Price cut in Riverside

35 Lockwood

35 Lockwood Rd

35 Lockwood Road, 2004 construction that sold for $2.995 in 2005, was put up for resale last September at $3.295 and today has returned to that 2005 price, proving, I suppose, that even Riverside isn’t immune to market fluctuations.

Plus, and though I don’t remember this from watching while it went up, it appears to be a modular. Absolutely nothing wrong with that method of construction, but it yields the double-floor entrance seen in this one, and that can be an off-putting feature, to some buyers.

Just saying’.

UPDATE: and I was just sayin’ wrong. Mickster confirms both my own and the neighbor’s memory that this was – is – indeed a stick-built house. Ralph Straza built it and as Mickster says, he builds a good house.

But I still don’t like this entrance.

lockwood

50 Comments

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50 responses to “Price cut in Riverside

  1. fitterhappierlessproductive

    People don’t like double height foyers now? Or are you saying this one in particular is not appealing?

  2. A neighbor

    This is a really beautiful house. Not sure why it isn’t selling because it is very handy to school and train. I do not remember this being a modular but I could be wrong.

    • Nor do I, neighbor, but that foyer certainly looks like one. Again, though: modulars really do fall into the NTTAWWT category, assuming their finishes are upgraded to our market standards. I have one friend who told me it was cheaper to have the factory standard fixtures installed and shipped, then strip them out on site and put in stuff that matched a $3 million price tag.

  3. fitterhappierlessproductive

    I think this house would really benefit from a coat of gray paint to modernize it. The beige/brown inside makes it feel dated. Also the bathrooms are a little bit builder grade for $3mm, and 4 bedrooms is tight for the 3-5 kids everyone seems to have now.

  4. Anonymous

    Yes, please explain the problem with a double height entrance?

    • Nothing wrong with them if you like ’em. Taste is personal and, personally, I think it’s a concept that’s been so overdone that practically every new house in this range looks like a Toll Brothers’ job.

  5. Anonymous

    Doesn’t look like a modular to me either. Modulars tend to have odd shaped rooms but these rooms look normal.

  6. Anonymous

    Most modular I have been in do not have the double height foyer. That’s an option that is not required per se.

    • Huh. Live and learn; I didn’t realize I was looking at “Greenwich” models all these years, but that makes sense. Double heights are real space wasters, and a buyer in a lower range would doubtless prefer usable space to a Jed Clampett entrance. So would I, for that matter, but I’ve always pretty much dressed and thunk like Ol’ Jed.

  7. Anonymous

    I think Lockwood is the real problem here! Who wants to live on that crazy block for 3m?

    • I’d agree in principle, but there are so many sales on that street for far more than $3 that obviously you and I are in the minority.

      • Anonymous

        The couple of houses that sold over $3 on the street were new builds at the height of the Riverside frenzy. This 10+ year old place won’t get anywhere near that with 4 bedrooms and a shared driveway. They would be lucky to get 2.1.

    • New to Riverside

      I’d agree that these houses on busy cut-throughs like Lockwood, Riverside, Owenoke still sell high but they take a relative hit. I personally wouldn’t live on a busy street. Apart from the road noise/safety issues, it is a totally different neighborhood dynamic.

    • A neighbor

      The same people who pay a lot to live on Hendrie. It’s all about location!

  8. Fatdaddy

    Get ready…ANY uptick is short lived. Sell while you can and get the F out of Connecticut.

    “BlackRock Inc. plans to cut about 400 jobs in what may be the biggest round of layoffs to date at the world’s largest money manager, according to people with knowledge of the matter.”

    Your trust fund can’t withstand the double-fuck this region is going to give you!

  9. Cos Cobber

    So the place is a decade old now and so the top dollar shiny new places are fetching more because they have more high end stone in the bathrooms and the gray wash look throughout. This is a pretty cool home, should find a buyer now at the new price. I don’t think Lockwood’s drive through status is hurting it as much as the fact that the interior details are now yesterday’s design. Overall, its a great basement, great porch and pretty good functionality overall.

    • It no longer surprises me how many people are willing to pay a new car premium for an asset that, though it will depreciate, has a useful life of at least 50 years. Better, I think, to buy a used house and applying some of the money saved to updates that will also have depreciated when you go to sell in 10 years.

      • Cos Cobber

        Depends in part on your personal opportunity cost situation and your priorities. Some people are working 24-7 and have zero time to manage improvements of any kind.

  10. Mickster

    I just looked it up – Ralph Strazza built this so NOT a modular. Built on Rocco D’Andrea’s veggie garden. Ralph always did a good job.

    • GPD Folk

      great garden…miss it!

      • Oh, so do I, but I’ll bet the boys don’t – you could always see them out there weeding, while the rest of us were bicycling to the beach or somewhere more enticing than a rutabaga row.

      • Mickster🍀🍀🍀

        GPDFolk, I need to talk to you about a ticket. 60 seconds at a hydrant getting a takeout! . WTH!!
        What is the force coming to? We need more Micks on the force!! Guys I can relate to. The Irish accent works with them. 212-where I’m from.

  11. Anonymous

    Every room a different shade of vomit beige. I think if you spent $20K changing the interior colors the house would get $100K more. The actual house looks like a good deal. Very pleasant.

  12. Anonymous

    It’s okay, but this market is not one where okay is going to fetch $3m, or 2005 prices generally.

  13. W

    Modulars are so last millennium. Today it’s panelized homes, where panels are built off site then delivered and assembled on site, versus modular where separate modules are built then put together on site. This Old House is going panelized this season on the North Shore of Boston, recreating a farmhouse style home built by Connors Homes out of Vermont. Connors has a catalog of very attractive designs. The couple building said the cost was about $240sf. Google TOH North Shore for pix and explanations of the diff between modular and panelized. Lots to learn.

    • Absolutely agree with you on panelized homes, though they aren’t exactly new. Some excellent builders have been providing post and beam (“timber peg” seems the preferred term these days) panelized homes for several decades now, and several have, I believe, been featured on this Old Home. I’ve been moseying around some of the lake towns near Portland with an idea of building a weekend – ultimate permanent residence there, and if I build new, I’m leaning strongly toward a panelized post and beam.

    • uminn65

      Worth going to Connor homes on Google to read about unpleasant experience of recent customer.

      • W

        I’m sure there are any number of excellent builders in the panelized biz, Connor just happened to be who TOH partnered with. They must have done research and seen complaints before agreeing to work with him.

  14. MCD

    It will take a big hit on price – dated look, low ceilings (surprising for a 2004 house), may as well be a corner lot because it shares a driveway with 2 other houses, its on the Lockwood Road racetrack, and the green marble counter tops! $2.0m

    • You’re either dreaming, deluded, or negotiating with the owner, but no one’s getting this house for $2 million. If you really are seriously in the market for a house in Riverside, and think that this is what $2 million will get you, you need to stop, right now, and head over to Cos Cob, Byram or Stamford. Otherwise, you’re just wasting everyone’s time, including your own.

    • Smokey

      Are you smoking crack or are you just delusional?

      • She’s trolling actually, using several monikers from the same IP address. Mid-Country Diva, MCD, Anonymous, Etc.
        If she’s who I think she is, she and her husband couldn’t buy a pup tent.

  15. Cos Cobber

    I don’t see how this place won’t fetch at least 2.6

    • Anonymous

      I’m willing to bet that he’s just ‘talking his book’ as a potential Riverside buyer.

  16. Anonymous

    I love the big porch! But if you have more than one guest, do your friends park on Tyler Ln given the shared driveway?

    • See now, that’s the beauty of Riverside:walk to everything, including your friend’s house. Of course, that does limit one’s social circle, a bit, but isn’t a little exclusivity a good thing?

  17. fitterhappierlessproductive

    I’d guess 2.8-2.9m. You can’t find anything close for mid-2s in riverside school, walk to train, of this size, newer construction. Makes 43 Lockwood look overpriced though. Yes, that’s a SBP house and has 17 layers of moldings everywhere and fancy-everything, but it’s 2 doors down and not 7-800k better.

  18. Mickster

    Real ‘issue’ here, as one or two pointed out earlier, is the number of bedrooms. Anyone paying upwards of $3mill wants FIVE bedrooms, one can be an office w/convertible sofa but many do need that extra room at the rate people are popping them out.. Fine house otherwise. Street is not an issue.

    • New to Riverside

      Good point, but I still disagree on the street “issue” — I just bought in this price range and there is no way I’d by on one of the “racetrack” streets as another poster labelled it. With competing inventory, I think such houses will take a big hit. $2.5.

  19. Anonymous

    43 may not be worth $600 more that this one. But it’s easily worth $300k more. Higher ceilings, far superior and more current finishes, a fifth bedroom, 10% more sf