Friday, March 13, 2009

Approaching 1999 Prices: 7 Gisborne Place

This sale caught my attention today; it closed closer to its sale in 1999 than to anything more recent.

The history is that the property sold in April 1999 for $1.81mln. It was then significantly renovated in 2006 and sold in Jan 2007 for $2.86mln. It went to contract in the end of Feb '09 and closed yesterday at $2.2mln.
It looks like a relo company took position of the property since the 2007 sale, but sheesh and in Old Greenwich too!

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