Tracks & Trucks: How Much Would YOU Pay?

9 Miltiades Avenue closed at $3,187,500. Pronounced mil-TIE-ah-dees, the street is named after the Athenian general who defeated the Persians in the Battle of Marathon, 490 BC, but you knew that!

9 Miltiades Avenue closed at $3,187,500. Pronounced mil-TIE-ah-dees, the street is named after the Athenian general who defeated the Persians in the Battle of Marathon, 490 BC, but you knew that!

10 Cobb Island Drive closes at $3,300,000. Technically speaking, this place is separated from Route 95 by a smidge of land owned by neighboring Putnam Indian Field School (which is a damn fine nursery school!) but let's not be picky about this.

10 Cobb Island Drive closes at $3,300,000. Technically speaking, this place is separated from Route 95 by a smidge of land owned by neighboring Putnam Indian Field School (which is a damn fine nursery school!) but let’s not be picky about this.

The record price for a category of Greenwich real estate called “backing up to the train tracks or route 95”, has jumped again.

What do you suppose the record is? $500,000? $1,000,000? Nope, in fact, for trackside living, the new record is $3,187,250 and for cheek-by-jowl with the thru-way, how’s about $3,300,000!

And before you say “What were these people thinking!”, I must tell you these are two really, really nice houses. A few streets away you can spend the same amount and get far less house for your money, so it all comes down to what’s important. And I have long observed that, despite all that “location, location, location” stuff, ultimately, most buyers buy the house, not the location.

MLS Link to the above properties

6 thoughts on “Tracks & Trucks: How Much Would YOU Pay?

  1. That is amazing on both counts. Militates…at least your kids can walk to Riverside and EMS…and Ada’s. But $3m to live on the tracks…nothing surprises me in town anymore. It’s a great looking house so I can’t argue that it was a bad idea based on the current Riverside market.

    The Cobb Island House has a little buffer from the highway according to google maps. Not much but at least a few trees and a building or 2. And Dan’s Pigeon Exchange is right next door.

  2. I don’t really get why someone would move to a beautiful town like Greenwich, only to live within spitting distance of one of the biggest highways in the country or on the train tracks. And to pay over $3 million?! Why not just live in Manhattan if you want constant noise?

    • Z:
      Your Manhattan example is instructive; the city is indeed noisy yet people pay MILLIONS to live there. It all depends on your tolerance. Also, in these two cases, both properties are extremely convenient to everything. For some people, that’s the most important factor.

      • People do pay a fortune in the city, BUT they are living in a city, and thus noise is part of life. Greenwich is a peaceful suburban town!

  3. “A few streets away you can spend the same amount and get far less house for your money, so it all comes down to what’s important. ”

    So which such streets away inquiring minds want to know. North or west?

    • Anon:
      Oh, come now, this isn’t so hard! When I say “a few streets away”, I refer to, oh, Club Road, Lake Drive South, Pinecrest, any of those! The house in question, 9 Miltiades, was EXTREMELY nice, but its selling price of $3,187,250, a record for the street, certainly reflects the presence of train track proximity. The same house on nearby Pinecrest would likely fetch $1M more.

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