The mystery house, at least to me, is 37 Fairway Lane, a 1958 bungalow seemingly untouched since it was built. Fairway is nifty little street with some beautiful houses on it; this is not one of them. It sits on an acre, all of it ledge, has no usable yard space at all and the house, while livable, would not be acceptable to most of us. It was priced at $1.195 and as I left it on its open house day I thought that I had finally seen a Greenwich property that had no value, either as land or as shelter.
I was completely wrong: it sold, and within three months, for $1.065. Go figure.
395 Stanwich Road is the house that, I think, is looking like more and more of a bargain, especially with today’s price cut to $3.950 million. That’s not chump change, but the owners paid $3.7 million for it in 2000 and it still remains at least what it was then: a beautiful 1944 home, on 2.3 acres of great yard, with pond. If, with some negotiation, you can buy a good property in 2013 for a 2000 price, you’d be doing well.