Well as noted yesterday, our market is in that annual, exhausted lull after Kwanzaa and just before our jubilant celebration of MLK Day, so the lack of real estate activity is no surprise. Still, there’s a little to report:
18 Cat Rock Road, built as a spec house in 2014, finally found a buyer and pretty much got its price: $2,142,50, on an original ask of $2.350. A lot of house on some pretty dodgy land, but $2’s about what you can expect to pay for similar new construction. (No shit: that’s really the front of the house)
“Swamp Vue on the Taconic”
And designer Cindy Rinfret’s house at 304 Taconic Road, which started at $15.950 million and has been marked down steadily ever since, reports a contingent contract. Last asking price was $6.450, so I guess she’s reached an accommodation with her lenders. One of the most idiosyncratic homes that’s ever been the subject of this blog (use the search feature), but apparently Rinfret’s finally found someone who shares her taste.
187 Shore Road
187 Shore Road, in Old Greenwich, sold for $2,937,500 back in 2013, had some money put into it by the buyers and was re-listed last June for $3.995. It’s now down to $3.395, with a possibility, in my opinion, of selling for less than that 2013 price. This was one of those homes a reader recently took me to task for saying its selling price “surprised me”, but I couldn’t see the wisdom of buying an 1898 home in the coastal flood zone at anything close to $3 million, no matter how charming (and it wasn’t very charming, it needed a ton of work). If it pleases that reader to do so, he may color me “not surprised” by this price cut.
26 Jones Park Drive
26 Jones Park Drive in Riverside has also cut its price, to $4.925 million. It’s a very pretty, modernized house (1898, or something) on a great street, so price must be all that’s holding this one back. Price and, perhaps, its agent’s description of it as “a transitional presence with a fresh, youthful, interior”. What the hell is that so supposed to mean? Maybe potential buyers are so confused that they just skip it, and move on to the brick Georgians.