November 30, 2015 · 4:05 pm

Price cut on Stanwich

292 Stanwich Road

292 Stanwich Road

291 Stanwich, new construction, from $6.695 million to $6.495. Nice house, but this is still a huge price for Stanwich. Still, the one behind it, same property – it was subdivided – sold for $6.9, so lightning could strike twice.

 

 

16 Comments

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16 responses to “Price cut on Stanwich”

  1. Dead Money
    November 30, 2015 at 4:18 pm

    The one behind it is far more impressive from the outside and obviously higher up and further from the road.
    It also appears a good deal larger.
    The cost to build this one can’t be more than 2m.
    Looks very cookie cutter and cheap.
    Skimpy landscaping too-meh.

    • Chris Fountain
      November 30, 2015 at 4:26 pm

      $1.8 for the land (both parcels together sold for $2.45, a deal my own client had an accepted offer at, but chose to change his mind), so the real winner was the guy who paid that, recouped $1.8 of it, and sold the house he built on the back lot for $6.9.
      But back to this one: $1.8 for land, maybe – maybe – $2.5 for building = plenty of profit, no matter what it sells for.

      • Dead Money
        November 30, 2015 at 6:19 pm

        I agree that some out of Towner will scoop this up.
        It just isn’t worth the money to me.
        And yes, the builder is doing well here.

        • Anonymous
          November 30, 2015 at 8:26 pm

          You must be a fancy guy, house is somewhat high end generic but not sure where you get cookie cutter and cheap! I doubt you are the target buyer, I am sure you are right that a NYC or Westchester person will buy it. Be curious to see final price.

  2. Anonymous
    November 30, 2015 at 5:05 pm

    I think it’s a nice looking house – classic. The finishes also look nice as well. Don’t love how close it is to Stanwich road but that can be fixed with some trees and a fence. Many ego houses on North Street have a similar problem and they seem to sell with benefit of time although some have struggled. I think this one ends up with a $5 in front of the final price. I’d probably buy the spec house on Londonderry that looks at the 4th hole of burning tree (similar size, similar quality, quiet neighborhood, with a view) at $4.9MM over this one.

    • TrackmanPro
      November 30, 2015 at 6:24 pm

      The house you’re referring to on LNDDRY has a nice view of no.4 @ BTCC..however, don’t migraines blur your vision?
      It’s less club to the Merrit parkway than it is to the green of no. 4
      And it screams spec inside and out.
      Fore right!!

  3. Anonymous
    November 30, 2015 at 7:57 pm

    This house will not fetch anything close to 6 million (my opinion) public rooms not “grand” enough for that kind of money and it is a strange layout!! This will be a fun one to watch!!

    • Chris Fountain
      November 30, 2015 at 8:00 pm

      The builder has a history of building good quality homes, but in poorly thought-out locations, and getting hammered. I hope that’s not the case here but as you say, we can watch from the sidelines and see what happens.

  4. Anonymous
    November 30, 2015 at 8:38 pm

    looks pre-fabricated to me — but most new houses in Greenwich look this way to me.

  5. Anonymous
    November 30, 2015 at 10:58 pm

    Well and septic too

  6. Anonymous
    December 1, 2015 at 8:22 pm

    The railings on the stairway are awful, as is the marble floor in foyer. The builders needs to hire someone to tell them these are mistakes. Unless I’m wrong.