Sloppy Seconds or Golden Opportunity? Bank Owned 28 Brynwood Lane – $2,650,000

Saw this today for the 2nd time during Broker Open House

Unfinished and sold as is at $220 SF –  there’s lots of room to wiggle, since many homes in the area range in price from $650 – $1000 SF – and a lot of the heavy lifting has been done – approvals, foundation, stone work, roof and some mechanicals – however there is 12,000 SF to finish

Challenge is the proximity to the Merritt…one would want weigh having one of the most expensive houses on the block with the worse location

I first saw this house at the beginning of 2010 – it looked as though the builder had been chased off the property – he left pieces of equipment, staging and building materials everywhere. It was a big open mess, with few if any windows installed at the time…

From what I’m told,  the liens are satisfied and that the bank owns it free and clear…

It was last listed for $3,850,000 reduced to $2,999,000 – that listing expired early June 2013

There are only (4) 12, 000 – 13,000 SF single family homes, with similar acreage that are presently active on the Greenwich MLS. One sold this year: 516 North Street for $7,500,000

   Actives – the least expensive being 1068 Lake Ave offered at $4,799,000 (on/off the market since 2008), 15 Knollwood Dr $9,750,000, 11 Hedgerow Lane $7,650,000 and the most expensive being 18 Parsonage Rd offered at $12,250,000

28 Brynwood Lane – Bank Owned – Not finished – AS IS
Slate Roof, Quality Stonework

Some Millwork Included
The conservatory


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