Riverside Tear-Downs

58 Club Road, great old house, damn shame but it's about to enter the dumpster. Asked $3.295M, got $3.5M.  This sold months ago. Click link below for the latest two.

58 Club Road, great old house, damn shame but it’s about to enter the dumpster. Asked $3.295M, got $3.5M. This sold months ago. Click link below for the latest two.

UPDATE: I forgot to add my conclusion, namely, an over-sized Riverside parcel in the R-12 zone now easily fetches $2M+. That’s too high for builders to make money, so these lots are surely being bought by end-users.

Since so many properties in this town are sold for land value only, it’s useful to keep track of recent sale prices of houses that sell and soon thereafter have “DEMOLITION” signs put up in front of them. That removes any doubt about where the buyer thought the value lay.

So here’re two that have signs in front of them right now.

Two Riverside tear-downs

Note: when you get to the linked site, click on the property address for the full description (added bonus, you get to see a picture of me, dressed like a Century-21 agent)

Note Note: Click “no thanks” if you don’t want the Houlihan Lawrence “app” (but it is truly useful, I assure you).

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5 thoughts on “Riverside Tear-Downs

  1. The Bored and Razed blog lives! On topic, however, sorry to see the French’s house go to the dumpster. I know, Gideon, that you remember that nice family whose property was contiguous to the Fountain estate.

  2. Why so quiet lately?

    I enjoy your emails/ newsletter.

    Bill

    William C. Montana
    Senior Managing Director
    Savills Studley
    399 Park Avenue
    11th Floor
    New York, NY 10022
    t (212) 326-1081

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