24 Daffodil Lane closed, for $2.325 million. Unfortunately, the GAR’s new policy of stripping the internet of content means I can no longer link to it, but here’s what I had to say about it when it first came on. 24 Daffodil Lane, Cos Cob (off Mimosa), $2.450 million. An exterior that is not often seen in this neighborhood, but once inside, this offers a lot of very usable space, in great condition, for not a whole lot of money. It’s on two acres, mostly woods, with a pool. It failed to sell in 2011-2012 when it was priced at $2.6, but the market’s gone up since then, and this one’s price has come down. All in all, for this price range, very attractive.
Failed contract – 190 Lake Avenue, $1.895 million, had a contract in June, now it doesn’t. So many things can go wrong in a real estate transaction that it would be useless to speculate on what happened here, but it’s available again.
Price Cut – Ordinarily, I’d suggest sellers wait until everyone’s back from summer vacations to cut a price, lest their effort go unnoticed, but in the case of 19 Hidden Brook Road, Riverside, no cut could come too soon. Today it was nibbled down from $7.5million to $6.850, and I suspect we’ll see more of that before we see a sale.
The land this home was built on was purchased for $1.8 million in a bidding war that started at $1.495, and the owners then contracted with Doran Sabag and Jim Hoffman to build that partnerships’ usual, beautifully crafted home. So far, so good, but it remains a 5,236 sq.ft. home crammed into 0.4 of an acre and surrounded by its neighbors. Even transplanted New Yorkers may want more space than that.
Or not – New Yorkers do do crazy things, so we’ll see. The listing, by the way, mentions that the house received a “HOBI” award in 2013, which is a sign of approval, but it’s an award given to builders by their fellow builders, so it’s not quite the independent judgment one might expect. Sort of like real estate firms awarding their own agents “Miss Personality of the Month” or the Greenwich Association of Realtors naming a member “Most Ethical Realtor of the Year”. Oh well, you do get a nice ribbon.