107 Stanwich Road, from $1.050 to $950,000. This is one of the houses, I believe, served by that shared, steep driveway on the corner just before Orchard, and that may be hurting it. Sold for full asking price of $950,000 back in 2006 after just a couple of weeks on the market. That’s not happening now.
51 Glenwood Drive, in Belle Haven, is having an even worse time of things, cutting its price yet again today to $6.995 million. This was set out on the waters 1,261 days ago, asking $9.750 million (who comes up with these prices?). Last February, after its price had dropped to $7.995 it reported an accepted offer, but it came back on in April (bad inspection? I don’t know), still priced at $7.995. Today’s million dollar cut can’t hurt its prospects, I suppose.
180 North Street, down a steep driveway and perched on a swamp has also had difficulty finding a buyer. It was a new spec house back in 2007, when its builder tried unsuccessfully to sell it for $5.495 million. That didn’t work and it’s been on and off the market ever since. Today it was dropped to $3.695 – maybe. It’s not a bad house, if you like this sort of thing, but it’s literally surrounded by swamp land, and even a close proximity to town can’t overcome that handicap when the price is too high. I happen to know what they turned down from my clients a year ago and though that offer was less than even its post-price-drop number today, I’m relieved: my people would have probably turned out to have overpaid.
And 40 Lockwood Lane, I-95 Riverside, has dropped to $1.050. The listing says the place was custom built in 1950 and I’m sure it was, but apparently nothing’s been done to the house since then and in 1954 the highway went through. That’s not good.