Daily Archives: January 15, 2013
Malaysian government warns parents: if your boy likes V neck sweaters, he’s probably gay. Well everybody knows that!
Protesters picket Danbury WalMart over gun sales, but the store doesn’t sell guns.. It’s the thought that counts – and the tv cameras.
45 Baldwin Farms South is back, still asking $5.495 million, still unsold. This may well become the oldest foreclosure in Greenwich if it keeps up. Its builder originally listed it for $9.750 in 2007 on the advice of the broker, or so he once told me ruefully. He switched brokers and prices and kept dropping that price as the creditors closed in. So far, no buyers, perhaps because – and I don’t know this, I’m just speculating, the banks are owed more than someone is willing to pay for the house.
Which is too bad, because it’s a beautiful house, in its own, unique fashion. It’s right on the pond that runs behind South Baldwin homes and was designed with big spaces and easy room flow. I’ve had several clients interested in it over the years but we could never make a deal that worked for the lenders, the seller and the buyer all at the same time. I hope someone will be able to pull off that feat this time, because the house is too nice to just sit empty.
Three accepted offers of note today:
111 Patterson Avenue, asking $1.850 million. 588 DOM, after starting at $2.195
44 North Stanwich, last price $6.995 million, 504 Days on Market, started at $8.9 million (and sold for $6 million in 1994).
51 Glenwood Drive, Belle Haven, asked $7.995 now, $9.750 1,126 days ago. Almost always, the right price will cure whatever might otherwise ails a house, even big ticket ones.
Just heard from a client that Morgan Stanley.is deferring, again 100% of all bonuses over $50,000 (which means for all employees other than janitors). Not all banks suffered like Morgan last year, of course, but this a pool of potential Greenwich buyers who presumably have just stepped out of the arena, for now.