Two starter homes or land sales

one carriage road

Swamp Vue

1 Carriage Road, Cos Cob, $875,000. One acre, one aging contemporary. It sold for $802,500 back in 2002, but it was priced and valued then as a livable house, rather than a free one, today. Personally, I think it’d be a perfectly nice house – all things being relative – for someone stretching their budget, but it’s probably due to be replaced.

And 67 Sumner Road, way out yonder in Indian territory, sold for $1.5 million even. Five acres, decent house – if you don’t mind the commute, not bad.

67 Sumner road

67 Sumner Road

19 Comments

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19 responses to “Two starter homes or land sales

  1. Anonymous

    Wow – $875k for 1 acre is a deal even if it is cos cob address off of cognewaugh. However, if you are planning a newbuild it looks like you are going to be doing some serious blasting or hammering as there is a lot of rock on this property which adds to the cost. Plus not clear how much wetlands come with the property; CF do you have a sense for that?

  2. Anonymous

    Sumner Road is really a NY house….with the advantage of CT lower taxes. I wonder if you can go to the better Byram Hills school district?

  3. Guest

    Carriage Road is in the depths of Cos Cob, so a hard drive. However, a very good price.

  4. Captain Obvious

    Methinks Greenwich property values are a crashing!

  5. Stanwich

    It’s in a great area of Cos Cob and in North Street Schol district. Plenty of very nice new and old homes in this area and you’d get to it from Stanwich/Cat Rock, not Cognewaugh if you’re coming from town. WTF it’s like nobody on this blog actually lives in town. CF it’s about time you had another talking down to about the relative merits of Cos Cob, especially this part.

  6. Anonymous

    Would never live on or off of Cognewaugh or Cat Rock — death traps. People see this and this is why property values are so low here.

    • Well not quite death traps – I can’t remember a single fatality on the road, but I’m sure our local body shops have feasted for many years on the fruits of Cat Rock and Cognewaugh

      • not saying

        On Sept. 26, 20-year-old William P. Benedict Jr. pleaded guilty to manslaughter in what authorities had called the alcohol-related automobile accident on Cat Rock Road that killed one of the three other teens Benedict had been driving home from a party early the morning of July 24, 1999. The victim was Monique Da Lan, an 18-year-old Greenwich High School graduate and National Honor Society member who was looking forward to returning to Loyola College for her sophomore year.

        Benedict had been arrested on two counts of manslaughter, one count of which was dismissed because conviction would have hinged on a legal finding of intoxication. Benedict’s blood-alcohol level at the time of the accident was 0.09, just below the legal limit of 0.10. Under the remaining manslaughter count, he had faced a possible 10 years in prison, but under a plea agreement, the prosecution will ask a Superior Court judge to sentence Benedict to six years in prison, and suspend that sentence after three years.

    • Anonymous

      Property values aren’t “so low” there you idiot. Prices vary all over town and there is nothing even remotely bad about this area that you couldn’t say about many other places in town. CF likes to kid around about certain areas however some idiots don’t understand that.

  7. Guest

    There is a lot on Cottontail, same area, but directly off Stanwich, so no Cognewaugh / Cat Rock access or driving issues, asking $1.1. Straight run from town and probably worth saving the $$$$ to go to. Is an area of very big homes, so you get a lot for your money. See what that lot goes for. Could build a new substantial home for $1.85, and sell it for more.

    The price is very discounted vs an acre or 2 a little west, which would go for at least $1.75 for a good lot.

    • Reasonable Richi

      I like that lot on Cottontail and agree it’s a very good deal at $1.1MM for one acre. I’m surprised it has not sold yet. If I wasn’t in the middle of a project I would buy it and build a spec. Perhaps it will still be there in the spring and I can snap it up then. Even at $875k I would not have bought carriage road property; cognewaugh is a death trap and everyone who’s lived in town knows it. Too many kids lives have been taken on that road; it should be widened to make it safer. If that occurred housing values in this area would go up 20% overnight.

      • Guest

        The price differential vs an okay acre in the golden triangle off North Street is inexplicable. It is an inefficient market.

        I get that it is a little farther to central Greenwich and the supermarkets, but not $650,000 farther when you are talking about a $1.75.million dollar lot in the golden triangle. Same schools also. Two things that depress the price – no town water and no gas line. The gas line may come there eventually. I don’t get why the town water is not there. North Stamford has town water.

        Anyway, if you can live with oil heat, well water and a Cos Cob zip code, it is a good deal.

  8. Guest

    One thing I do think is that the Cos Cob zip code is inappropriate in mid country.

    Next to the Post Road, you really are in Cos Cob, a charming small New England town, with many prewar homes. You can see the water. You have the stores. It’s cute. It is walkable. Nice to be in Cos Cob.

    In mid-country, having the Cos Cob zip code only serves to depress real estate values. Anyone who knows the history, knows that the postal route in the 1940s, 1950s and 1960s, and then the advent of mandatory zip codes, changed the name of this area from Greenwich to Cos Cob. The only reason the name of the mid country area was changed was that a single mailman delivered to real Cos Cob and to this largely undeveloped area, with the only houses being on Stanwich, Cat Rock and Cognewaugh originally.

    The town should petition the U.S. post office to split the zip code -into real Cos Cob and the rest, which is mid-country and should be called Greenwich as it was for hundreds of years before. It depresses real estate values in a very nice mid country area to call it something it isn’t and never was.