Foreclosure Watch: 30 Curt Terrace

I wasn't surprised to see the foreclosure sale notice in the local paper for this property in Glenville (Western Greenwich). The house sits on 0.36acre at the end of a cul-de-sac. The property itself slopes gently down from the road grade until it drops-offs a cliff near its rear boundary. I'm not sure if the drop off is part of this property or the neighbors, and while a simple fence will protect little ones from going down the hill, this is not all usable, kid-friendly land.

This is one of those houses that sticks with me after what seems like a couple years since I saw it. The house offers 4 bedrooms, 4 bathrooms and over 3,800sqft according to the builder. My recollection is that the house layout is choppy and flow through the rooms is poor. The space is inefficient and poorly designed. Is this what happens when non-pros get into the real estate development business and get caught on the downside of a correction?

Either way, the property will have to sell at less than the $1.289mln that the owner was asking back in December '08. After the house at 35 Glenville St (see picture #2) sold for $1.025mln in Dec. '08, you would have thought this guy would have lowered his price into the 9s. But it may have been too late by then.

According to the notice in the Greenwich Time, the foreclose sale is May 30, at noon.