136 Cat Rock Rd revisitedI mentioned yesterday that this renovated house finally went to contract last week at somewhere south of its last asking price of $1.995 million, down from an initial asking price of $3.4 back in January 2006. What I failed to point out was that the builders/sellers bought the place way back in November, 2003 for $1.4 million and spent the intervening years adding on, building a new septic field, etc. That's a long time and a lot of sunken money for such a paltry return. Watch out where you "invest".
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7 comments:
Chris - one would hope that someone in the real estate industry (such as yourself), would at least try to promote an optimistic point of view. It's in the best interest of all of us, including the buyers.
Can't speak for Chris, but I think he gives a pretty realistic assessment of local real estate. Would you like a little cheese with that whine...
anonymous at 1:41:
I have the PERFECT publication for you to read! The Greenwich Citizen always has positive things to say about the real estate market in Greenwich.
I prefer my information unvarnished, thanks.
These last two must be alot of fun to talk to at a cocktail party.
My office voted and we all agree that you should rename this blog "The Grim Reaper Gazette".
I'm already a member of the Greenwich Coven of Blackguard Bloggers but "Grim Reaper.com" does have a certain ring. I'll see if it, or a variation thereof, is available.
To: Anonymous said...
My office voted and we all agree that you should rename this blog "The Grim Reaper Gazette".
Are you and your office mates in LaLa Land? This is reality. I am certain when the news is no longer grim, Chris will report it as such. LaLations may want to refer to the Greenwich Post for bed time reading.
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