7 Dwight LaneHere's the house on Dwight Lane that's being sold via court judgment later this month. If you enlarge the first photo you'll notice that the house, built in 1986, has suffered from malign neglect. The original builder was on site and the auctioneer says that the man will "fix everything" for $100,000. Considering that that would involve, at a minimum, new siding, new decks, new electrical, new pool and God knows what else, that sum sounds suspiciously optimistic to me.
As did the auctioneer himself, who told me that his only problem was that he "only has one of these to sell". I questioned him on that and he assured me that $2.5 million was only going to be the starting bid and that he already had numerous buyers chomping at the bit. If he does, they almost certainly aren't from Greenwich because I can't believe anyone familiar with our town and this street's location would share the auctioneer's fevered enthusiasm.
Of course, he could have been shucking and jiving me - you think?
The grounds are nice, though. By the way, I just remembered what else needs replacement: the tennis court.
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4 comments:
Complete waste of time at the price the IRS guy states he's got multiple offers on. It's a knockdown - and the IRS Real Estate sales person is a typical government employee. I have multiple bids - trust me I'm from the government.
I, too, went to look at this house yesterday. It's a wreck. I had to throw my clothes in the washing machine afterwards to get rid of the smell of mildew. It's been vacant, near as I can tell (by the date on a magazine) for about three years. Trees are growing on the swimming pool cover. The deck is rotting away. Water damage everywhere, inside and out.
It reminded me of the Frankel houses on Lake Avenue (another auction sale). I am truly astounded that wrecks such as these are to be found in this town!
Bill, it is very much like the Frankel compound. I wrote about one of his former houses, 895 Lake Avenue, earlier this week. Also a contemporary, someone fixed it up and resold it (after having to rent it a few years because he over-priced it to begin with) for $3.1 million in 2006. It sold again last week, at a loss. A lesson there for anyone foolish enough to buy this dog?
ANONYMOUS said...
If the Irs has multiple offers on this house for over 2.5 million and it sells? I'm quitting my job as a realtor and asking the IRS to sell my house too! I would love the chance to work with such dumb buyers! It would be like selling used cars to the elderly, sounds like fun!
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