Sale prices reported
/19 Andrews Road closed at $2.7 million. A fine, 1929 house, in a good location, the sellers paid $4.6 million for it in 2007. They priced it at $3.8 in April 2018, a discount that, in times past, should have assured a speedy sale but instead, it took almost two years to find a buyer.
The owners of 10 Club Road in Riverside fared better. They paid $4.350 in September 2018, changed their minds and put it back up for sale in September 2019 for $4.495 and have sold it for $4.250 million. For an illiquid asset like Greenwich real estate, that’s a home run; transaction costs included, they probably lost just $400,000 or so.