Wow. “Gone in sixty seconds” (or whatever that stupid Nick Cage movie was called). In this case, more like 15 days. 55 Otter Rock Drive, in Greenwich’s Belle Haven section. Listing broker Christopher Finlay.
183 Byram Shore Road , listed at $12,495,000, took all of 28 days to get a deal. It’s a 1985 (probable) tear-down on 3.84 acres in the 1-acre zone, divided into five grandfathered lots.. I find that this street always surprises brokers because, though it is second only to Field Point Circle in waterfront prices, it is nevertheless considered “inferior” to that famous street for a variety of possible factors like…. Thru-way noise? Lack of guarded/gated entrance? Proximity to Port Chester? Who knows. In any case, it offers absolutely spectacular waterfront for a slight discount from what you might pay to be off the Belle Haven peninsula.
Waterfront is clearly on a tear this quarter. This makes SEVEN deals for $5+M so far.
That link above provides details for all of these properties:
46 Carriglea Drive
21 Shoal Point Lane
55 Binney Lane
183 Byram Shore Road
545 Indian Field Road
20 Rocky Point Road
60 Oneida Drive
Total of asking prices for these seven properties = $76,510,000.
Sorry, the past week’s activity was somewhat complicated. Please hold whilst I add things up….
A common refrain from the loony left and the loony right is “There’s no difference between Democrats and Republicans!”. Perhaps true many years ago but now, both sides have retreated to the edges. Your average Democrat is much further to the left of the political spectrum than, say, Hubert Humphrey, and an average Republican is certainly further to the right than a Gerald Ford or George HW Bush.
Here in Connecticut, a clear difference can be seen, for instance, in the debate over gasoline taxes. We have the highest gas tax in the country, now about 67¢/gallon (combined state 49¢, federal 18.5¢) and heading higher, yet Hartford Democrats cannot bring themselves to allow anything but a temporary cut. This is a party-line vote, pure and simple; Repubs wanna cut, Dems say no.
And so, each year, Hartford Democrats will raise taxes. Each year, more businesses will either move or fail to locate here to begin with. State revenues will fall, and the call for higher taxes will continue. This is called a “death-spiral”. Ask Detroit, they know all about it.
So how much do those evil oil companies make on gasoline sales? Exxon/Mobil makes a whopping 2¢/gallon profit* on the sale of gasoline. Hartford politicians pull in over TWO THOUSAND FOUR HUNDRED PERCENT more per gallon than the companies that actually have to go out and drill for it and deliver it. Disgusting? You bet.
*A typical canard is to take the overall oil industry profit margin of 8% and multiply that by the retail price of gasoline. At the very least, you should use the wholesale (pre-tax) price of gas for that calculation, but in addition, oil companies make a higher percentage on some parts of their business than others. The sale of retail gasoline does not generate an 8% profit, it is far less.
I know what yer thinking…great to have the town relatively traffic-free, 90-100 fewer giant SUV’s jockying for spaces in front of Whole Foods, etc., but dammit, I miss those private school folks. Things’r slow and Gid’s not happy…
Today’s Accepted Offers (all three, big wup)
One tid-bit of good news is broker Alice Duff (must I add, “as usual”?) has reported Accepted-Offer on her listing at 272 Riverside Avenue
. This is a big, really nice house built by Mark Strazza that’s been inexplicably sitting around since mid-Feb. Now it has a deal. Hip hip…!
You know I don’t usually brag, I find it unattractive, but a few months ago, I set a goal of doubling my readership in Chile and today it’s happened*, even faster than I hoped. So I want to take this moment to congratulate my readers, my well-paid staff, my style consultant, and of course, my amigos cercanos in the Republic of Chile. Gracias, mis amigos Chilenos!
* According to WordPress “site stats”, I no longer have one Chilean reader, I have two.
Despite my bon vivant, devil-may-care, Jaguar-driving appearance, I do actually have to sell the stuff once in awhile so I can fufill my primary purpose in life, providing tax money to politicians to buy votes with. So I’m thrilled to announce the sale of 69 Riverside Avenue.
It’s a nice little updated farmhouse located down a long driveway, across from Buxton Lane. Town of Greenwich “field card” says it presently has 2,136 square feet and, according to the (stupid, arbitrary, value-damaging) FloorAreaRatio regulation, you’re “allowed” to build 5,488.56 square feet EXCEPT, they won’t let you use the square footage of that driveway access in your calculation.
But the property is still so way oversized (17,424 sq.ft. in the 12,000 sq.ft. zone) that, one way or the other, you can do a lot of expanding.
Listing broker: Yours truly.
Selling broker: Joan Smith
Yes, by gum, they are! Here are the 13 sales that have occurred since September.
Note: When you click on the link and look at these listings, you will see the word
“status” just below the photo. The ones that say “sold” will have the sale price revealed at the bottom. This is so easy!
Hmmm, this is getting dashed tricky. Nervous brokers continue to bypass the “accepted offer” designation and choose, instead, to wait until contracts are fully signed (or, in extreme cases, like 46 Carriglea Drive, the listing just shows up as “sold”, having skipped both “accepted offer” and “executed contracts” status).
So for me to keep track, I have to review not just the accepted offers, but the executed contracts, and even the solds, to give you an accurate count of actual new deals.
With all that said, here are today’s 12 deals (minus this one multi-family deal; the MLX format can’t display multi-family, land, or rental listings on the same list with single-family, don’t ask me why).