Bidding Wars

These are not HUGE price jumps, like the good old days, but given the market’s alleged “slowness”, it’s nice to see some enthusiasm, b’gosh!….

(All five of these closed within the last 30 days)

2 Grimes Road, Old Greenwich, asked $1,895,000, sold $1,905,000.
List: Daphne Lamsvelt-Pol Sell: Peter Janis

6 North Street, Old Greenwich, asked $1,595,000, sold $1,625,000.
List: Joe Barbieri Sell: Joe Barbieri

49 Sumner Road, Greenwich, asked $1,399,000, sold $1,405,000.
List: Robin Kencel Sell: Peter Rosato

100 Wesskum Wood Road, Old Greenwich, asked $1,195,000, sold $1,277,000.
List: Ann Simpson Sell: Jennifer Thomas

224 Stanwich Road, Greenwich, asked $1,000,000, sold $1,100,888.
List: Fran Unrine Sell: Tuck Keating

The Biggest Sale Of The Year

110 Field Point Circle, Greenwich, closed Monday at $48M.

And it’s only February! But at $48,000,000, the sale of the spectacular, nearly brand new house at 110 Field Point Circle, Greenwich, CT is sure to hold the record for the rest of the year.

The following are unconfirmed rumors:

Seller was hedge-fund genius, Chris Shumway, who packed up the family and the company and moved the whole operation to Florida…Nice going, Hartford, you scared away another HUGE taxpayer!

Buyer: A Greenwich couple (who have NOT been driven out of CT….yet)

Listing broker: Chris Finlay, Halstead Real Estate

Selling broker: Rob Johnson, Halstead Real Estate

Note: Town of Greenwich tax records show that State of CT conveyance taxes of $596,000 and Town taxes of $120,000 were collected, so you can figure out the sale price (which was undisclosed) by using either the Town tax amount or the State amount.

Like so:

State: .75%, up to $800,000 and 1.25% on amounts above $800,000. For this sale, the first $800,000 caused a tax of $6,000. The balance, $47,200,000 X 1.25% = $590,000. Therefore, ipso fatso! a sale price of $48,000,000.