I don't get it

New to the market today, 18 St. Claire Avenue, Old Greenwich, $3.6 million. The owners have done a nice job updating a 1970 builder’s special but when I saw the price I thought that I must have confused St. Claire Avenue with another street on the water but no, it remains where I remembered it, next to St. Saviors, on the east side of Sound Beach.

Maybe they’ll get what they ask, but I’m currently working with a couple of clients in this approximate price range, and based on what I’ve been seeing, the virtues of this one escape me.