The Law of Intended Consequences

403 Stanwich Road was put on the market recently priced at a million dollars, far lower than even a house being sold “as is”, and most likely just a building site should be expected to fetch. Gone in 6 days, it sold yesterday for $1.540 million. Why mess around with lengthy sales efforts when you don’t have to?

As has been noted here before, and said by other agents, it’s very hard to undervalue a property in Greenwich because, demand being so high, the market will bring it up to where it should be.