Three houses that are asking less than they sold for

3 Dunwoodie Place

3 Dunwoodie Place

3 Dunwoodie Place (off Dingletown) sold for $6.3 million in 2005, tried $6.595 in February 2015 and when that listing expired, came back today at $5.675.

26 Glen Avon Drive.jpgThe price of 26 Glen Avon Drive, in Riverside, seems to be dropping as the flood waters of Long Island Sound rise. Sold for $5.995 million in 2006, $4.775 in 2009, and after hanging around on the market last year at a steadily decreasing price, is “new” today at $4.295. The house is dry, so far as I know, but the street isn’t, and I believe that’s impacting what you can do in the way of updating here. If so, thank Katie Blankley, our fearful Town Planner, whose stated goal is to eliminate all houses in any of the flood zones in town.

5 Cat rOCK.jpgAnd 5 Cat Rock Road, which sold new for $2.8 in 2005, and again in 2008 for $3.1, is on today for $2.999 million. I was never wild about this house, but we’ll see if the market disagrees; maybe there’ll be a bidding war, and this will eclipse that price of eight years ago. I doubt it, though.

26 Comments

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26 responses to “Three houses that are asking less than they sold for

  1. Anonymous

    What’s wrong with the Cat Rock house? It is a lot of house for the money.

  2. Anonymous

    U loco sir

  3. Brad Benedict

    I know, this labeled liberal outsider is again commenting. I very much like what it is you have to say about real estate, and market conditions. Further, having grown up in unpretentious circumstances in Woodbridge, up the road, yes, I know, rural, bordering on native, and having attended a then rather simplistic school founded before the other New Haven center of learning, I have no cred. This is just to say that if it was back in those dark ages had I grown up in any of the three houses represented here, I would have been embarassed to have any friend “over.” These places just don’t appeal to me. The 1920’s house on North Street with plantings and landscape and land, however, I thought quite nice, though a bit large.

  4. Anonymous

    I looked at Glen Avon. Although the agents insisted otherwise, the place is uninsurable beyond basic government coverage of 200K. I even double checked with a Greenwich insurance agent to confirm what my insurance broker informed me. Somebody will believe the real estate agents instead of doing their homework and buy it, because it’s a great value for the price — if you can afford to get flooded.

  5. There’s always flood insurance available – who’s telling you this?

    UPDATE: Are you working with a real estate agent? Surely they can get you assurance from a local insurance agent (Carlson comes to mind) to set your mind at rest.

  6. Anonymous

    i can guarantee you there is insurance on flood zone properties. I know because we got it! So, you’re getting the wrong info. Call Mickster.

    • Anonymous

      Not at this property’s elevation. Only $200,000 coverage.

      • That’s because the feds (FEMA) CAP flood insurance on any property at 250K. I think you’re wrong about the 200K. Above that you are covered by your homeowners policy. That’s how it works. It’s the same for 26 Glen Avon as it is for any other property. Someone is giving you the wrong information.

        • Anonymous

          I was wrong on the $250K coverage, you’re right, it’s $200, but neither my homeowner’s nor a local insurance agent would write a policy for this address.

          • Anonymous

            They have to write the policy! It’s fema insurance and the government offers it to anyone. You cannot be turned down. Call all state

        • Anonymous

          I switched the 200/250 again, but you get the idea!

  7. Anonymous

    The Glen Avon home is really nice but very noisy ! You can hear I95, and the train . You also have Ann Simpdon as a neighbor , I rather have CF or mickster ( they’re more fun)!!!

  8. Ann Simpson is absolutely lovely in every way. And a great agent

    • Ann is indeed absolutely lovely, and a good friend, but the reader is right: Mickster and I would be more fun as neighbors. Hell, Ann was only mildly amused when, during her broker open house at a house 200 yards up the creek from mine, I pelted the property with spuds from my potato cannon. Mickster would have figured out a way to distill them.

      • Ha ha ha. I can totally picture that scene.

      • Mickster

        Funnily enough, I do have cousins (on my mother’s side) in the Kerry hills who continue to distill those spuds and their neighbors happily recommend the product. My late father was a QC tester. My 93 year old Mom (today was her b’day) never did partake. She’s more of a brandy and port (not recently) consumer. With that lineage, I have no hope.

        • Mickster

          Thinking back now to my youth, I found it funny that the local milkman (who would deliver the milk bottles to the house) would drop off an occasional bottle of that moonshine (or poiteen, as we called it). My father, who really was not a drinker would partake on special occasions. Amazon had nothing on this door to door service.

  9. Anonymous

    Maybe the problem with glen avon is that given how much has been spent on renovations over the years, if a buyer wants to change anything that’s costs much $ (like ugly green master bathroom), they’ll have to make house FEMA compliant which means ripping out basement so as not to have walls that impede flow of water.

    • That is indeed a huge problem, which I alluded to in the latest post. There was a full discussion of this issue back when Greenwich was first increasing it’s FEMA and renovation rules (our Town Planners went vastly beyond FEMA’s requirements because, as she stated, Katie Blankly and her predecessor Fox want to see all houses in potential flood zones removed before Al Gore’s rising waters show up in 100 years).

      I said then, and I repeat now, Greenwich’s paid managers are stripping their employer citizens,property owners, of tens, if not hundreds of millions of dollars.

      • Anonymous

        Can’t some group sue the town? This policy (both the 50% rule and the additional one foot they added to the FEMA regs which would truly annoy me if I had a home that was FEMA complaint but 1 foot short of Greenwich compliant). Don’t these policies fall into rules about eminent domain or government over reach? Or are there no such rules?