156 Chestnut Hill Rd – What next for this Old Gal?

156 Chestnut Hill Rd – Wilton,CT is back on the  market for $1,099,000. Owner: The Wilton Bank


I am not the listing agent, but here is a recent history of 156 Chestnut Hill Rd


2002 – Sold for $950
(As an option, they had packaged the barn and home separately – $795,000 for the home below and $595,000 for the barn on 3+ acres)
but it sold with both buildings and property


then…2005 – Builder #1

Restored Stately 6 Bedroom Colonial on 7 pastoral acres with Barn 

156 Chestnut Hill Rd – Wilton, CT

And this WAS virtual tour of the home  – beautifully presented by The Higgins Group – had been listed for $2,495,000

http://homesite.obeo.com/Viewer/Default.aspx?tourid=332748&RefURL=http%3a%2f%2fwww.google.com%2fsearch%3fclient%3dsafari%26rls%3den%26q%3d156%2bChestnut%2bHill%2bRd%2bWilton%2c%2bCT%26ie%3dUTF-8%26oe%3dUTF-8

…then Builder #2 bought it in 2007 for $1,850,000
  • He demolished the barn – that had been an income producing property
 so cute! bye bye 

  • Pool – gone
  • Subdivided into 3 parcels,  approximately 2 acres each – with the middle property line extending into the existing home’s backyard view
  • The septic for the home was actually on the middle lot – so a brand new septic has been installed
  • Builder #2 listed the main home and (2) land parcels, with no bids – last list price for the home was just over $1M. The (2) other lots were listed at approximately $799 each
  • Builder #2 rents the property for a couple of terms because he cannot sell the property 
…foreclosure spring 2010
  • Bank owns the property
  • Present renters are paying the bank
  • Bank sells lot #1 for $499 7/27/10
  • Bank sells lot #2 (middle) $460 12/23/10
…this was the backyard photographed last summer 2010 – most of the property beyond the stone wall now belongs to the middle property where a home is in the process off being constructed

What next?













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