Hendrie Avenue, Riverside, CT: New Record Price

Yep, it’s not just Riverside’s Club Road that shows no effects from the real estate “crash”. Hendrie Avenue, which starts at Riverside Avenue, winds past Eastern Middle School and Riverside Elementary School, and ends at Old Greenwich’s Binney Park, has a new record price of $4,100,000.

Here’s the listing:  16 Hendrie Avenue.

Listed:  Linda Collins

Sold:  Patte Nusbaum

A client of mine bought on Hendrie in 2008 for the then record price of $3.8M.  A few months later, a nearby property sold for $4,050,000.  Recently, that client asked me, “How much am I down?” I told him, forget down, you’re probably up! Ahh, Riverside.

4 highest prices on Hendrie  (one of these has the official address of “1 Bramble Lane”, but it fronts on Hendrie Ave).

House illustration by Gideon Fountain client Kathy Blakemore.

16 Hendrie Avenue sells for $4.1M, new street record.  Did someone mention a real estate crash?

16 Hendrie Avenue sells for $4.1M, new street record. Did someone mention a real estate crash?

13 thoughts on “Hendrie Avenue, Riverside, CT: New Record Price

  1. Gideon, what do you think is going on in Riverside? Is there a bubble? what sort of buyers are buying these $4m houses? Your brother clearly thinks this is all a disaster waiting to happen. What are your views?

    • Fred:
      In thinking over this Riverside phenomenon, it seems to me that it may just be a question of price. There is apparently an adequate supply of $4M buyers, but not enough in, say, the $5M-8M range. Because of larger lot sizes in other parts of town, bigger and more expensive homes were built, with the expectation of selling them in that higher range, but those buyers no longer exist, so down come the prices.

  2. Riverside is the place to be. Doesn’t Susan Glendon live on Hendrie?

    Robert G. Kiely

    Sent from my iPad

    On Dec 13, 2012, at 6:54 AM, Greenwich Bored And Razed wrote:

    WordPress.com Gideon Fountain posted: “Yep, it’s not just Riverside’s Club Road that shows no effects from the real estate “crash”. Hendrie Avenue, which starts at Riverside Avenue, winds past Eastern Middle School and Riverside Elementary School, and ends at Old Greenwich’s Binney Park, has a”

  3. 12 Druid sold for $2.9million in October, up from $2.825million in ’08. There is clearly a demand for a newish construction.

  4. Love it when a listing has a floorplan – and this is a good one. Rarely see side-entry garages these days. Really requires a wide lot. These guys will enjoy this house – regardless of one’s opinion of value.

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