104 Old Stone Bridge
104 Old Stone Bridge sold for $1.750 million. This sale should come as a relief to its neighbors in this development, because two recent distress sales – estate in one, bank trouble in the other, had been in something like the $1.4 range. $1.750 isn’t as high as the low-$2 sales we saw at the peak, but it does mark a bit of firming in this area. A good house, in excellent condition but for all that, not so different from its peers that you couldn’t use it as a comparable.
4 Cedar Hill
4 Cedar Hill, that little spur off North Maple, sold for $2.390. That’s pretty good for a dated house. It sold for $1.845 million in 1999, so appreciation over 14 years hasn’t been great, but any gain’s better than a sharp stick in the eye.
Representative only: coal slag not included
We also have 313 Stanwich Road, lot “5”, back for another try, still priced at $1.695 million. That’s a more attractive price than the $3.6 asked in 2008 and most of the prices attempted in the succeeding years, but this 4-acre lot is: (a) behind the main house it was stripped from; (b) on a driveway shared by two other homes; and (c) not much of a lot to begin with. Four acres, yes, but much of that is swampland downhill from the building envelope, and not particularly attractive to anyone but mating tree frogs.
The seller paid $3.250 in 2007 for this lot and the 2.8 acres next door. The smaller lot is under contract, last asking price of $1.350. If you discount the value of an extra acre of wet muck, I’d think that sister’s price would be a fair starting point for this one.
313 Stanwich hasn’t had notable success in predicting prices, for some reason. The original house in front started at $6.495 in 2009 and finally sold just last month for $3.255.
