All In The Same Town

Stop and think about what you actually get for your money in the Greenwich backcountry vs. the Old Greenwich/Riverside sections of town; you’d swear we were using different currencies, depending on where in town you buy…

Here’re a couple of examples: both these properties recently sold for around a million and a half, but what a difference, just in lot size alone! Yet, it’s the same number of US dollars, and I guarantee both buyers are perfectly happy with what they got and wouldn’t even consider swapping with each other.

14 Irvine, Old Greenwich, CT, closed at $1,538,888 (for that you got a nice little house on a sprawling .15 acres!)

14 Irvine, Old Greenwich, CT, has closed at $1,538,888. For that, you got a nice little house on a sprawling .15 acres (imagine a square that measures 80′ X 80′ !).

67 Sumner Road, Greenwich closes at $1,550,000. For that, you agree to live 8 miles outta town BUT, you get a nice big 5-bedrm contemporary on 4.87 acres, a pool, a tennis court, decks, terraces, 5-car garage, etcetera, etcetera, etcetera!

67 Sumner Road, Greenwich closes at $1,550,000. For that, you must agree to live 8 miles outta town BUT, you get a nice big 5-bedroom contemporary, 4.87 acres, a pool, a tennis court, decks, terraces, 5-car garage, etcetera, etcetera, etcetera!

14 Irvine

list: Marta Stroll

sell: Dorothy Salisbury

67 Sumner Road

list: Bettina Hegel

sell: Lee Prince

 

10 thoughts on “All In The Same Town

  1. Great post. I am enjoying it a lot. I’d love to see you with a radio show. Heard you on Simone. I know I have made a few faux pas myself, but I am on a quest to reinstate the word “are” to our vocabulary. Here’s a couple vs here are a couple…see below. I know you get it. Great Thanksgiving to you and your family. Best always, Diane

  2. Even more fun when you compare assessed value and taxes…. Obviously the recent attempt at normalization still has a way to go?

    Please keep up blogging. Your thoughtful posts are cool.

      • So… do you think our town will keep changing the balance of the tax burden? Think the backcountry house should see flat to decreasing taxes over the next 5-10 where Riverside and OG folks will see pretty serious increases?

      • D:
        The town taxes property owners on what the assessor’s office says a property’s worth, so yeah, if the backcountry section continues to sell for 50% less than close-to-town sections, that is the way it will be. “5-10 years” is a long way out, not possible to forecast, but if I HAD to guess, I’d say backcountry has already begun to regain its former popularity.

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