30 Million Dollar Price Cut For Helmsley Greenwich Estate
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Sometimes putting a wild and audacious price on even the most lavish estate just does not make sense. Either that, or Donald Trump was in on the pricing decision of the Helmsley estate’s decision to price their Greenwich, Connecticut estate for 125 million.
But you have to admit that in these days of price cuts for homes that are stagnant on the market, 30 million is a number that gets ones attention. Dropping the Helmsley mansion from 125 million to 95 million brought this home back front and center to most real estate voyeurs (and hopefully a potential buyer or two).
The sellers of the estate of late hotelier Leona Helmsley at 521 Round Hill Road, known as Dunnellen Hall, recently retreated from their $125 million asking price to $95 million, according to Greenwich-based David Ogilvy & Associates, the listing agency for the 40-acre manor-style property.
But does the change spell “Trouble” - as in the name of Helmsley’s famous dog - for Greenwich’s traditionally thriving real estate market?
Some officials and one of Helmsley’s former neighbors cautioned that even the most palatial celebrity-owned estates take time to sell, while others alluded to a slowdown in sales. via The Advocate
I saw this earlier today and thought the exact same thing, Tom. The politicians have been pushing homeownership for ...
I just found your blog and it's filled with great information. One of my goals this year is to update ...
Thanks for the kind words. I promise you the first year we did not have this level of readership. It ...
The limit on jumbo's is either 417,000 OR it is 115% of the median house price, not to exceed 150% ...
I like your blog and I have read many of your articles. I agree that it is amazing the ...
Yes, there are some deals out there. While there are some deals out there, I'm an agent looking for ...
With mortgage rates poised to drop to 4.5 percent all we need now is some tax incentives to help home ...
I think the overall interest in refinancing was definately high recently. However the problem is that although the rates dropped, ...
I have had great success using craigslist. Renters need to be careful and make sure they check out their landlord ...
This is the start of where the market can begin to level out.
Home owners will start to be able to ...
Pingback by Celebrity Roundup: Leona Helmsley, Gianni Versace, Samuel Goldwyn Jr., and Bette Davis | Zillow® Blog on 9 October 2008:
[...] to The Real Estate Bloggers (via The (Stamford) Advocate), the former estate of Queen of Mean, Leona Helmsley, just took a [...]