12 Sherwood Avenue
12 Sherwood Avenue has sold for $1.250 million, down a hair from its March ’11 start at $2.990. Owner paid $1.650 for it in December 2002 and owed $1.450, so this was not a great deal, for them. In fact, given the losses sustained on the past three Sherwood sales this year, I’d be wary of buying anything on the street except at this kind of discount and even then I’d hesitate.
This house in particular was not destined for a happy ending, with a dated, “contemporary” design, immediate aural access to the Merritt Parkway and, at least when I showed it, a dispirited look, with pool equipment littering the place in November and an unkempt yard. Someone had obviously given up, which is sad, but also a lousy way to sell a house.
18 Grey Rock (2009 photo)
18 Grey Rock is new today, asking $785,000. The owners paid $820,000 for it in 2005, did a lot of renovating and tried for $1.025 in 2008, not a good year for asking that much for this location. But Grey Rock is a good street, fine neighborhood and this looks like a sensible price. I look forward to seeing the house itself.
21 Hope Farm Road, two-acre building lot (with tear-down house), $1.875 million, four days on market. In case you were wondering what a two-acre building lot off Lake was worth these days.
141 Cat Rock
On the other hand, 141 Cat Rock Road, which also went in mere days, asked $1.295 for two acres and a perfectly good house. Nice buy.
83 Sawmill Rd
And in the “maybe” department – I haven’t seen it yet – 83 Sawmill Road is up for sale, asking $3.450 million for one acre and a 1997 house renovated in 2000. It sold for full asking price, $2.895, in just nine days back in 2002 and I’m sure these owners hope to replicate that experience. this time from the other side. The listing makes no mention of improvements made since 2002, so perhaps they’re counting on a recovery in prices to have added $555,000 in value.
After failing to produce a budget the past four years, the Democrats have dug down deep, abandoned their principles and come up with an entirely new, ingenious way to rule their country: one trillion dollars in new taxes.
Back from open house, with nothing notable to report, but a few transactions have shown up on the MLS board.
(inspired by) 433 North Street
433 North Street, reported as under contract yesterday (one reader says it achieved that status long ago) sold today for $850,000. Seller paid $1.150 for it in 2007, which turns out to have been a mistake. Even $850,000 for swamp and ghosts seems high, to me, but there it is.
26 Daffodil Lane, over near Mimosa, asked $2.175 and now has an accepted offer. Not a bad house at all, but a sign of the rebound in Cos Cob prices, in my opinion.
63 Winthrop, new construction, $4.395, had an accepted offer last month, lost it, and reports another one today.
This link was supplied by a liberal reader whose identity would astound you, because the accompanying article looks at and discusses Hugo Chavez’s (non-achievements), albeit in a moderate tone of disapproval (you can’t expect too much drama from a liberal unless Bush or Cheney is involved). One thing the author might have discussed, but doesn’t, is the destruction of Venezuela’s oil industry by Chavez’s firing of competent engineers and replacement with political hacks and the expropriation of oil companies’ investments. The only source of this miserable country’s wealth is literally drying up, and the Chavez clone will finish the job.