126 Cat Rock Rd.This house ML# 70557 sold for $3,595,000 in June, 2001. It came back on the market in July of this year for $4,150,000 and was lowered 5% today to $3,950,000. Even if it sells for this new price, that's only a $355,000 "gain" (before commissions, taxes and all the other inevitabilities) or 1.4% per year for seven years. Gives a new perspective on how the market has appreciated, eh? And, of course, it hasn't sold yet.
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That is a beautiful picture - Chris - I like that house - thanks for posting it.
Have a nice weekend to you and all!
Your fellow Greenwich residents seem to dispute the return to 2001/2002 prices when I report your considerations.
"My house is certainly 'worth' more than what I bought it for in 2001".
Is this sure knowledge or wishful thinking on his behalf? Should I stick to that formula before I start parting with my money?
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