AUCTION – 160 John Street – Backcountry Greenwich October 15 – Opening Bid $1M – A bit of a gimmick

It will most likely take $17,000,000 to get the prize…
160 John St
The list price prior to the auction listing, was with David Ogilvy for $28,500,000 for the entire property…the current owner has packaged and re-packaged this property in various ways…after buying it for $16,199,820 in 2000.

EQUESTRIAN DREAM

A CASTLE FOR YOUR EQUINE FRIENDS

Catherine C Lawson – TREGARGUS HOLDINGS LTD transferred the following at the beginning of the year to the current “owner” 160 Owner LLC….

160 John Street Lot 1 — 160 John Street, LLC to 160 Owner, LLC, $13,625,365.89 warranty deed.
160 John Street Lot 2 — 160 John Street, LLC to 160 Owner, LLC, $1,107,780.51 warranty deed.
160 John Street Lot 3 — 160 John Street, LLC to 160 Owner, LLC, $774,040.35 warranty deed.
160 John Street Lot 4 — 160 John Street, LLC to 160 Owner, LLC, $788,219.91 warranty deed.
160 John Street Lot 5 — 160 John Street, LLC to 160 Owner, LLC, $767,846.39 warranty deed.

*TOTAL – $17,063,254.10

Prior to these “transfers”,  the listing history was:
2009 – $39,500,000 – reduced $32,500,500
Re-listed in 2010 $41,000,000
Re-listed 2011 $45,000,000
2011 – Lot #1 – this included the home – $29,000,000
2011 – Lots 2,3,4 and 5 – $16,000,000
2011 – $39,600,000
2012 – Lots 1,3,4 + 5 – $16,000,000
2012 – Lots 2,3,4 + 5 – $12,000,000
2012 – Lot #1 – $26,000,000
2012 – Lots 1,3,4 + 5 – $16,000,000
2012 – Lot 1 – $26,000,000

GOOD LUCK!

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