45 Baldwin Farms South is back, still asking $5.495 million, still unsold. This may well become the oldest foreclosure in Greenwich if it keeps up. Its builder originally listed it for $9.750 in 2007 on the advice of the broker, or so he once told me ruefully. He switched brokers and prices and kept dropping that price as the creditors closed in. So far, no buyers, perhaps because – and I don’t know this, I’m just speculating, the banks are owed more than someone is willing to pay for the house.
Which is too bad, because it’s a beautiful house, in its own, unique fashion. It’s right on the pond that runs behind South Baldwin homes and was designed with big spaces and easy room flow. I’ve had several clients interested in it over the years but we could never make a deal that worked for the lenders, the seller and the buyer all at the same time. I hope someone will be able to pull off that feat this time, because the house is too nice to just sit empty.