Daily Archives: June 19, 2013

Sale, accepted offer

One sale, Riverside, one accepted offer, Old Greenwich

73 Summit Rd

73 Summit Rd

73 Summit Road, Riverside, sold for $1.635 on an asking price of $1.695 million. The house is essentially, new because the original was taken down to the studs and redone and most of the space is new construction. I thought it was a good house but buyers, including my own, disagreed, and it spent 439 days on the market after starting at $1.950 in 2012. I did think that opening price was off, but by the time it hit $1.695, it was pretty much at market value (a rather obvious statement, of course, because it has sold).  The big objection, not surprisingly, is that this is on the railroad tracks, and buyers don’t like that. At this price, someone was able to get over that.

61 Shore Road

61 Shore Road

61 Shore Road, $1.750 million, has an accepted offer after 8 days. 1900 house, redone in 2008 or so. Nice back yard.

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No mention of victims of pressure cookers though

 

No background check?

No background check?

Mayors Against Guns group mourns Tamerlane Tsarnaev as a victim of gun violence, presumably because he was shot to death by the police. Oh, the humanity!

 

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Well dang

Vince Flynn is dead of cancer, age 47. His novels featuring Mitch Rapp and counter-terrorism and Washington’s schizophrenic treatment of the warriors protecting us (shifting from insisting on more to public condemnation, depending on what was happening month-to-month) were spot on during the years after 9/11 and obviously, just as apt today, and all are fun reads if you can put aside your feelings for our Congressional “leaders”.

Amazon bio here.

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The Rubes keep awakening

 

How much??!!!

How much??!!!

Democratic cities slash hours of their workers to avoid the unsustainable costs of ObamaKare.

Dearborn, Mich.: “If we had to provide health care and other benefits to all of our employees, the burden on the city would be tremendous,” said [Democrat]  Mayor John O’Reilly, explaining why the city is cutting its more than 700 part-time and seasonal workers down to 28 hours a week. “The city is like any private or public employer having to adjust to changes in the law.”

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So who buys into a moribund condo project?

56 Sound View

56 Sound View

Someone has; 56 Sound View Drive, which has been half-finished for almost a decade, has sold one of its units for $2.075 million. That may mark a huge discount from its original price in the, I think, high $3s, but even in Greenwich two million dollars is a lot of money to gamble on this project eventually being finished.

335 Valley Rd

335 Valley Rd

And just to further demonstrate my confusion about the real estate market, 335 Valley Road, which I loved, and predicted would sell in two weeks, had to lower its price today from $2.375 to $2.250. Clients of mine who are not in this price range but who went to see it during a public open house anyway (that should suggest to you owners the type of visitors you’ll find at your own open house) loved it as much a I did but, as I said, they aren’t in this range. Nor, apparently, are the other potential buyers who found it attractive.

Pseudo-French Provincial has never been awfully popular in Greenwich

Pseudo-French Provincial has never been awfully popular in Greenwich

And nobody likes 25 Broad Street, near Belle Haven, at least so far. It sold for $6.450 million in 2007, the buyers did some massive renovating and put it back up for sale in February,  2010 at $9.250. Today its price has been cut (again) to $6.995. Looks like it will eventually sell for a price that tosses in all those renovations for free.

 

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Bottom story of the day

Customers don’t like water company’s proposed rate hike.

It was ever thus.

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