How to make a small fortune in Greenwich real estate? Start by paying a large one
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15 Boulder Brook Road, purchased for $2.725 million in 2007 ($3.241 in current dollars), and last asking $1.995, is under contract.
Old style houses just aren't commanding decent prices these days
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A shave and a haircut before listing would probably have been a good idea
24 Pecksland Road, asking $2.3 million, reports a contingent contract; it started at $3.4 million back in 2015. Purchased in 1992 for $1.6 million ($2.813 in current dollars) by a now-deceased Austrian (?) prince — a VW executive, anyway — the royal style is no longer in vogue, and neither is Pecksland Road. Bad combination.
Oh dear. No, no, no!
Old Greenwich contract on Ann Street
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21 Ann Street
21 Ann Street, 2002 construction that started in September, 2016 at $5.2250 and still priced at $4.750, reports a contract.
Not my particular cup of tea, but the quality is there, and sales like these are helpful for the rest of us agents, because we can add them to our inventory of comparable sales. I'm working with clients right now who, while in this price range, are balking at the asking price of a particular house, which they otherwise like. So far, I've agreed with their assessment and now, armed with this sale of a larger, new house, I can reaffirm their judgment.
Whether that will help in getting the sellers of the house we're interested in to change their minds is dubious —"but my house is different" is the universal cry of home owners when confronted with reality — but with luck, other potential buyers will make a similar comparison and hold off, giving the owners time to bring their price down to a level where I can sell it.
Unless these belong to just one stager, shuffling her inventory around, I may have to start labelling these things "The Stool" — they're showing up with surprising frequency in new listings
