8 Dempsey Lane, $8.495 million, has an accepted offer after just 12 days. Sold new in 2005 for $6.930, this owner added a pool. A reminder, if one was needed, that Jordan Saper knows how to build a house that appeals to today’s multi-millionaire. And that, in turn explains why I can’t stand them – I don’t have the money.
6 Raymond Street
6 Raymond Street, Old Greenwich, also has an accepted offer. Asking $3.295, it just sold in December for $3.225.
Peter Tesei presents certificate of accomplishment to Greenwich’s first decloseted pro golfer
202 W. Lyon
202 W. Lyon Farm, listed at $1.295, sells in fifteen days for $1.306 million. Impressive, but the history is instructive. This was originally listed with another broker in 2008 at $1.875 and went unsold for two years as it gradually fell to $1.650. The unit was pulled and was returned to the market this spring, spruced up and priced at what was obviously a slightly-below-market price. Over and done. This isn’t rocket science.
Whaddya think, Roman look? Old Williamsburg?
Zillow reports that the spec house at 12 Byfield Lane, asking $9,999,999, is once again embroiled in a foreclosure action. I once met the builder of this house and he was quite angry with my previous comments about his project. I believe all I’d said was that it seemed unlikely that Byfield Lane would support its then-asking price of $12 million, but who wants to hear bad news?
The builder survived a previous attempt at foreclosure by prevailing on a counter-claim against his lender, so there’s no doubt there’s been a lot of angst here (increased by the loss via foreclosure of another project at 8 Alpine Road). But the fact remains, $10 million or $12, price tags in this range aren’t moving. Especially on Byfield Lane.
One sale, two A/O’s reported this morning.
20 Winthrop Drive
20 Winthrop Drive, building lot, sold in a bidding war for $1.560 million on a $1.450 ask. Couple of points: this same house sold to an end user in 2002 for $1.525 million in 2002; this time, it sat unwanted from October to March, when the bidding war broke out. I’d attribute that to the explosion of sales on Hearthstone around that time. But if you care to track when the Riverside market roared back to life, this was it.
44 Dandy Drive
44 Dandy Drive, one acre in Cos Cob and also a building lot (of one so-so acre), has an accepted offer after 7 days. Asked $799,000.
8 Roosevelt Avenue, Old Greenwich asked $1.295 million, went in 8 day. Roosevelt Avenue! This used to be the neighborhood for Electrolux assembly line workers.
GPD Folks mentioned last week that the original limestone facade of the Central Greenwich fire house is, at the insistence of our local preservationists, going to be reused on the new building despite the fact that identical stone would be far less expensive. Which prompts a hypo:
Suppose a sheriff appears at your door one fine spring morning and tells you that, for sentimental reasons, your neighbor wants to reuse the facade of the mansion he is tearing down, and wants you to reimburse him for the additional cost of this indulgence. If you refuse, the sheriff informs you, he will seize your house, sell it at auction and take the money that way. Do you have any right to object?
Not in Greenwich.
Your witness fee, sir
EPA evaluation of potential pollution of salmon river based on data supplied by admitted liar and data faker.
The Environmental Protection Agency’s revised draft assessment of an Alaska mine project cites research from environmental consultants who admitted falsifying a report in an environmental lawsuit.
The EPA’s new review of the potential Pebble Mine in Bristol Bay, Alaska, relied on research from Stratus Consulting and Ann Maest, the company’s managing scientist. Stratus recently admitted to providing false statements in a decades-long $19 billion lawsuit against the oil company Chevron.
This wasn’t just a mere goof-up, mind you: Chevron has been ordered to pay $19 billion by a corrupt court that supported its ruling by citing the faked data supplied by Stratus Consulting to the plaintiffs’ lawyers.
Environmental consultants doctoring data to suit the needs of their employer? What’s next, former politicians cashing in on the global warming hoax they created while in office?