Still waiting, but we're seeing
/
When 66 N Old Stone Bridge hit the market April 25th I expressed some doubt about its $3.295 price because nothing’s ever sold in that section of Cos Cob for much over $2 million. It’s dropped to $2.995 million today.
Testing the market?
Coming this Thursday, 66 North Old Stone Bridge Road, Cos Cob, will be looking for $3.295 million. It looks like a nice house, and I’ve always liked the Old Stone Bridge development (even if it isn’t old, and never had a bridge, stone or otherwise), but the listing caught my eye because my memory was that nothing here has ever broken the $2 million. I was almost right: a search showed that one house, 33 Old Stone Bridge, sold for $2,216,000 in April ‘22, and 86 N Old Stone Bridge just sold in February of this year for $1.931, but that still puts this one more than a million dollars over any previous sale.
It’s bigger than most of Old Stone’s houses; 5,000 vs, approx 3,300 sq.ft., and just renovated, so who knows? But the old real estate adage that it’s better to buy the least expensive house on an expensive street, and not the most expensive on a modest street, is an adage because it’s been proved right so often, for so long.
As always, we’ll wait and see.
