New listing at the bottom of Indian Head in Riverside

117 Indian Head Road, $4.950 million. Built in 1960, with a kitchen and baths that could all use a major overhaul. It does have two acres, a fair portion of which are in the AE flood zone.

Interestingly enough for those who like to track the last period of “irrational exuberance” in Greenwich’s real estate market, the previous owners of this property listed it at $5.550 million in May 2007 and sold it to these people in 2008 for $4.250. But do remember, Riverside was the first area in town to recover from that crash, and selling prices have climbed since.