South of the Village contract reported

7 Binney Lane, Old Greenwich, asking $3.475 million. Binney’s a great street, but this house, built in 2007, hasn’t done well in the resale market after its sale that year for $4.950. Those buyers, despite pouring in some large dollars finishing and improving it, got just $3.925 in 2014 from these present owners and now they, too are taking a hit.

What percentage of this $1.5 million decline in value can we attribute to the poor quality of the lot and the ugly architecture of the house itself, and how much to general market conditions?