The House You Grew Up In Will Be Torn Down

My friends, the Harts, and before that, the Peards owned this old classic. Sold for $2.050M in 2014.

5 Indian Head Road, in the good old days. My friends, the Harts, and before that, the Peards, owned this old classic. Sold for $2.050M in 2014.

5 Indian Head today...

5 Indian Head today…the property is .54 acres in the R-12 zone, so you’re allowed 7,409 square feet. This new house will be over twice the size of the old.

Is there any doubt whatsoever? Not in Greenwich (or Beverly Hills, for that matter). Nope, sorry, but the land is the thing around here, that is primarily where your value is, particularly if the house was built before, say, 1980. So really, nearly every house in town is considered, er, replaceable.

This is not necessarily a bad thing. If it’s happening in your town, it means people want to live there, badly! Detroit, Newark, most of Vermont? Not so much. Friends of mine bought a vacation home in Vermont 21 years ago for $225,000 and sold it last year for the same amount! I guarantee that house won’t be torn down.

So if you live in Tear-Downville, count your blessings.

My grandfather's house in Beverly Hills, before it was torn down by Elton John!

My grandfather’s house in Beverly Hills, before it was torn down by Elton John! Do you see me crying?

 

3 thoughts on “The House You Grew Up In Will Be Torn Down

  1. Well, you’re right. The house I grew up in was torn down. And it was replaced by something awful. Now it breaks my heart to drive down that street. Every time I see a historical treasure being razed it makes my stomach hurt.

    • Some:
      I agree. I’m all for property rights, which are the foundation of a free society, BUT…it is nevertheless sad to see neighborhoods become architecturally boring and homogenous.

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