Market Activity 4.10.2014

54 HAWTHRONE STREET – GLENVILLE – DEAL $1.1M

ORIGINALLY ASKING $1.275 THEN DROPPED TO $1.250 – I’M A LITTLE SURPRISED AT THE FINAL PRICE – ALTHOUGH IT WAS ON THE MARKET FOR QUITE A WHILE – 281 DAYS…IT WAS A MOVE IN READY HOME, AND HWEN I SAW IT, MY IMPRESSION WAS THAT ALTHOUGH IT NOT HAVE PERFECT FLOW, AND THE SIZE ROOMS THAT MOST PEOPLE WANT TODAY, IT WAS WELL MAINTAINED AND CUTE. MY GUESS (AND ONLY A GUESS) IS THAT PERHAPS MONEY WAS TAKEN OFF THE TABLE AFTER INSPECTIONS – BEING THAT THE HOUSE WAS BUILT IN 1910 – THEY MAY HAVE SEEN A COUPLE OF AREAS OF CONCERN…I DON’T RECALL HAVING LOOKED AT THE “MECHANICALS” DURING THE BROKER OPEN HOUSE…THE SELLERS BOUGHT IT FOR $560K IN 2001 AND EXPANDED AND RENOVATED IT…SO IT MAY BE A BREAK EVEN SCENARIO – ALBEIT THEY MADE A NICE HOME FOR THEMSELVES FOR MANY YEARS.

TWO OTHER PENDING TRANSACTIONS IN RIVERSIDE AND OLD GREENWICH…

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