There are some great deals out there. 174 Putnam Park is one of them. This co-op in Putnam Park was originally listed for $530k two years ago and today finally sold for $345k. With 2 bedrooms and 2 full baths, this was a great opportunity to get into Greenwich.
We had 5 houses in Greenwich trade today. I'm not sure if this means much, other than people wanting to close before Christmas week. We have seen a decent amount of closing activity, but not much "to contract" activity.
It took a million dollar price adjustment and a year and a half of hard work, but 128 Butternut Hollow finally sold today. The house sold for $2.6m, which is well bellow the assessment and $1.325m under the original asking price.
I'm a big fan of North Mianus. Its a wonderful neighborhood with all of the standard Greenwich benefits (taxes, facilities, etc..). 11 Amherst sold today for $738k and I think that's a great deal. The design might be a little controversial, but you get a full 4 bedrooms, two full bathrooms, over 2,000 sqft of space and are now living in a great kid friendly (trick or treating) neighborhood. Excellent area for an entrance into Greenwich. The North Mianus area was built up after WWII; which is where all the street names came from and why you have lots of split level homes.
After an original listing of $2.55m in 2008, 11 Maher traded for $1.625m today. With nearly 3,000 sq.ft of space on one of my favorite streets I believe that this was a good buy.
It looks like 3 Greenwich families will be having a great Christmas.29 Sheephill - Cute house close to town with a large lot. Great entrance into Greenwich.50 Sumner - Back country Greenwich isn't for everyone (I used to love living there - grew up off John Street), but you can't argue with the opportunity to acquire 5 acres of property for $1.65m290 Riverside - Selling for nearly $1m less than what it traded for in May 2007, this is an unfortunate example as to what has happened to our market. Great house/location/etc..I'm of the belief that we are now witnessing the real Greenwich market/pricing and the last couple years were the exception. Yes, prices will move up over the next 5 years, but this time it will be at a more healthy growth rate.
It says something about a house and neighborhood when a home hasn't traded for over 50 years. I'm a big fan of buying homes that have been owned for ages. Why would a family stay somewhere they didn't like? Why would a family stay in a building that had problems - or how could they afford to do so.This was a great buy. Yes, the house needed some updating, but for those of you who are willing to re-do a kitchen and a couple bathrooms you can make out with a great home.Many buyers couldn't see past the ramp and kitchen of this home. Both of those can be fixed fairly easily. I congratulate the new buyers for making a great Holiday purchase. For $1.275m they got a wonderful home with nearly 1/3 an acre on an extremely quiet/private street south of the Old Greenwich town. Great buy.
The first sale in 2011 in Greenwich, CT goes to 21 Martin Dale North. The Greenwich MLS has reported a couple other transactions, but those actually took place in Dec 2010.21 Martin Dale North is a niced sized house (3,370 sf, 4 bedrooms, 3 full bathrooms and one half-bath) located in central Greenwich. It's actually pretty close to town, but doesn't have any of the traffic as it is a dead-end street.Originally listed at $2.495m almost a year ago, it traded for just under $2m at $1.975. This is still a lot of money for a 4 bedroom house, though you get 2009 renovations, a decent sized piece of property, North Street school, and an excellent location.