Shorelands bobs back up

19 Grimes Rd

19 Grimes Rd

After being pretty well hammered by buyers’ reaction to hurricanes Irene and Sandy, the market for Shorelands properties seems to have recovered. The latest sale there is 19 Grimes Road, a pretty, smallish (2,500 sq.ft.) home, for $2.025 million, on a $2.5 million ask. The house last sold in 2000, for $1.495 million on an initial asking price back then of $1.850. Reaching too high is not a new phenomenon in Greenwich real estate.

AE flood zone, but if it closed, a bank must have been satisfied its security is in no danger of floating away. Shorelands has always flooded, by the way, and the people there learn to live with it – it’s a great neighborhood, and if you lose a furnace every decade or so, that’s the price you pay.

(Actually, if you look closely, you’ll see a new foundation – someone must have jacked this house up in the past)

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4 responses to “Shorelands bobs back up

  1. pulled up in OG

    Needs a porch.

  2. GPD Folk

    Was in there the other day, (Shorelands)…. nothing official….I just like the neighborhood…..