Sometimes, a park doesn’t outweigh I-95

71 Orchard Place

71 Orchard Place

This 2,600 sq. ft. condo is an easy walk from Bruce Park, the Greenwich rail road station and Greenwich Avenue, but it’s even closer to the Thruway. The builder thought that the former virtues would offset the latter and priced the place at $1.995 in May, 2007. It sold today for $1.2 million. Remember, though, in calculating market decline, this unit wasn’t worth $1.99 at the height of the market (otherwise it would have sold, eh?) so its ultimate selling price tells us nothing about what happened to comparable houses in that two year period.

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