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Old 12-08-2017, 09:57 AM
 
Location: Riverside, CT
786 posts, read 824,531 times
Reputation: 353

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Quote:
Originally Posted by Stephy0519 View Post
That's adorable! I wonder why it hasn't sold?
Its too small and $463/sft is way too high.
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Old 12-08-2017, 10:42 AM
 
Location: Fairfield County CT
4,456 posts, read 3,351,974 times
Reputation: 2780
Quote:
Originally Posted by Stephy0519 View Post
That's adorable! I wonder why it hasn't sold?
I am thinking there might be two reasons.

1) It is around the million dollar mark. Believe it or not someone buying that house is most likely not rich and they need all the SALT and mortgage interest deductions to help pay the monthly mortgage. Maybe people in that price range are holding off to see what happens with the tax bills in congress.

2) I looked up that house on zillow. It sold for $835,000 in 6-23-2008* at the peak. I don't think houses have made it back up to the peak price.

Or maybe a combination of the 2 things above.



* I seem to remember that was a little before the economy tanked (around September 2008 right before the election)
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Old 12-08-2017, 03:37 PM
 
Location: Coastal Connecticut
21,764 posts, read 28,094,478 times
Reputation: 6711
2006 was the peak. Prices had already dropped by 2008. It might have been heavily renovated by then as the kitchen and decor look newer.

It might sell at 900.
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Old 12-09-2017, 09:40 AM
 
37 posts, read 29,601 times
Reputation: 22
I would just stay right where I am w/ the wifey & dog. 1,200 sq ft home with close to half an acre in Southington. We moved here last year and love it. The location is perfect it's close to both Plantsville center as well as downtown Southington. So many things to do and never have to leave town for shopping. No kids yet but when that time comes I heard the schools are above average. While currently in a modest home I would just upgrade practically everything. Widen our driveway, get a new top of the line boiler, re-do the kitchen, solar panels, dig up and re-do our entire lawn, upgrade upgrade upgrade. Even things that may not need the upgrade... UPGRADE. And whatever is left over on a couple of baller cars.
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Old 12-09-2017, 11:08 AM
 
282 posts, read 233,059 times
Reputation: 639
I'd probably keep the house we have now. But with that million dollars I'd:

1. Pay off the mortgage.
2. Replace the front, stupidly-steep steps with a new, modestly-sized screened-in front porch and steps to it.
3. Re-create our front yard, probably with a no-grass rock garden/wildflower/perennial look.
4. Build our smallest bedroom out toward the back yard, add a walk-in closet, a full bathroom, and sliders to a new (but small) deck, and rename it the master bedroom.
5. Pour a new set of back stairs, since our old steps are too steep, and repair all the holes the chipmonks have dug into our foundation.
6. Add central air conditioning, fix our chimney so we can actually use our fireplace, install a wood stove in the basement with its chimney connecting to the fireplace chimney, buy a vent fan for the attic, and hook up passive solar energy.
7. Purchase and hook up a whole-house generator.
8. Have enough left over to cover the tax burden and expected future maintanence/repairs for the next 10 years.
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Old 12-10-2017, 12:06 AM
 
319 posts, read 279,046 times
Reputation: 504
Show me the farm land, red barn, horses, a new truck, porch swing, 230 acres, fish pond, country breakfasts and Sunday dinners, I could totally blow 1 million in the country.
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Old 12-10-2017, 04:31 AM
 
Location: Fairfield, CT
6,981 posts, read 10,951,875 times
Reputation: 8822
I would keep the house I have now. It's a medium-sized house in a great neighborhood in Fairfield with a great piece of property, adjacent to a golf course. There'd be no reason for me to move if I got more money.

I was at a house in Trumbull last night at a party. If I were ever to downsize, something like that would be perfect. It's a beautiful neighborhood, nice property (smaller than my current house) and the house is smaller, but it's big enough and very comfortable and cozy.
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Old 12-10-2017, 05:32 AM
 
6,589 posts, read 4,977,963 times
Reputation: 8046
Quote:
Originally Posted by Mr_250 View Post
Take that money, buy properties in cash and have great crash flow. Take that cash flow and buy a house on Bulls Bay in McCleanville SC.

Make that money work for me.
I'm with you! I'd never spend that much on one place and your money will go much further in another state.

That said, there's some beautiful farms in the quiet corner.
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Old 12-10-2017, 06:26 PM
 
Location: Milford, CT
752 posts, read 554,078 times
Reputation: 820
This would be the one: https://www.zillow.com/homes/for_sal...ct/8_zm/0_mmm/
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Old 12-10-2017, 08:20 PM
 
6,589 posts, read 4,977,963 times
Reputation: 8046
If you insist:

https://www.zillow.com/homes/for_sal...t/8_zm/0_mmm/?


Still not what I'd be inclined to do with a spare million.
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