4 Old Round Hill LaneThis 15,916 sq.ft. stone/clapboard builder's spec. finally sold today (per contract signed Sept. 3) for $10,087,500 or
5 years ago
Tuesday, October 21, 2008
4 Old Round Hill LaneThis 15,916 sq.ft. stone/clapboard builder's spec. finally sold today (per contract signed Sept. 3) for $10,087,500 or
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11 comments:
Me! Me! Pick me! (waving hand in the air)
So, 9,000 square feet on, say Beechcroft (just for argument's sake), times $644 a square foot, equals $5.8 million.
To get to a $7.5 mil selling price, #25 would have to go for $835 a square foot - 30% higher than this one.
I am sure I will hear "the numbers don't work that way", but - the numbers are what they are. If you want to sell, it's 20% (not too overpriced) to 30% (very overpriced) off original asking.
CEA
Shhh! Don't tell Peter Janis - he'll only get annoyed (I will not mention that old adage about teaching pigs to sing here).
I always thought this house was worth hign $10's, so I don't think the new owner got a bargin, he paid what the house is worth.
You never got back to me about the yellow stucco, mediterrano style house with the big portico on North street (close to the merritt)is a spec or owner build. It is too big for the lot and doesn't look good.
Greenwich Diva
Chris,
correction , it comes out to 633 per sqft not 644..i'm sure that xtra 10 bucks would of made him happy considering it would of been 159,160 more toward sale price BUT
oh well.
Yes,I wasn't all that sure of the original price, although a similar one across the street had sold for somewhere in that ballpark a year or two before. But again, the market's turned.
A party? Certainly! It's just too bad I don't drink or I could drown my sorrows, but at least I'll have an excuse not to toast his success. I'm not sure where to find a McCain button but I will, and I'll wear it. But no, I'm not going to vote for "Plug" Biden - sorry.
Oh - yellow stucco house - I never got back to you because I know nothing about it [that hasn't stopped you from writing before - Ed.]. I'll check with Gideon, who knows all.
Chris,
the yellow stucco house is spec by builder..on market for high 8's.
he must know something we all don't know.
yikes, waaaaaaaay over priced, it's a big house, but it's ugly and doesn't fit Greenwich. Maybe California or Florida, but not Greenwich.
Was 515 Round hill sold or rented, if sold what was the selling price?
Do you report that houses that went to contract but never sold?Because a house under contract doesn't really mean anything if there isn't a reported closing. Isn't that what the builder on Thunder Mountain did with the biggest house on the street? The broker reported that it went to contract but it never sold (not sure what the status today is).
Greenwich Diva
Well I have seen this house and at the time thought they would never get 14 I also thought it would go in the 10s. The kitchen is long and narrow for a 10 million dollar house it did not have a great flow into the family room . I thought this is what killed this house, but then again how much cooking are they going to do maybe the chef is stuck in there.
I don't know about Round Hill Road - I'll look it up tomorrow. Usually contracted houses do go on to closing but not always. Thunder Mountain did sell - the problem there was that the listing broker, Greenwich Fine Properties, filed a sales report with our MLS with a price of $7 million plus then admitted that it had been sold only partially finished, for about $3.5 but "the builder estimates that, finished, it would be worth $7.5". I called them out on that in my column and they were infuriated, but the Board did send out a "clarification" (I thought it was pretty clear without any clarification) that "sold price" meant what someone paid for it, not what the seller estimated it would have sold it for had he finished the place.
I just drove by the house on ROund Hill road, the address is 551 not 515
Greenwich Diva
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