The Revitalist

The Greenwich 2,200 square footer and it's 8.800 sq ft replacement.

According to the National Trust, the New York metro area is now the teardown epicenter of the nation. The NY Times article highlights several examples, including a 1947, 2,200 sq ft house on 2 acres in Greenwich, CT that sold for almost $1.8M, having last sold in 1999 for $550,000. The owner had thought about tearing down himself but decided to save himself the hassel and "take the money and run." The new house on the lot is 8,800 sq ft, 5 bedrooms, 5 full and 2.5 half baths, a 4-car garage, and expected to be on the market for $5.9M. With that kind of money to be made (both for the seller and the builder), how could you expect a different outcome? There just aren't enough people out there who love the 1950's ranch. The Trust has a Teardowns Resource Guide, if you are wondering what you and your community could do about this issue.