40 Indian Field Road closed at $730,000. This home was discussed here last month when its contract was reported and the general consensus among readers was, “are they outta their minds?” but I stand by my initial opinion: not a bad deal. Yes, it’s on a very busy street – Indian Field is the cut-through to Exit Four, and it’s not a very large home, but it backs up to the Milbrook golf course and so has a far nicer view than most houses in this price range, it’s got a new kitchen and baths and, considering what’s available, I think the buyer did okay.
The sellers paid $765,000 in 2008, made the improvements mentioned and put it back on the market in 2010 for $975,000, which proved too aggressive. But $730,000? I think that’s a good price for entry into Greenwich.
And 29 Long Meadow Road, Riverside north of the Post Road, reports an accepted offer! I posted on this just Monday, when the price was reduced again, this time to $837,000 and, this time, that proved the charm (the price reduction, obviously, not my touting it). I said before that I thought there was value here when it was still priced in the high 8s and thus $837 was just more of a bargain. I’m glad they found a buyer – this is a nice house.