Sales, accepted offers, price cuts and even a new listing.
45 Cedar Cliff Rd
45 Cedar Cliff, Riverside, $2.850 million. Owners paid $2.8 for it in 2006 and tried to get $3.175 in 2011, 2012. I viewed it with clients shopping in that price range back then and it was obvious that the house just didn’t compare to other Riverside homes priced at the same level. So those homes sold, this did not, and the owners pulled it from the market and refurbished, if not renovated it. That did the trick and they came back to 2006 pricing.
30 Nicholas Ave
30 Nicholas, over in Glenville, sold for $540,000, if you’re keeping track of where people like Fudrucker will live once they give all their money away to the undeserving poor.
39 Edgewater Drive, Old Greenwich, sold in a bidding war, $780,000 asked, $876,000 got. This house was abandoned long ago and its owner was somewhere down in Florida enjoying early bird specials and pinching nurses’ fannies, so he was difficult to reach to extend an offer. But that was in 2007 and I presume he’s shuffled off this mortal coil and his heirs were ready to deal. What a deal they got: 0.15 acres in the R-12 zone so maximum space, including a garage, if you want one, is 2,000 sq. ft. You’ve got $900,000 into the land, $500,000 ($250 sq. ft. – cheap) into a house, and that’s a lot of money to have sunk into a new cottage.
But it’s Old Greenwich, so ….
36 Park Avenue
36 Park Avenue (the Greenwich Park Avenue, one of the prettiest streets in town), has an accepted offer, asking $7.495 million. A grand old house – 1917 – on two acres in the R-20 zone, redone in 2011, tennis court, swimming pool; your own in-town country club, where you too can snub the unwashed as you see fit. This, by the way, is where Fudrucker will live once he takes back his own money that he so improvidently gave to the poor and substitutes yours instead, with a suitable portion of the vig going into his liberal pockets.
261 Round Hill Rd
261 Round Hill Road, on the other hand, has taken another price cut, to $7.299, and is still looking for a buyer after starting out at $8.998 million 490 days ago. This is not one of those way-out locations; it’s (a little) south of the Merritt, but if I were going to fork over $7.5 million I’d prefer to live in a fine old house on park Avenue than this perfectly good one five miles from town. The buyer of 36 Park must have felt the same way.
26 Mianus View Terrace
26 Mianus View terrace is a new listing, priced at $1.549 million. The builder/owner paid $650,000 for it last year and has done a complete renovation from the studs in. From its pictures, it looks very nice, and Mianus View is a decent street, so you might want to look at it, especially if 261 Round Hill is a wee bit too far from town for your liking.