Greenwich Bargain Of The Year?

1141 King Street, Greenwich, CT, asking $2.250M, bargain of a lifetime?

1141 King Street, Greenwich, CT, asking $2.250M, bargain of a lifetime? (click on photo to expand)

19.14 acres of pastoral Greenwich meadow for a lousy $2,250,000? Sure, it’s close enough to Westchester’s adorable little airport that you could count empty seats on the commuter jets flying overhead, but still, take a look at the aerial views, this is beautiful land!

Besides the airport, you’re also mere steps away from some of the best golf courses on the east coast, and two of Greenwich’s finest private schools. This is a bargain. You said you wanted a bargain? Here it is, go buy it.

Note: It’s listed by Jean Ruggiero at Real Living, but I can’t pick it up on their damned web-site!

Brand New And Still Available

11 Cove Road, $11.750M, came on today, builder/agent Mark O'Brien's latest. O'Brien has done very well in the spec house biz (and even the vodka biz...) Listing: Greenwich land Company.

11 Cove Road, $11.750M, came on today, builder/agent Mark O’Brien’s latest. O’Brien has done very well in the spec house biz (and even the vodka biz…) Listing: Greenwich land Company.

Reader “Riverside Dog Walker” wonders how many brand new houses are already sitting on the Riverside/Old Greenwich market, not finding buyers.

The answer is fourteen, but of those, only five could be accurately described as “sitting” on the market, which I define as at least six months. The other nine have either just hit the market, or came on fairly recently.

Still, that’s a lot of un-sold inventory, and, as we have recently learned, there are plenty more coming soon to a street near you!

Click link below to see the current inventory:

All the new houses for sale, Riverside and Old Greenwich

Coming Glut Of Riverside Spec Homes?

This 1950's beauty (hint of sarcasm) is no longer with us. it has been replaced by a VERY LARGE spec house. To be priced at what? $5M? $6M? Higher?

234 Riverside Avenue, before. This early-1960’s beauty (hint of sarcasm) is no longer with us. it has been replaced by a VERY LARGE spec house. To be priced at what…$5M? $6M? Higher?

Could we soon have a glut of $5M+ spec homes right here in River City? Maybe, maybe not. It really depends on how they hit the market. If it’s all at once, that’s bad. If they dribble out one at a time, that’s better (and of course, like it or not, some of them are going to end up on the rental market).

In any case, there are a bunch on the way. On Riverside Avenue alone you’ll find at least four that will hit the market soon. Then there’s a couple on Hidden Brook, two more on Bayside Terrace, two on Lockwood Road,  one each on Lake Drive South, Winthrop, Summit Road, where else? Anyway, that’s about thirteen…

Here are eight Riverside sites about to come back on the market.

Prez Obama Responds To The Next Terror Attack

President Obama, delivering just one of ten condolence speeches for future terror attack victims.

President Obama, delivering the first of ten condolence speeches for future terror attack victims.

Friday, July 15, 2016. Washington, D.C. In anticipation of at least ten more major Islamic terrorist attacks during his remaining time in office, President Obama today took the unusual step of pre-recording condolences speeches for each attack.

Mimicking the methods of television game shows, which record multiple episodes in a single day, the President wore different outfits for each speech, and limited his remarks to his usual platitudes about “bringing these perpetrators to justice”, “our hearts go out to the (future) victims”, and everyone’s favorite., “This has nothing to do with Islam”.

After the speeches, the President briefly spoke with reporters, taking issue with the website “TheReligionOfPeace.com” and its posting of the hundreds and hundreds and  hundreds of horrific Islamist attacks world-wide (http://www.thereligionofpeace.com/terror-2016.htm).

“The notion that listing all the attacks carried out so far this year, the number of victims, and the way they were murdered, does anyone any good is just wrong. All it does is attempt to distract us from the real threats we face, like climate change and police misconduct”., the President said.

 

The 196th day of the year

Belle Haven's Byram Drive, this year's top finisher so far.

Belle Haven’s 46 Byram Drive, sells for $14M, making it this year’s top finisher so far. List: BK Bates Sell: Ted Thaxter

Yep, day 196, aka July 14th. So how’s the market? Most Greenwich brokers would say “Swell”, or words to that effect. So far this year we’ve had 539 separate deals, a very good number to have reached for this date.

The weak spot, the fly-in-the-ointment, the Ethiopian in the fuel supply (WC Fields) is the super-high end. $9M+, we’ve had a grand total of 4 properties sell. That is exceedingly low, the only consolation being that New York City’s ultra-high stuff isn’t selling either.

So for Greenwich, the market up to $3M is particularly strong, after that, it begins to taper off.

Here are this year’s four high-end sales: The Magnificent Four

Tribute To Gorbachev?

What a strange thing to put on your car!

What a strange thing to put on your car!

Bumper stickers all over town are copies of Gorbachev's birthmark!  So, by the way, is this obscure archipelago off the Siberian coast, called "Durak Aprel"...

Bumper stickers all over town are copies of Gorbachev’s birthmark!
So, by the way, is this obscure archipelago off the Siberian coast, called “Durak Aprel”…

 

When Ronald Reagan was president, he had the good fortune of having Mikhail Gorbachev come along as the last leader of the Soviet Union. Gorbachev, unlike the previous thugs, criminals, and assorted murderers who terrorized the region for 60+ years, decided he wanted to try something new, correctly sensing that a top-down, central-controlled economy is…a complete disaster!

Anyway, the point is, everybody loved ol’ Gorbachev, right? But why, oh why, do Greenwich residents feel the need to pay tribute to the guy? I refer, of course, to the mysterious Gorbachev wine-stain birthmark stickers you see on the backs of many Greenwich vehicles.

If you really must memorialize someone this way, I recommend a nice sticker of Ronald Reagan riding his horse, how about that?

Here's yer damned bumper sticker!

Here’s yer damned bumper sticker!

Tracks & Trucks: How Much Would YOU Pay?

9 Miltiades Avenue closed at $3,187,500. Pronounced mil-TIE-ah-dees, the street is named after the Athenian general who defeated the Persians in the Battle of Marathon, 490 BC, but you knew that!

9 Miltiades Avenue closed at $3,187,500. Pronounced mil-TIE-ah-dees, the street is named after the Athenian general who defeated the Persians in the Battle of Marathon, 490 BC, but you knew that!

10 Cobb Island Drive closes at $3,300,000. Technically speaking, this place is separated from Route 95 by a smidge of land owned by neighboring Putnam Indian Field School (which is a damn fine nursery school!) but let's not be picky about this.

10 Cobb Island Drive closes at $3,300,000. Technically speaking, this place is separated from Route 95 by a smidge of land owned by neighboring Putnam Indian Field School (which is a damn fine nursery school!) but let’s not be picky about this.

The record price for a category of Greenwich real estate called “backing up to the train tracks or route 95”, has jumped again.

What do you suppose the record is? $500,000? $1,000,000? Nope, in fact, for trackside living, the new record is $3,187,250 and for cheek-by-jowl with the thru-way, how’s about $3,300,000!

And before you say “What were these people thinking!”, I must tell you these are two really, really nice houses. A few streets away you can spend the same amount and get far less house for your money, so it all comes down to what’s important. And I have long observed that, despite all that “location, location, location” stuff, ultimately, most buyers buy the house, not the location.

MLS Link to the above properties