Accepted offer reported on one of the two rear lots at 313 Stanwich Road. The wannabe developers paid $3.250 for the two lots in 2007 and tried selling them each for $3.600 in 2008, when the partners had a falling out (or that’s what I heard – maybe they just amicably parted ways over tea). Last asking price was $1.350 which, doing my gazintas, yields a loss: $3.250 / 2 = $1.625, less cost of (minimal) site work. And they’re still holding that second lot.
I never saw the attraction of the land because, despite its size, it was mostly some piled up dirt sufficient to support a house, then a retaining wall and a 20′ drop to the swamp in back. But land is scarce and this obviously worked for someone – possibly the buyer of the house in front, also under contract, from which these lots were split off?
There must be something in the water up there, by the way; that (asking) $3.4 million parent property started 1,391 days ago at $6.495 million, after the land split.