One River Lane
1 River Lane in Cos Cob just came on today at $788,000 and it looks pretty good (open house next week). River Lane, off River Road and somewhat impacted by I-95 may not be “the Vineyard in Cos Cob” as listing agent Ken York describes it but it is a dead end and not a bad street at all. Tiny lot – 0.14 acre, extensively renovated in 2008 or I presume so, anyway, because they’re asking $300,000 + over what they bought it for in 2002. Assuming there’s a justification for the new price, then $788,000 should get you into a nice house at what passes for a reasonable price in this town.
Yesterday I wrote about the price reduction to $1.495 for 30 Jeffrey Road. A reader called and asked to see it (and that’s how this blog is supposed to work: I supply useful information, you call me, not your sister’s girlfriend’s cousin the real estate agent, and off we go, you to look at a house, me to make a living). The only objection that reader had was to the steep hill leading from Stanwich Road to the houses on Jeffrey but she, and I, loved the house itself. I think the hill concern isn’t much to worry about – Jeffrey is a public road so snowplowing shouldn’t be an issue, and the house itself is in fantastic condition. there’s a new roof which was laid down only after the previous roof was stripped (always a good practice, but more expensive), a generator, a waterproofed crawl space (4′ high, approx), new tankless water heater, updated baths, kitchen, windows, and so forth – you get the picture. The house itself is well laid out, bright and airy and in impeccable shape. The yard’s good, new landscaping, privacy from neighbors and fronts on a small pond. The current asking price is less than the owner paid for it in 2004 and that was without all her improvements. I think it’s the best house I’ve seen in the $1.5 range for a long time. Well worth seeing.
For What It's Worth 