Richmond Hill Drive
This street, way off in Greenwich’s northwestern corner by John Street, saw a spurt of building projects a few years ago. I can’t tell what happened to a couple of the most expensive of them – they were deleted from our listings. Did they eventually sell privately? Only their agent knows.
56 Richmond sold in February,2008 for $4.2 million, but it was originally listed at $5.695 million in January 2007. Ouch. Similarly, 95 Richmond, listed May 2007 at $8.895, sold this past April for $7.450. Ouch again.
Of the six active listings, 71 Richmond failed to sell in 2003 for $4.050 and was returned to the market today for $3.795. There’s no mention of any changes to this house except that it’s now four years older, so I assume that the sellers hope that their desired price has caught up with the market. I suspect that 2003 prices were stronger than today’s, and if it didn’t sell at $4.0 then … we’ll see.
25 Richmond, a building lot, seems to be priced fairly at $2.095 but it’s been on the market for the past year so what seems fair to me is obviously wrong. Keep cutting.
34 Richmond has been sitting, unsold, since November ’06. The sellers have reduced the price from $6.975 to $6.450 but I don’t think that’s going to do the trick.
37 Richmond was bought in August 2003 for $3.6 million and is now back on the market asking $7.450. Again no mention of improvements, so this seems, er, aggressive.