And we're back
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Safe at home at 324 Riverside Avenue
Photo credit: Sarah Fountain, who texted me this while I was perched, freezing and deerless up north. Sharper than a serpent’s tooth ….
Should have stood in bed, as anyone with knowledge of the respective deer populations of Riverside, CT and Abbot, Maine, could have told me. But a good time was had by all, especially the would-be-but-wasn’t venison.
I see that, despite his infusion of $2.5 million into our local election, George Soros’ attempt to put Jill Oberlander into the First Selectman’s seat failed. Not to worry, Mayor Mike has promised to step in with his own cash when the BET campaign kicks off next year.
In the meantime, Regis Philbin continued to demonstrate his real estate acumen by listing 56 N. Stanwich, the house he paid $7.2 million for in 2008, for $4.495. Regis, never try to catch a falling knife: that property had started at $9.2 million in 2006, and remained unsold until you showed up two years later. You didn’t have to wait until now to get it for half-price.
But the poor guy has a history of misjudging Greenwich real estate: he purchased the North Stanwich home a month after listing his residence at 38 Meeting House Road for $5.9 million (from Warner Wolfe, who knew from betting on losers), and probably thought he was “investing” just a wee bit more of his money in the new place. But 38 Meeting House took three years to sell, and fetched just $2.990 million.* Bummer, but at least he knows what to expect this time.
In a perfect example of the greater fool principle, those buyers are now planning to tear it down and replace it with a 13,000 sq. ft. house. $3 million for a building lot? On Meeting House Road? See, “a fool and his money” for another real estate principle.
