Reported as pending 7 days after being listed, I think we can assume this one is going for above-ask
/500 Valley Road, Cos Cob, was priced at $3.295; we’ll have to wait until it closes to learn the final price.
The owners paid $940,000 for an existing 1969 house on this property in 2021, razed it, and built new. A perfectly sound decision, given the rapid rise in land values, but I still shake my head, a little, to see 1960s-1970s houses turn obsolete so quickly. It’s understandable: a lot of these houses sold in the $100,000-$150,000 range back then, and their size and quality of build reflected the economics of a builder’s budget for that price range. Things change.