20 Chieftans
Another example of the death by a 1,000 cuts. This house was originally listed in February, 2007, for $4.350 and has dropped in price, slowly, ever since. Today it was reduced another 8% to $3.5 million, or 20% from its original price. The sellers aren't my clients and certainly don't want or need my advice but as an object lesson, it's hard not to conclude that it's better to cut deeply, all at once. I'll bet a surgeon would agree.
Posts
4 comments:
Only $3.5 million to live in the landing path of a hundred or so corporate jets a day?
Where do I sign...?
Chris, could you remind us lesser beings of the history of the Chieftans? I know it was the former Gimbel estate, but who developed it, over what time period and what were the original selling prices, what is the build quality, how have the resale values been (prior to the meltdown)?
I never fully understood why anyone would plunk down that much money for a house in an neighborhood oriented towards Westechester but the place must have some redeeming qualities?
Chieftans - Alva Gimble created a beautiful spot.
The original developer died before beginning his project. John Ferari took it over.
John Ferari built good houses but there were some screwy sales, especially at the beginning of the sales effort (10 plus years ago?).Ex - Famous baseball player custom finished a unit and sold it before moving in. His buyer paid an extremely inflated price. Hard to generalize about prices - lot and house sizes vary, some have over an acre and pools, others don't.
I think sales had followed the market until the collapse. One of Greenwich's highest earning Realtors sold many of the houses at Chieftans, some more than once.
Plusses - Beautiful setting - acres of conservation land - gated, with excellent security if that's your thing. Residents are interesting group, with some under the radar "biggies". Convenience of Westchester Airport if you fly corporate, close to B'wick & Sacred Heart, and the Merritt, without Merritt noise.
Minuses -
Airport,though the bigger houses backing up to Sherwood aren't as affected. Who knows, with all the new FAA changes, we all may be buying earplugs.
Glenville isn't the golden triangle or circle, or any other golden shape, so those Wickie moms may have a problem.
A few years ago there was a great house on the market, right at the beginning of the drive. It was beautifully decorated, tasteful, warm. Fantastic views over the trees, and the sellers read books! There were real tomes on the library shelves, and books on tables-that were being read! Didn't see too much of that when touring open houses back in the day.
Great Comments - When the time comes to buy another house - I will ask for all comments - positive and negative - on the property I'm considering to buy - here - in Greenwich, Ct. Thank you for the great service to us all - Chris - and thanks to all who post - I've certainly learned a-lot from all of you!
Post a Comment