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.
21st Century Russian.
Nice pictures from 2009. Good year for cameras. Its only a 10MM listing, so shouldnt bother using a pro photographer and perhaps a website or planomatic.
It is unbelievable that the broker uses the ’09 dated pics!
Inexperienced builder and uncaring broker.
Looks like a hotel, not a house.
i see dead people in there.
The listing also misspelled the grandeur that’s going to take my breath away. Classy.
Funny. I’m hoping to own the “prettiest chimneys in Fairfield”. Isn’t that why we buy houses?
I said the same thing to the builder down the street on Byfield- I think he started the price in the high 7’s and now it is still available, a short sale, and in the high 3’s. They just didn’t get it. Byfield is a nice enough street but would support houses in the 2-4 million range.
That would be Mr. Tsoi. Every spec house be built – at least 4 – fell to foreclosure. A classic example of an out-of-towner buying cheap, marginal land on the assumption that, because this is Greenwich, he could find buyers for hugely expensive homes built on inferior lots.
Bad move.