Looking for a Deal? Distressed Properties are Poised to Move!

DEB HALSEY REAL ESTATE, , , , , , ,

591 ROUND HILL RD – NOW $5,299,000
Not my idea of “ravishing” as the listing says, with other overstatements and adjectives – and you can see the full listing for yourself by clicking below:
It’s is an opportunity to own a 6.61 acre property. The town has it valued at $8,742,000.
I saw this property when the owner was still living there, and it does show better now that it’s vacant, but it needs total renovation. Green River Capital should have invested in paint and removal of wall paper, window treatments and wall to wall carpeting. Calling it what it is, rather over-embellishing, establishes credibility on the sell side, and manages expectations on the buy side.
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39 MOHAWK LANE – NOW $2,095,000
Another opportunity to own a 5+ acres property. The town has this valued at $2.5 and was reduced from $2,327,000 in a matter of a few days…telling. 
39 MOHAWK LANE FULL LISTING 

Published by DEB HALSEY REAL ESTATE

The art of the deal transcends all businesses, and more so in real estate than in many other professions. For the client, it's often an emotional purchase or sale, rather than a simple commodity or luxury item. I make it my mission to have each side come to terms with a transaction that works for everyone. It's not always easy, but good things in life usually take effort - something from which I've never shied. Licensed since 2009 as a real estate sales agent in CT & NY, I often work with clients on the border of both areas. With sales and distribution experience for luxury designer products, and watching/reacting to the markets, my acumen for sales was established. Achieving success and contributing to the growth of many global apparel designer brands, such as Giorgio Armani and Paul Smith for over 20 years, it was time for a change. I wanted to explore another passion that would keep me in one location rather than traveling the globe. Now I have the best of both worlds, a successful business as a fulfilling personal life. My husband and I have lived in back country Greenwich since 2003, where we enjoy easy access to great biking, hiking and golf. We love to ski and that's usually where our travel takes us. Life is good in Greenwich!

3 Comments

  1. It is a very impressive property, however not many people will be able to afford it plus it needs a lot of work doing on the property as well.

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  3. Hi Fred – Not sure which property you're addressing in your comment, there are (2) The Mohawk property was just reduced again this week as a matter of fact – it is 5.61 acres for $1.9M That is less than land value in this area. The Round Hill property sold in 1996 for $4,584,500 and is now priced below ASSESSED value which is $6,119,540 – so I agree that they both need work, but there is opportunity to have equity right off the bat with either of these.

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