Daily Archives: January 6, 2015

Some sales reported

12 Watchtower Lane

12 Watchtower Lane

12 Watchtower Lane, Havemeyer, asked $1.149 million, went via bidding war for $1,280,119.

180 North

180 North

180 North Street, that bank-owned failed spec house in the swamp, sold for the amount of the mortgage debt, $3.105. The builder started this off back in 2007 at $5.495 million and as late as 2013 was still turning down offers (including one from one of my clients)  in the $3.2 range.  As I recall, we never got as far as making a formal offer, but were told that anything less than $3.5 would be refused, so we didn’t pursue it. Personally, I think my clients were lucky not to get it.

528 Riversville

528 Riversville

And 528 Riversville Road, four acres and a 1954 house described as “ready for renovation or replacement” asked $2.175 and got $2 million even. I think someone overpaid.

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Speaking of downsizing

25 W. Elm

25 W. Elm

25 West Elm Street, Unit 47, is back on the market after expiring a short time ago, still asking $799,000 for two bedrooms (and one garage space). Owners paid $800,000 for it in 2006, updated it and returned it to the market at $1.025 million in 2008, an inauspicious year for that sort of looked-for appreciation. It was marked down to $995,000 in 2011, and has been dropping; slowly, ever since. Listing states that there’s a “pre-approved short sale” in place, which I take to mean that the foreclosing bank and, one hopes, the federal government, which has liened the property, will provide clear title at this price.

24 West Elm was in pretty rough shape for years, but repairs were done and units assessed to pay for them – this one is charged $643 per month. That special assessment is over as of November, 2015, so I’d expect sales here should pick up again. Great location, just off Greenwich Avenue, so this might be a relative bargain.

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Market trend, or just this house?

One Doverton Drive

One Doverton Drive

One Doverton Drive, on the market since May, 2013, has cut its price to $2.850, down from its original price of $3.495. The house is laid out and decorated as a downsizer’s pad: 3,000 sq.ft., one bedroom, the master, on the ground floor, two up, and it’s 1976 construction, which is … well, 1976 construction; not so popular today. But the price isn’t unreasonable, and you’d think that not so long ago some back country couple would have chosen this as a bridge home, a place to split their time between Hobe Sound and Greenwich while waiting to enter Edge Hill.

Yet here it sits, unwanted and unloved. I’m guessing that lack of affection is because the market for downsized homes located a half-hour from town has withered away as the senior set discovers the joy of downtown condo-living. It’s possible, of course, that buyers just don’t like this particular home, but from what I could tell, it’s a perfectly nice home, for someone, if that someone is still out there.

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Conyers Farm “price cut”

2 Cowdray Park - fine if you like the sort of stuff

2 Cowdray Park – fine if you like this sort of stuff

On open house today, again, is 2 Cowdray Park Drive , formerly the home of the rather disagreeable Gary Kupersmith and now the property of People’s United Bank. Coppersmith paid $8.9 million for it in 1999, People’s tried to sell it for $7.2 and now offers it for $4.9. It’s 13 acres, plus a 9,000 sq.ft. house, so it must be worth something. Not to me, but to someone who wants to live behind the gates up there.

Is it worth $4.9? Not judging from the results of an auction held in August 13, 2013, when it failed to sell despite the auctioneer’s “suggested bid” of $4.6 million. I’d take a run at it at $3.5, and see what happened. Taxes will run you way over $100,000, though, including the Conyers Farm common charges, and restoring this place will empty your pockets.

 

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USDA recommended diet will now consider hypothetical effects of global warming in its guidelines

Destroyer of the world as we know it

Destroyer of the world as we know it

Less beef,more leafy greens. Not because beef might be bad for you, which it might be, but because raising cattle causes, the USDA claims, more environmental damage than growing spinach does. Those of us who have said all along that the global warming hoax is about increasing governmental power over the lives citizens will understand this development; more naive readers may find it perplexing: what does a food’s energy footprint have to do with nutritional guidelines and why are the warmists now dictating what we eat?

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Can Connecticut force a 17-year-old to undergo chemotherapy?

That’s the question presented to the state’s Supreme Court. “Cassandra C.” was diagnosed with lymphoma but refused chemotherapy despite there being an 80-85% chance of recovery if those drugs were used. Doctors reported her to the Department of Children and Families, which obtained a court order permitting it to remove the child from her home and forcibly administer the chemo – strapping her to a gurney and shooting her full of poison. The DCF is now keeping her locked up until the course of treatment is completed.

… Monday, the DCF issued a statement saying that it was obligated to act “when experts, such as the several physicians involved in this case, tell us with certainty that a child will die as a result of leaving a decision up to a parent…”

The child protection agency said that seeking and winning temporary custody of Cassandra was required “[e]ven if the decision might result in criticism; we have an obligation to protect the life of the child when there is consensus among the medical experts…”

Fortin has strongly denied influencing her daughter’s position and said that this was Cassandra’s choice to make.

 

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