62 Lockwood Lane (the section of the street that backs up to Eastern’s playing fields, not I-95), asked $1.650, sold for $1.4 million. This is a 1970 “Murphy House”, which for those of you familiar with Mr. Murphy’s quick, inexpensive construction techniques is all the description you need, but $1.4 to be in SoPo Riverside is about the price you should expect to pay for a house like this and what the heck, it rents out for $6,000 per month, year after year. I leave it to you financial wizards to calculate the return on capital here, but it strikes me as a reasonable place to stash one’s money in these days of zero interest.
23 Mianus Terrace, Cos Cob, sold for $940,000 after starting at $1.185 and again, I think, this is a reasonable price. The house is a little bit quirky inside with a couple of levels and such, but I liked it, especially at its selling price. Mianus Terrace is a nice street, too.