Open house results

41 Wesskum Wood

And we’re back. I really liked 41 Wesskum Wood Road in Riverside, asking $2.745 million. I was dubious about that price when it came on yesterday and perhaps I still am, a little, but once inside I discovered that its been totally renovated and expanded – it even has a complete set of new double-pane windows (!) my favorite feature in a house because they’re expensive, don’t do much to help resale value because buyers ignore them yet save fuel and make a house so much more comfortable. To me, new windows in a renovation are a sign that the homeowner was going for quality and not just flash that would add to the bottom line.

The yard’s been mostly sacrificed to accommodate the new addition out back but it’s serviceable and Riverside school’s playground is just up the street if the kiddies need exercise. Besides, these days they’ll either be inside playing on-line poker or off playing organized travel sports but certainly not playing ball with their friends in the back yard. Their loss.

49 Shore Rd

I also went to see 49 A Shore Road, which I thought was brave of me after sticking it to it just yesterday for seeking $3.795 a year after paying $2.650. Listing Agent Ann Simpson, a friend for almost thirty years, which explains my bravery, was there to give me a list of what they’d done in that year and some history: it was bought in a short sale last year but the builders had made a complete botch of things. The new owners had to completely dig up the yard to waterproof the basement, remove space on the third floor to comply with FAR and get a CO which the builders had neglected to do, move walls, redo bathrooms, and so on. It’s understandable that these builders lost all three of their Greenwich projects to foreclosure – like many out-of-town contractors, they hear “Greenwich” and think they can put up any old piece of crap, price it in the stratosphere and get rich. Well they can’t – only native Greenwich builders can get away with that.

So anyway, it’s now a nice house and probably not completely out of line with what houses are selling for in Old Greenwich these days.

7 Comments

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7 responses to “Open house results

  1. Andy18@aol.com

    “remove space to comply w/ FAR” wow, that builder had no clue what he was doing, did he? thats got to be painful to remove square footage in this town.

    thanks for the follow-up post, very useful.

  2. NRA

    Raises a frustrating question: Why remove space on the interior, ex post facto? The whole POINT of the FAR is to keep the exterior volume and shadow to within (expert! committee! approved!) limits; “community scale” and such planning rubbish. Zapping already built floor space accomplishes neither “protection” to the neighbors nor does it serve the homeowner. It’s a CFWOTAM.

    It’s also a lost opportunity: As only the interior is in question, P&Z could have charged a small fine and/or collected greater taxes in perpetuity (assuming FA rated taxation.)

    There is a totalitarian quality to the Floor Area Scale Compliance, yeh?

  3. anon

    That doesn’t really sound like a lot of work – maybe $100K tops. Certainly not worth paying over $1mm higher than the last sale.

  4. How far does $1million go?

    Anon2:14
    You obviously live in an apartment or have permanently shrugged off you responsibilities of homeownership rapair/upgrade.
    How much do you think you would pay a legal citizen – employee covered by FICA and Medicare – insured under workman compensation – covered by unemployment – has employer or self covered health insurance – brings his own lunch to work ——how much to dig around the whole house, waterproof, backfill and replant?

  5. Anonymous

    How far does $1million go?

    whatya want to water proof it fer? didnt ya pay 2.65 m for a house with a swimming pool in the basement?

  6. parkland is a ghost town

    Gollee! Lookee here. Dares a seement pond unner da house.

    Oops. No wonder it slipped by. Fort Lauderidians never seen a basement before.. The closest thing y’all got to a basement is the water shutoff sub enclosure at the front of the house.