58 Washington Avenue (that little street that runs from the Post Road south, between the YMCA and Whole Foods) has sold for $935,000. I’m a little surprised at this price because when I saw it, it was in pretty rough shape. The owners paid $1.0295 for it in 2007 (it last sold before that in 2003 for $735,000) after some renovations were claimed to have been made but whatever those improvements were, they’d faded by the time this came back on the market. A local bank – Patriot, of course – loaned $971,250 on the property to finance its purchase in 2007 so I suppose that explains the asking, if not the selling price.
In Old Greenwich, 6 Benjamin Street‘s price has been reduced (not “slashed”; “reduced”) to $2.050 million from $2.195. It too sold in 2007, for $2 million even. It’s a pleasant house, Benjamin’s not a bad street, but I don’t think we’re back to 2007 levels yet, even in Old Greenwich. This is just one listing down there that demonstrates that.