2 Willow Lane, Old Greenwich (just off Sound Beach Avenue), came on at $1.485 on May 24th and already has a pending contract, which means all contingencies have been met and the parties are just awaiting closing. The house needs everything, but it’s kinda cute, close to town, and South of the Village, so this one is easy to understand.
Not sure what to make of 7 Old Round Hill Lane, which is that small development off of Old Mill, that closed Friday at $10,442,990 – a clearly – negotiated number that strongly suggests, to me at least, that there was a financial guy on both sides of this deal – who else sweats pennies like this, or finds it fun? More power to them, of course.
The seller paid $7.519 for it in 2002 (“$519” – I told you he was in the financial industry) and on its face, this sale price 14 years later seems like a home run, but the listing says that “The 2015 renovation was done to perfection with all interiors transformed into today’s much sought after urban chic style.” I have no idea what that means and I probably wouldn’t like it*, but it does sound expensive. The owner listed it immediately afterwards for $12 million, so I’m guessing that if he sent to money to increase its resale value, he didn’t make out all that well.
- I take that back – the interior is clean and spare and incredibly attractive, and if that’s what “urban chic” is, I’m all in.
On the other hand, if those 14,000 square feet were looking a bit time worn after 13 years, he might not have been ables to sell it all without a complete facelift, so there you have it.
And even further north, way up one the border, poor old 230 Bedford Road has taken another price cut and is now down to $2.9 million. I’ve always liked this house. I liked it in 2004, when it sold for $4 million (I didn’t like its price, but the house was great), I liked it even more when it was completely redone in 2008, but no one liked its $5.5 asking price, and in fact no one liked it enough to buy it until its price dropped to $2.8 five years later, in 2013. It’s now been back up for sale for a year now, and still no buyers, which makes that 2013 purchase price, which seemed to be a bargain at the time, look like a mistake. Bedford Road has always been a very, very hard sell, and these days it seems hardly to sell at all.