42 Riverside Lane, $1.950 million, 13 days on the market. It sold new for $1.710 in May, 2012.
The owners of 11 Chieftains weren’t as fortunate. They were asking $2.950 million and it took a year to find a buyer. Worse, they paid $4.650 for this in 2003. Checking the listing from back then, it appears that the property was never exposed to the market, and was instead sold via an agent-to-agent “pocket listing”. Wonder whose pocket got filled, and whose was picked?
16 Grant Avenue, in Old Greenwich, falls somewhere in between these two results. There’s a contract, after a year, and the owner’s been asking $3.050 for it, after paying $3.310 in 2005. Not a bad house at all, but certainly nothing to knock your socks off. But what do you expect for just three million bucks?