Showing posts from March, 2011

Swapping Properties - Mi Casa es Tu Casa

Somehow, I missed this one....but this could be a good idea for a lot of families, who's needs are shifting.  Not exactly sure how this could impact my living - or other realtors, so maybe we should jump on the bandwagon, and figure it out - like a dating service? Patrick R. and Jennifer A. Prosek to Lynn D. and Lavonne R. Kramer, 9 Old Mill Road $1,000,000 Lynn D. and Lavonne R. Kramer to Patrick R. and Jennifer Lebedis Prosek Trs., 80 Compo Mill Cove, $2,350,000 Reported by Dave Matlow in Westport Now, he wrote that sources chose to remain anonymous, but indicated that the 2 families have known each other for years, and their needs shifted propitiously to suit each other's. Not sure how they worked out the financials, but it is an interesting concept.

21 Brynwood Executed Contract Yesterday After nearly 1 year

This handsome home has found love - Original List $5,350,00 and currently $4,750,000, it sits on 5.63 acres off Round Hill Rd. Nicely updated with over 6000 square feet of living space, this home will no doubt be enjoyed by the next owner, who most likely will find value in a home that they will get for close to assessment. Value is selling! Lovely Pool - Summer is almost here :-)

Life goes listing in backcountry - 9 Bayberry Lane

9 Bayberry Lane was just listed yesterday, and it will be interesting to see what happens to this "estate". On 8+ acres, and zoned RA4 - who knows? Listed at $5,750,000 an assessed at $3,771,180, the improved land is quite pretty - and historically there are the GRT (Greenwich Riding Trails) that cut through the unimproved areas of the property - so that's charming - for what it's worth... Back View of 9 Bayberry Lane Exterior Back There is no conversation about subdividing per the listing, but who knows whether they could provide access from Cherry Valley? I believe that the opening to the property as it exists is too narrow to provide access for (2) homes. Will the buildings be razed? Most of them are not worth the amount of space they consume. And the main home is in need of restoration in most areas of the home - like all baths, there are 5 1/2 and 7 bedrooms. There was a new kitchen with butler's pantry installed in

Gen X Doesn't Wait

Why wait? When you can have what you want when you want it. That is the pervasive attitude about everything that Gen X'rs processes. So, guess who is going to make the real estate market begin to move? You guessed it - X and Y not? They are not the largest group - they account for 32% of home buyers -  often considered people who are at least 30 years old, but they aren't waiting for the market to recover as the baby boomers are (of course it is the baby boomers who often got stung with mortgages they couldn't afford, or bought homes around 2005 and later, only to see their values decline) According to RIS media, here are some interesting facts: Gen X is willing to pay $5000 more for a home that is green  Dark cabinets are preferred They want a fireplace in the livingroom They prefer a separate tub and shower Prefer great rooms over formal spaces Large lots GEN X

145 Porchuck Rd. Greenwich, CT - NEW!

This home is located in one of my favorite areas - because it truly feels like the country, but it is super accessible to everything.... It sold in 2006 for $3.1 and now being offered for $2.5 - I would say that it is realistic. The sale prior to the last was for $1.5 in 1997 and since there have been improvements. There was an addition in 1995 and renovations in 2003. Just under 4000 square feet - 5 bedrooms and on 2 lovely acres...Assessed at $1.5+ so this will not last long... 145 Porchuck - Peaceful Living And we can all use a little of that!  Call me - 203-300-7023


After cold calling this week for listings - a thankless job, the number one question was: "Is the market moving?" Are you willing to sell your home at 2002 prices? If so your house will sell. Are you willing to list your home close to assessed value? If so, your home will sell. 15 Vineyard sold yesterday after 256 days. This is where a photo would go - if the Greenwich MLS made is possible to save photos in order to publish..... :-( Original List - $6,400,000 Recent List - $5,700,000 Sold - $4,650,000 Assessment - $4,458,090 Last sold in 2002 - $4,350,000

Coming Home - Creating Memories

Memories of growing up should be sweet, and many of the memories that we hold on to are those warm feelings of  the home in which we were raised...gathering in the kitchen,  nooks and crannies to call your own (even in a large family), and even the safe feeling of living on a quiet street where cars only slowly crept by. This gracious Greenwich home has all the ingredients for creating perfect family memories. Listed for $2,850,000. It sits on a well sited 1/2 acre lot. Renovated in 2009, with minimum wear and great flow. The light is warm and fuzzy and filters through beautiful windows everyhwere. It also has a nanny suite with separate entrance. Taxes are only $11,860! 15 Anderson Rd - Greenwich, CT Lovely Back Yard Adjacent Family Room A Cook's Delight To see it, call me: 203-300-7023

Sundays at Home

One of my favorite websites for modern living and great value One of today's features - Egyptian cotton duvet sets - $130 ______________________________________ 5 x 8 - was $1300 now $390! Larger sizes also available It's a great way to open and lighten a room is with a small patterned light colored rug Pattern relief camouflages wear - neutral color is sophisticated 

The Greenwich Billionaire Club

Is it a coincidence that 8 of Connecticut's 11 billionaires  live in Greenwich? (10 live in Fairfield County) Or do you think per my last blog that it makes financial sense - OK we'll throw lifestyle in there as's a great place to live - and one of my mantras is that like beliefs attract like beliefs. $$$$$$$$$$$$$$$$$$$   Steve Cohen Cohen, 55, is the founder of Stamford-based hedge fund  SAC Capital Advisors  and an art collector known to drop $100 million for a painting or sculpture he fancies. Forbes reports that he is worth $8 billion. Ray Dalio Dalio, 61, is head of  Bridgewater Associates , the world's biggest hedge fund that's headquartered in Westport but said to be looking to relocate somewhere in the area. Dalio and his family are also noted philanthropists. He's sitting on about $6 billion, Forbes says. _________________________ Edward Lampert Lampert, 48, founder of  ESL Investments , a hedge fund with offices on Greenwich Avenue, is

U.S Housing Historic Undervaluation - Will Housing Finally Take Off?

This is an actual home that was made using a retired 727  According to analysts at Capital Economics, due to the continued depreciation of residential property values at the end of 2010, housing is more undervalued than ever before. Based on Case-Shiller housing index the 4th Q of 2010, housing was 21% undervalued as compared with disposable income per capita and 15% undervalued as measured against disposable income according the FHFA. Lower prices + low interest rtes = lower monthly mortgage payments. On median priced housing purchased with a 20% down payment, is at record lows of 13% of median income - according to Capital Economics. The recent de-valuing of housing stock seems to be attracting cash investors - and according to Capital Economics, are driving 70% of the increase in existing home sales since last July, whereas first time home buyers account for just 6% of the increase in sales of existing homes....Man up - it's time to buy.

When you want to get out of the city....weighing your options

FAIRFIELD COUNTY CT          Versus        WESTCHESTER COUNTY NY First weigh the closing costs Big secret - no mansion tax in Connecticut __________________________________________ ESTIMATED CLOSING  COSTS* FAIRFIELD WESTCHESTER $1,040 ORIGINATION FEE $1,040 $50 CREDIT REPORT $50 $1,500 APPRAISAL (2 IF NECESSARY) $1,500 $1,200 SETTLEMENT/CLOSING ATTORNEY** $1,200 OPTIONAL PERSONAL REPRESENTATION ATTORNEY** $850 $350 TITLE SEARCH/EXAM $350 $2,666 OWNER'S TITLE INSURANCE $8,168 $4,165 LENDER'S TITLE INSURANCE $1,662 N/A MORTGAGE TAX $15,720 N/A MANSION TAX $20,000 $350 RECORDING FEES $400                              ____________________ $11,121 $50,690 * THESE ESTIMATED CLOSING COSTS ARE SUBJECT TO CHANGE  DEPENDING ON THE SPECIFIC PROPERTY - FOR EXAMPLE, LOCATION

Connecticut Elected Officials Hard at Work

Feel free to pass this on to as many people as you like!                                          There is something drastically wrong with this picture.... House Minority Leader Lawrence F. Cafero Jr., R-Norwalk, pictured standing, far right, speaks while colleagues Rep. Barbara Lambert, D-Milford and Rep. Jack F. Hennessy, D-Bridgeport, play solitaire Monday night as the House convened to vote on a new budget. (AP) The guy sitting in the row in front of these two....he's on Facebook, and the guy behind Hennessy is checking out the baseball scores.   These are the folks that couldn't get the budget out by Oct. 1, and are about to control your health care, cap and trade, and the list goes on and on … .   This is one of their   3-DAY WORK WEEKS   that we all pay for (salary is about $179,000 per year).  

Greenwich - a Sweet Spot in the Real Estate Picture

Where prices have not been rising steadily since the housing bubble burst, overall Greenwich has bucked the national averages. December 2010 prices were down 14.6% for instance, however, the median sales price jumped 18.8% year to year according to Trulia. Over the last 5 years prices have risen 2.7%. According to the Greenwich Multiple List Service: ------------------------------------------------------------------ GREENWICH SALES 3.7.10 - 3.7.11 - 619 TOTAL BED BATH SQ FT LIST $ SOLD $ DAYS ON HIGH 15 13 21,897 55,000,000 35,000,000 1,558 LOW 0 1 451 205,000 174,500 0 AVERAGE 4 3 3,794 2,383,487 2,147,005 177 MEDIAN 4 3 3,040 1,495,000 1,390,000 115 --------------------------------------------------------------------  I love stats - but what story do they really tell? The smallest sold the quickest - the price was

Real Stats or False Hope

Real Estate foreclosures were down in January, however, institutions such as HSBC, that service mortgage foreclosures, have received cease and desist letters from the Federal Reserve and the Office of the Comptroller of Currency - which outlines problems in the company's processing and signing of documents that support foreclosures. So how true is the hope that foreclosures are down? HSBC is among 14 other major servicers subject to this probe.