Monthly Archives: February 2016

Price cut

4 Apple Tree Lane

4 Apple Tree Lane

4 Apple Tree Lane, from $950,000 to $850,000. It’s at the base of Palmer Hill, and across the “lane” (I think it’s a shared dirt driveway, actually, but my memory may be wrong) is the junk collection and construction equipment of one of Ada’s relatives. Plus, all that hill looming above it will soon be a construction site. But all that said, $850,000 for  1.3 acre lot is probably a decent deal.

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Three houses that may sell for less than they’re asking for

(Well okay, almost every house sells for less than its asking price, but I thought it was a cute follow-up to the header below. In any event, here are three new listings.)

19 Indian Head Rd

19 Indian Head Road

19 Indian Head Road, new today, wants $5.2 million, at least for now. The house next door, same era, same broker, started at $4.7 a couple of years ago and ended at $3.9, and a similar fate may await this one. Nice house, great location, but at some point, there’s a limit, no? We’ll see.

197 Stanwich

197 Stanwich Road

197 Stanwich Road, $2.395 million, looks intriguing and I wish I could see it tomorrow at its open house, but I had to return to Maine for a bit – I’ll ask Gideon or the Mickster for a review. There doesn’t seem to be much left of the original 1850 house, but really, who actually wants to live like their great-grandparents did?

250 Old Church Road

250 Old Church Rd

And 250 Old Church Road, $3.3 million, could be interesting. I like the Austin Peterson firm’s designs, generally, although the house they designed on Cos Cob Harbor on Lowther Point seems to grow uglier in my eyes every time I pass it heading out; I suppose everyone’s allowed a screw-up now and then, even with a $30 million house. This one looks pretty good, although the back yard, at least in its photos, seems postage sized. Again, I’ll have to rely on others report back tomorrow.

UPDATE: A reder corrects me – it was  Shope Reno that designed the Loather Point house, not Austin Peterson – my apologies to the latter firm for linking their name to this oddity.

 

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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.

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Billions in fraudulent ObamaCare payments, and no one in the government cares

Carl Sagan Cosmos

Billions and billions

Because cost was never the point, moving towards a single payer system was. The more enrollees the better, and damn the expense: it’s all borrowed money anyway.

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Back Country sale

52 John Street

52 John Street

52 John Street. $3,4125.00 sold, $4.850 asked. Most of the information on this property was, according to GMLS policy,  yanked from public access, but it was discussed here back when it went into contract in December.

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Pretty nice house on North Street, but it can’t sell – is this price segment dead?

524 North Street

524 North Street

524 North Street has cut its price again and is now asking $3.950, down quite a bit from the $5.2 the owners paid for it in 2008. That was the year the market was just entering its tailspin, so its understandable that what a house was worth then won’t be reachable today (in most parts of town), but I’d have thought the mid-country would have recovered more than this.

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I hope this is real, but probably not

I’m getting married in the morning,

Ding dong the adhan’s gonna chime,

Sev-enty  virgins,

Plus two all converging

So get me to the mosque , get me to the mosque on time

 

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Yup

Stupid

12 years before the event, John Kerry supporter presages The Donald’s appeal

“From Trumpmania to Euroscepticism – Revenge of the plebs”

From Obama’s writing-off of the inhabitants of industrial downs as people who ‘cling to guns and religion’ to blogging queen Arianna Huffington’s claim that ‘millions of voters’ vote with their ‘lizard, more emotional right brain’ rather than with their ‘logical left brain’, the contempt heaped on ordinary American voters in recent years has been relentless.

America’s new elites, fancying themselves superior to the rural, the old, the religiously inclined and the rest, have increasingly turned politics into something that is done to people, for their own good, rather than by people according to their moral outlook. And then they wonder why people go looking for something else, something less sneering.

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And more power to them

355 Riverside Avenue

355 Riverside Avenue

355 Riverside Avenue hit the market today at $1.699. I’ll be disposing of my own house up the street in a few months, and I’d love to see this one command a price like this. I don’t think it will, but better they test the waters than I. God speed and good luck!

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Sometimes, it’s better to cut your losses and run

JFS_111025_7697

One Pinetum

Cos Cobber has brought to our attention the new listing off Bible Street, One Pinetum Lane, asking $5.295 million. I’m skeptical of its chances at this price.

The owners tried, and failed, to sell an older house here back in 2007 for $2.495, so they doubled down, razed it, and built this one instead. It claims 7,459 sq. feet on its one acre, but given FAR restrictions, at least 2,000 feet of that must be underground, and despite what some agents claim, 2,000 feet of gym equipment and a big screen TV in a dark hole does not, nor should it, command the same valuation as rooms with, you know, windows.

Still, it’s a nice house, as this style goes, and I’m sure a buyer will turn up who doesn’t mind its inaccessible location or the presence of so many (much) more modest houses along its approach. It is across the street from the archery club’s 20 acres, so that may have some appeal.

But will that buyer pay over $5 million to live out here? We’ll see.

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Man cave, and more, for sale up on John Street

JOhn street

160 John Street

160 John Street, the old estate that was foreclosed on a couple of years ago, has been renovated and put up for sale at $21.5 million. It’s featured in a GT article today entitled “Man Caves”, and I suppose thats what it offers, as well as 14,000 sq. ft. of house, 9 bedrooms, 16 baths and a p0lo pony track.

It doesn’t do much for me, but then, I’m very much not part of its target market, so the owner, the former Managing Director of Goldman Sachs, will hardly lose sleep over any disappointment. And he’s unlikely to lose sleep at all regardless of whether anyone buys it soon, given that he has other renovation projects underway – I think it’s his hobby – including the Newport cottage Miramar ($17 million, plus $20 million more in renovations), and a 1,471 – acre manse in North Wales, once owner by Walter Chrysler, Jr., 38,500 square feet, $21 million + renovations.

It may be good to be King, but that’s a lot of property to keep track of; no thank you.

 

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Greenwich High School passes into the new world

Pink graduation gown

Pretty in Pink – the new Greenwich High School graduation gowns

GHS Headmaster Chris Winters, has announced that starting this year, GHS graduates will wear “gender neutral” pink graduation gowns, putting an end to the tradition of boys being forced to wear red and girls white robes .

“For too long,” Dr. Winters told FWIW, “we’ve seen  our transvestites, gay, lesbian and sexually-conflicted students bullied and tormented by their peers. I’ve heard too many stories of such students avoiding their graduation ceremony out of boys – or rather, boys who identify as girls, fear of being teased for wearing white gowns, and vice versa. It’s time to put a stop to that.

“While students will of course still be free to express their authentic selves by dressing as they like – push-up bras for the gentlemen, for instance, or leather leggings for the young ladies, we feel that most will respond positively to this elimination of a choice between red or white. The blending of white and red into pink will let them show that they care, and are sensitive to the needs and wants of all their peers.”

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It’s certainly possible that it’ll be the last voice HE ever hears

Dick Van Dyke, senile and 90, endorses Barry Sanders: “It may the last voice we ever hear”. 

Mr. Van Dyke has a net worth of $30 million, so a socialist government now is his best chance to die in the same impoverished condition he wishes on us. So much for his image as a lovable old goof.

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Oh, to be 25 again, with almost no competition

Georgetown JD

Georgetown Law

The world of academia appears to be developing a vast pool of fragile flowers, male and female, black and white. Even law students, who, at least at Georgetown, have been “traumatized and shaken” by the reaction of their professors to Scalia’s death.

I don’t know why these individuals are such weak snowflakes, but I’m guessing the root causes are helicopter parenting for the white boys and 16 years of being taught that they’re victims for the blacks and the white girls.

Or not; either way, the path to success for any young person of any gender, any race,  tough enough to deal with the disapproval of others and think for himself is wide open.

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What a mess he’s leaving behind

Western Europe begins rearming as the 1980s return

NOBEL PEACE PRIZE UPDATE:  U.S. Marines Pre-Positioning Tanks, Ammunition In Secret Norway Caves Against Russian Invasion. “In 2015, it was revealed that Russia rehearsed military takeovers of northern Norway, the Swedish island of Gotland and the Danish island of Bornholm.”

Related:  U.S. Sends 5,000 Tons Of Ammunition To Germany. “Recent moves in response to Russia’s sending troops into Ukraine have seen the US reverse some of its gradual reduction in numbers in Europe, especially Germany where it has had large bases since the end of the Second World War.”

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I don’t think title insurance covers this

Abandoned house

Who knows, what evil lurks in the hearts of men?

NJ home buyers sue sellers for failing to warn them of “The Watcher”

The bizarre case of ‘The Watcher’ has taken a dramatic twist, with the previous owners of the house disclosing that they too received an anonymous letter just days before they sold the home.

The $1.35 million house in suburban New Jersey has now been empty for two years, while the current and former owners are locked in a legal dispute over it.

The new owners claim the sellers knew but never told them about the bizarre stalker, who called themselves [sic]  The Watcher.

But now the sellers have hit back, calling the allegations untrue – but also disclosing that they too received an unsigned letter, although they say it was not ‘threatening’.

The mystery started in June 2014, when Derek and Maria Broaddus bought the six-bed, 3.5 bath family home in Westfield, from John and Andrea Woods.

A year later they sued the Woods, who had retired to Massachusetts, claiming that within weeks of the house sale closing, they had received three threatening letters, signed ‘The Watcher’.

The Broaddusses claimed they had received a letter saying: ‘I have be [sic] put in charge of watching and waiting for its second coming; my grandfather watched the house in the 1920s and my father watched in the 1960s.

‘It is now my time; Why are you here? I will find out; Now that they have it to flaunt it, they pay the price…’

It went on: ‘I asked the Woods to bring me young blood.’

One of the other three letters said: ‘Who am I? I am the Watcher and have been in control of [the home] for the better part of two decades now.

‘The Woods family turned it over to you it was their time to move on and kindly sold it when I asked them to.’

The Broaddusses had demanded triple damages – the cost of the house, plus the renovations they had paid for – but the Woods are now counter-suing, saying that they deserve compensated for the damages to their reputation.

I don’t think I’d want to move in either.

UPDATE: The plot thickens: Reader ChillKitty sends along this link to a Gothamist article that debunks the new owners’ claims or, at least, casts them in  different light. The couple has had 10 mortgages over 12 years, never performed the renovations they claim as  part of their damages, and, curiously, waited a year after receiving the first letter before filing suit, even though they claim they were so frightened to receive it that they never moved in.

It’s a nightmare, alright, but for the sellers, not the buyers.

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So just raise the minimum wage to $50

malloy minimum wage

Dannel and Barry celebrate their worker replacement program at minimum wage increase ceremony

White House predicts that robots will replace all jobs paying  under $20 per hour

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(Another) Million-dollar price-whack up at Conyers Farm

74 Upper Cross Rd

74 Upper Cross Rd – t’s white, and it’s huge, but is it a huge white elephant?

74 Upper Cross Road, cut from $9.950 to$8.950 today. The house is 14,000 sq.ft. on 16 + acres, it sold for $10,000,000 in 2000, was completely renovated in 2011 and resold to the present owner for $13.5 in 2012. He and the agent who sold it to him, David Ogilvy, have been attempting to unload it since 2014, when they started off at $13.890.

The bloom’s off the rose; not just this particular house, but behemoths 10 miles north of town, in general.

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FAR mystery house

7 heusted

7 Heusted Drive

7 Heusted Drive, Old Greenwich, reports a pending sale, $1.795 million. The listing, and the tax card, show 3,206 sq.ft. in the main house and a 792 sq.ft. cottage, on an 0.11 – acre lot in the R-12 zone. By my math, the R-12 FAR ratio of .315 for 1 4,791 sq.ft. parcel is 1,509 sq. ft., so how it swelled to 3,998 feet is beyond me, but there you have it.

No garage, and no where to put one, but for this little money, what do you expect?

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And old construction sells on Round Hill Road, but it probably won’t be old for long

Barbieri

Joe Barbieri and his Sothebys sales team celebrate his latest sale on Round Hill

Joe Barbieri’s listing at 75 Round Hill Road is reported pending – asking price was $5.250 million. It has a so-so 1938 house on it now, but it’s also 4.31 acres in the R-2 zone, with a FAR of 16,000 sq. ft., so I’d guess the house will be razed and something modest and tasteful erected in its place.

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