Tag Archives: 1 Sylvan Lane Old Greenwich

Contract in Old Greenwich

1 Sylvan Lane

I liked this house very much when it sold for $1.750 in 2003 and the buyers made it even nicer after their purchase. In 2007 they listed it for $2.595 and when they couldn’t get that, rented it until 2009. They took a number of price cuts over that time, finally ending up at $1.699 before finding a buyer today. Final price is not disclosed but the assessed value is $1.560 and I believe it will be lower than that. A cautionary tale, perhaps: pulling your house off the market and renting it “until the market returns” isn’t a surefire solution.

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Here’s a good buy in Old Greenwich

1 Sylvan Lane

1 Sylvan Lane

I liked this house back in 2003 when it sold for $1.750 million. I also liked the renovations the new owners performed in subsequent years but thought that their asking price of $2.6 million in 2006 was ridiculous. So did the marketplace, apparently, since it wouldn’t sell, but now it’s been dropped to $1.699 and I’d snap it up if I were in that price range. Assessed value is $1.599, but you could pay up a bit from that and be just fine.

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