Is It Possible To Underprice a Property?

3 properties under $1M closed today over asking price. Not surprising…especially that these presented great value…

8 LANTERN PLACE – GREENWICH – $765K LIST – $790K SOLD

Great curb appeal with stone work and flagstone walk – super cute…

48 ROCKMERE AVE – OLD GREENWICH – $949K LIST – $970K SOLD

Fully renovated, and again super cute and convenient to transportation, the train, park, library, shops and restaurants.

12 COTTONTAIL RD COS COB

This little ranch was horribly marketed with really pathetic photography. The agent took no time to romance this listing, but managed to get over asking price. List price $995K – Sold Price $1,058,800K. That my friends is $606/SF or new construction pricing! Located on a non-conforming lot or more closely translated: 1.16 acres in 2 acre zoning…In theory, one could build up 4547SF, however, this property is currently a 3 bedroom home with septic. So the new buyers most likely will be replacing the septic, should they decide to add another bedroom.

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