Daily Archives: August 31, 2015

So I was wrong

26 Thornhill Rd

26 Thornhill Rd

26 Thornhill Road, a little cape off Riverside Lane in NoPo, has sold for $880,000. A year ago, after it had hit the market in the $9’s I predicted it would sell quickly. It didn’t, perhaps because the owner quickly decided to rent it for $4,400, which is a pretty good return on a house she’d owned since 1956 or so.

[April, 2014]

26 Thornhill Road, NoPo Riverside, $939,000. I had this listing back in 2005 when it was priced (not by me) at $1.150 and we couldn’t sell it. Now Fran Ward at Shore & Country has it and I think it will sell quickly at its better price. Thornhill is a quite little street that runs between Riverside Land and Sheephill with just about zero through-traffic, and this house is – or was in 2005, in great condition, with a decent back yard. Its trouble lay in the location of its master bedroom, which was placed atop an add-on living room with no real connection to the rest of the house except by descending the stairs into that living room, crossing through the kitchen and then into the rest of the house. That’s a great layout for a family with teenagers; for those with toddlers, not so much. As I recall there’s not an inch of expansion room to spare here, so the obvious solution of adding an upstairs passageway won’t work. But if you can live with the layout, this is a very nice house for the money.

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A jewel of a house? A (costume) jewelry designer’s house, at any rate

109 Pecksland Road

109 Pecksland Road

109 Pecksland Road has sold, for $3.2 million. That’s a curious price, because the place expired, unsold, last October while asking $2.995 million. Why would someone pay more than what they know the seller was willing to accept a few months ago? I don’t know – if you run into the new owners at a cocktail party, ask them.

I think I did a decent enough summary of this place back in August, 2013, so I’ll just paste here what I wrote then.

…. 109 Pecksland, a 1755 house that was rendered unrecognizable as such long ago but still clings to three of the original acres, has chopped another $400,000 off its price and is now asking $3.295 million. David Ogilvy brought this on back in 2011 for $4.7 and after that failed, another agent picked it up, cut its price to $3.695 and added the information on its listing sheet that the property was owned by a “life balance guru”. That’s a term I certainly don’t recognize nor, judging from the lack of results, does anyone else. My guess is that this price cut will be more helpful in finding a buyer than pyramid power.

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Back (again) from Greenwich

151 Stanwich Road

151 Stanwich Road

Another lightning trip down to Greenwich today to attend to some real estate business (this time, leaving Portland @4:30 AM and heading back @1, no traffic, 5 hour drives each time. While I was away, lots of sales from Friday were reported. These were contracts from earlier months, mind you, but everyone wants to close before school starts.

151 Stanwich Road sold for $2,386,815 (I think that kind of penny-ante negotiating is boring, but some parties seem to enjoy it). This place started off as a package of two lots, the main one, which is what just sold, and a guest cottage, each on its own acre, and asking, back in April, 2012, $4.495 million for the whole.The seller seems to have finally thrown in the towel and offered just the main house on its acre, for $2.6 million this past June, and a contract was signed a month later.

The listing, by the way, shows a full 4,792 square feet, but that’s an error, left over from the original listing encompassed both parcels and houses: the main house has just 3,333 sq.ft., according to its tax card, and the cottage adds an extra 1,224. That adds up to 4,557, and so I have no idea where still another 235 feet can be found on the property: perhaps in Tamar Lurie’s purse.

The seller paid $900,000 for that cottage back in 1999, so the profit on the whole package, if there is to be one at all, is going to have to be found in this sale of the main house.

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