15 Lia Fail
My vote goes to this house, 15 Lia Fail in (gasp!) Cos Cob. I mentioned it awhile ago but I’ve been soft pedaling it while I brought it to the attention of a couple of my own clients. They didn’t bite (too big for one, beyond stretching range, the other), so here it is again. It’s on over two acres, bordered by conservation land and in the nicest neighborhood in Cos Cob in my opinion. The house is in fabulous condition -one client asked if it were new and it comes with a pool and a separate guesthouse.
The owners paid $1.8 million for it in 1999, added on to it in 2002 and renovated it in 2007. They priced it at $2.850 in 2008 and it didn’t sell. It’s back on now at $2.225 and offers more house, on better land and a better location than anything else in its price range I am aware of. I think it’s a great deal. Assessment is $1.929, and in this case, the house should command a premium over that.
14 Comments
November 3, 2009 at 4:49 pm
I think 951 lake is a good value..what ever happend to it?..did it sell?
November 3, 2009 at 4:55 pm
Pretty sure it’s in foreclosure, Anon. You mean the antique up by Parkway?
(Just checked). It’s still active, asking $1.395. I’d check out the amount of the mortgage and see if I could cut a deal with the bank.
November 3, 2009 at 5:17 pm
Has a strong old country hunting lodge decor. Bathroom and red room notwithstanding, not sure the missus would like it. Kudos to your old firm for posting the OLP and reduction history.
November 3, 2009 at 5:23 pm
BTW, don’t think a certain now-you-see-it, now-you-don’t post escaped unnoticed. Have a certain property’s owners drawn a map to silence criticism that runs through the GAR greivance board?
November 3, 2009 at 5:39 pm
Chris – your clients and everyone else take one look at this house and no matter the price don’t want to live in New Jersey. Nuf said
November 3, 2009 at 5:50 pm
Just checked this out – it’s quite sizable, but it’s on a one acre lot. Let’s just say I want to add something, like a bigger kitchen (the one in the photo doesn’t look like much). Have they maxed out the FAR?
November 3, 2009 at 6:05 pm
I know that beauty is in the eye of the beholder, but that house is pretty ugly.
November 3, 2009 at 6:40 pm
Sorry to disagree with you, Chris, but as “kidding really” observed, its architecture smacks of New Jersey…badda bin, badda bang. Not my taste, but then again, my taste is probably not mainstream.
“In the nicest neighborhood in Cos Cob?” In other words, the tallest midget.
November 3, 2009 at 6:50 pm
It’s very nice inside, Cobra, and has a great yard. Plus, walk 100 yards and you’re in the only 500 seat marble ampitheatre in Cos Cob.
November 3, 2009 at 8:09 pm
Chris Can you give us your top 10 houses for sale in Greenwich? How about top 10 price is no object, top 10 great neighborhood houses? Top 10 values? Top 10 best houses that are overpriced? That would be worth reading and I’d love to see these lists updated from time to time. Spend more time on houses and what they are worth!!!
November 3, 2009 at 8:17 pm
Great idea Kidding
November 4, 2009 at 12:53 am
I agree, Kidding, excellent idea. I’d love to read that!
November 4, 2009 at 8:56 am
The house next door is even larger. This neighborhood is the best kept secret in Greenwich. But you can read all about it in the Oral History of Greenwich series at the Greenwich Library. All houses in this enclave except this one and the one next door are on two or more acres–these two are on slightly more than one acre each.
November 4, 2009 at 8:57 am
Bloomberg this morning: Sternlicht Wagers on Greenwich Rebound by Raising Home Price
Sternlicht’s broker, Jean Ruggiero of William Raveis Real Estate, said in an interview. “Just because people are lowering their price doesn’t mean it’s right, because he’s not a desperate seller.”
http://www.bloomberg.com/apps/news?pid=20601093&sid=arkdaYs4SucI
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