The reported contract is for 265 Valley Road, $2.995 million, that great house built into the side of a cliff. I thought the house was fabulous, but the lack of parking was a real drawback to many. I’m glad it’s found buyer.
And way out west under the flightpath, 14 Chieftains Road has sold for $2.475 million on its asking price of $2.795. I personally wouldn’t touch this development, but at the right price, I suppose it makes sense for Westchesterites who want to skip across the border for lower taxes. This house sold new in 1999 for $2.395 million, $2.525 in 2002, then $3.7 in 2005 and again for $3.7 just six months later. It’s been downhill for Chieftain values since then.