Finally

105 Dingletown Rd

105 Dingletown Rd

105 Dingletown Road, which started off at $8 million in 2010 and gradually dropped to $2.999, has a contingent contract. Two acres with a 9,000 sq.ft. white elephant of a house that will probably be scraped off. Final sales price? I’m guessing $2.650.

15 Comments

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15 responses to “Finally

  1. Anonymous

    What? The price disconnect between these back country estates vs what folks are paying per s.f. in OG & Riv is truly astonishing.

    • Anonymous

      Supply and Demand.

      • Anonymous

        I think people are more confused by the “demand” part of that equation than the relationship between supply and demand driving prices. I.e. why there is such a demand to live in raised ranches and split-levels in flood zones on the Stamford border with omnipresent I-95 and train noise with no privacy in cramped quarters. Oh, right–“walkability.” So that if you wanted to walk somewhere–which you don’t, because then no one will know you lease a Range Rover Sport–you could. Walk to where? Um…the train? It’s only like 1.5 miles away. Um…the beach? On those five great beach days per year. Um…to my neighbors? None of whom I know because they’re all at work in the city all the time. Um…

        • Anonymous

          Easy there underwater mid country cos cobber.

          I said nothing about the flood zones.
          It’s all about the schools.
          & Wives that are moms call the shots.
          Kids grow really fast, and even prek looks cheap out here compared to NYC.
          Then there are the elementary…
          RIVERSIDE, NMS, DUNDEE, AND OG
          They are the ones that feed into eastern middle school.
          It’s the top middle school in CT, and that has serious pull.
          NYC private schools will run you north of 500k/kid if you stay on the roller coaster.
          And oh yeah, low taxes relative to purchase price.

          So free top schools, low taxes, short commute, and the address.
          Supply and DEMAND.

      • Anonymous

        The issue about RELATIVE demand within Greenwich–one place vs another. I.e., this place in backcountry vs. some prefab in Riverside.

  2. Anonymous

    Rebuilding a suitable house would still be more expensive than renovating this place. Assuming this meets the “$1mm in renovations!” standard line ’round here, that buys you 4,000sf in high quality new construction. Not big enough.

  3. Anonymous

    I live in Riverside and I walk to the tennis courts, walk to the playground, walk to Riverside school to coach soccer games, bike to t-ball games in OG, walk to dinner in OG or j-house, with my wife, wife walks my kids to school everyday. I work on NYC and in good weather/summer-fall walk/bike almost every evening somewhere and most weekends.

    I’m not sure your assessment that people who choose walk ability are not using it. I find it awesome that I can do all that but others might disagree.

  4. Accolay

    I think these homes are going to be white elephants for the next 20-30 or so years, and then the trend will, once again, reverse. A lot of the early 20th century homes (think Belle Haven) were like this in the 70s, and then became in style again in the 90s. Until then, I’d think towns that offer <30 min train like Bronxville will continue to outperform further suburbs like Greenwich, which will do even better than the Dariens and Westports. Especially when you consider better schools and better downtowns in the lower Westchester villages.

    • Joey

      There is a completely different feel between the CT and NY towns that you are mentioning. I am not sure that these towns are even direct competitors. My family and I came to Greenwich because it was more relaxed than NYC and the surrounding suburbs. Just look at the stress on those faces as the train moves through Rye and Larchmont. It is like a NYC guy with a house. Taxes are the same too.

      • Accolay

        Larchmont men and women look just like Greenwich folks. Same Charvet ties, Burberry coats, (real or fake) blonde hair on women. One would think Greenwich commuters are more stressed with the 50+ minute train rides from OG/Riverside. Chris, do most Greenwich buyers from NY also look in these lower Westchester villages?

  5. Cos Cobber

    I actually like this one. The lack of interest here I think has less to do with east side of gwich vs back country and more to do with back country vs Florida and Manhattan. This is a lot of house and demand for mega homes remains weak despite the local 2014 rebound.