Maybe “lose a fortune” is a slight exaggeration. Though we’re talking about hundreds of thousands, even millions of dollars here, this is Greenwich, after all, so the losses probably weren’t devastating to the people who suffered them, but they had to hurt.
And standing by to make matters worse, CT’s fun-loving Governor Malloy and his Hartford cronies were only to happy to collect multi-thousand dollar CONVEYANCE taxes on these sales, despite the sellers’ huge losses. So that just makes it perfect, doesn’t it.
Below, some of the more egregious recent examples of the difference between selling then and selling now…
Click on the link to see the property listing before & after, sales date and price revealed at bottom of each listing.
78 Doubling Road, before/after ($8.6M…5.6M)
26 Mohawk Lane, before/after ($7.5M…5.2M)
101 Brookside Drive, before/after ($5.995M…4.475M)
15 North Street, before/after ($4.550M…3.9M)
2 Parsonage Road, before/after ($3.684M…3.450M)
23 Chieftans Road, before/after ($3.050M…2.4M)
96 Riversville Road, now/then ($2.550M…2.399M)
82 Glenville Road, now/then ($3.00M…2.350M)
17 Sherwood Avenue, now/then ($3.150M…1.680M)
And there are many, many more like this, in every town in Connecticut and beyond. There’s an economic “recovery” going on, but it’s a weak and pathetic one.