Final denouement on Stanwich

We’ve been writing about the sorry saga of 398 Stanwich Road since it first went on sale in 2012 at $5.650 million. Yesterday if finally sold, for $2.9 million. While that musty have pained someone, I’m hopeful that the owner, who was transferred several years ago had a relocation package; I’m not particularly concerned about those guys because that’s part of the risk they assume when they take on the job.

Or perhaps he didn’t, in which case he’s joined his predecessor in losing money on this house. The first owner bought it new in 2004 for $5.5 million in 2004, added some major improvements and upgrades, and tried to sell it in 2008 at $6.340. There it sat until this seller happened along in 2010 and paid him $5.350. The eventual outcome of that trade is as noted above.

I’ll say this: $2.9 is a small price to pay for such a large, well-built home. Of course, I may have a different opinion five years from now — check back.