should sell, I hope it’s this one. A 1912 house just a block or two in from the Post Road on three (3!) acres. You won’t find this much great, flat land this close to town anywhere else. And, while I haven’t seen the renovations yet (open house next week)I’m already cheering the owners on. This was a stunning house but one badly in need of modernization. I feared for its life but these guys bought it ($5.2 million in 2010) and have obviously poured money into it. It’s a magnificent effort to save one of the town’s nicest houses and I applaud the effort. I really hope they sell this quickly for a tidy profit because it would encourage more such salvage/restoration projects.
From the reduced price package one, 221 Taconic Road stands out. This is a great antique (1836) house extensively renovated but still gorgeous. 4.88 flat acres and really just a hop down the road to downtown, the owners paid $4.150 million for it in 2002, put in all those renovations and in 2008 tried getting $8.2 million. That didn’t work so well and today they’re back at the original 2002 price ($4.250 actually, but if you can’t negotiate, you don’t deserve this nice a house). So that’s 2002 pricing and all that renovation work tossed in for free. Good deal.
And, finally, from the “Old houses don’t sell, even in Riverside” department, here’s one that did sell and whose selling price was reported today: 245 Riverside Avenue. Good house and not bad at $1.55 million but probably a disappointing price for the sellers, who paid $1.775 for it four years ago in 2008. So it goes.