18 Sherwood Farm Lane, a very nice house built in 2001 on the Rockefeller land in Glenville, has gone to contract just two weeks or so after being listed. What impresses me is that (a) it wasn't brand new construction and (b) any sign of market activity in this price range $5,400,000 is always welcome.
53 Park Avenue South, on the other hand, has been reduced again and is now asking $2,295,000, a steep drop from its January listing price of $2,777,000. I liked this house and said so when it was first listed, but its failure to sell serves as a cautionary lesson: don't over-customize a house to your idiosyncratic tastes (this one was built as a modern Victorian, with garish or authentic, you take your pick-colors), don't build a three-bedroom house in Old Greenwich, where buyers expect a minimum of four, and add a family room. This house is ideal for a couple; most buyers in Old Greenwich have a passel of kids.
1 year ago
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4 comments:
Could be the ugliest house in Old Greenwich
Agree with previous post - it is the ugliest house in OG. Quirky homes like this one will always sell at a discount to its comp. because the market (a couple with no children and eclectic tastes) is tiny (at least in OG). Plus, if you buy it, you'd have to worry about trying to sell it years later.
Please read the comment above!
by "worry about trying to sell it years later." i assume that the 1.50pm poster means finding another couple w/no children AND they have the same ecletic taste. great point. i read something similar about putting in a pool. by doing so, you ve reduce your market b/c some parents dont want the danger of their kids drowning.
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