This property was first listed at $1,795,000 – most likely before it was completed, if I had to guess….and dropped price today at $1,549,000…brand new construction, it is 4500SF on an acre lot. It looks like they want a deal – NOW!
The seller bought this for nearly $600,000 more in 2006, and is obviously realistic about the fact that he bought it at the near height of the market, and realizes as well that properties North of the Merritt are not receiving the love that their in-town brethren are enjoying at the moment. It is priced as the town has it appraised…It is located on the Armonk line (with 8 acres in Armonk – separate taxes than what is indicated here), and the owners have the ability to send their children to either Armonk or Greenwich schools…
11 Partridge Hollow Rd – $6,695,000
The listing describes this property as having a “scenic Round Hill Road Approach” – realistically – it’s off Riversville – nothing wrong with that, I happen to think that Riversville is a beautiful country road…the interior is everything that everyone wants today – white, white and more white with wood floors. The taxes are surely not going to be what is indicated here…this is a new home, and the town will surely want their share of the new value, as opposed to the $1.5 where it is currently assessed. The sellers bought the property in 2013 for $1.6M. Seriously doubtful that they will get close to this price, when there is serious competition at the moment….
There are a few new listings today, but this one strikes me – 17 Oval Ave in Riverside is asking $1,895,000. The owners bought it in 2006 for $1,195,000 on an original asking price of $1,425,000. At the time is was 2100SF – it is now “expanded” to a whopping 2253 SF according to the tax record that the listing agent omitted from the listing. What’s especially annoying, is trying to explain to a home owner who isn’t selling in Riverside, is why their property will not achieve similar results.