39 Church Street, Greenwich, CT is for sale (or not) at the bargain price of just $509,900 (or maybe $674,200, depending on which listing you look at).
This happens all the time: A client e-mails you a listing and says, “Hey! Why haven’t you shown me this one?” They usually find these mystery listings on one of the many alternative MLS systems out there. There’s a legitimate one called the CMLS, but I keep hearing about listings on the “CT MLS“, which supposedly carried this 39 Church Street charade (I eventually found it by Googling the address).
But never mind all that, the fact is, either of those asking prices is hundreds and hundreds of thousands less than the property’s actual value. Add to that the fact that the Gabriele family (of the adjacent Gabriele’s Restaurant) owns practically the whole block, with no plans to sell, and the whole thing sounds fishy, does it not?
So I called fellow broker Lisa Gabriele, and she said she’d never heard of it (and yeah, no, the family isn’t planning on unloading any properties at half price, darn!)
So that leaves the question, what is this? I left a message for the purported listing broker, “Jonathan Grabarz” (of Hamden, CT!) but haven’t heard back. All very weird, but the Internet is absolutely full of stuff like this; properties advertised as seemingly for sale, but aren’t really. So what’s the motive? Who benefits from these faux listings? Inquiring minds want to know!