502 Cognewaugh, $3.7 million. Yes, this started out a looong time ago at $5.250 million so $1.550 off original list seems like a lot, but sometimes buyers are a bit addled by high start prices and mistake a realistic price for a bargain.
Which I suppose argues for setting that first price in the stratosphere, as long as you’re willing to sit on the property for a couple of years. There’s a Greenwich broker who’s done this for decades, with huge success.
And here’s a surprise, to me: 60 Cat Rock Road, a 1980’s contemporary with no mention f any renovations or improvements since it was constructed sold for $1.850, very close to its asking price of $1.995 million. I remind myself as I drive through town and look at houses that hold no particular appeal to me that, if someone lives there, someone’s opinion was different enough from mine to convince him to buy it. And since there are no deserted homes in Greenwich (very few, anyway), it’s obvious that my taste, and that of everyone else, is entirely personal.