29 Lockwood Avenue in Old Greenwich, asking $3.495 million, has once again been withdrawn from the market.
Built by New Canaan developer Rick Girouard who was a widely respected builder until he was put away for bank fraud in 2010 , it’s a very nice house, although the choice to sacrifice a backyard for a pool probably wasn’t smart, but clearly the marketplace disagrees with the owners’ opinion of value, and neither will budge: buyers won’t buy it and the owners won’t cut their price. This has been going on for years, just about since the house was bought new for $3.1 million in 2005, and I believe the price has dropped $100,000 in all that time.
It is, of course, a property owner’s unfettered right to sell only at a price of his choosing, but it’s also the right of a real estate agent not to waste his time showing a house that’s not really for sale.
So it sits, until next time.