I worked for a family that lives on this street from 2018-2020 and passed by this house everyday. It was a huge remodel and re-landscape of the entire property. By the time Fotis Dulos was charged, the house was basically finished and the landscaping was completely done. The house was immediately put on the market after his death but did NOT sell for over a year which is odd for New Canaan. There were several price drops to the point where the house was listed for less than a million dollars and STILL wouldn't sell!. My clients claimed that it wouldn't sell because of who remodeled the house (Fotis Dulos).
^^rs
bbm
Per the quoted link dated Dec 2, 2021, the Sturbridge Hill Rd spec house by Dulos, listed in November 2021 at $3.995, had a pending offer, 25 days on the market.
It's simply unimaginable to me that this same property, which once would have had to have been discounted by about $3M (sometime between 2018 - 2020, before being pulled off the market during the foreclosure proceedings), to "
list at less than a million dollars and STILL not sell."
We know that Attorney Chris Hug, acting as the temp administrator for the Dulos estate, had once hoped to own the properties himself -- if given a bargain basement price by the Fore Group (with Hug as director)!
Respectfully, OP might want to recheck the history on that
"less than a million dollars listing" and no sale. IMO, any listing under a million dollars was most likely around 2015 when the house was estate owned and just before the property was noticed for public auction for delinquent taxes.
We know that at auction in June 2021, the bank-owned property (Savings Bank of Dansbury), then
appraised at $3.65, needed court approval to sell to the highest bidder, and SBOD was looking to recoup the $2.8 construction loan to Fotis to build the house (plus interest, late, and receiver fees or about $3.3). MOO
The master suite has a fireplace and “his and her” separate closets and a full bath. The house was initially listed for sale at $4.8 million in 2018 before it was completed.
The last listing price ranged from $3.97 million to $3.99 million before it was pulled off the market during the foreclosure proceedings, documents said.
[..]
It was one of several properties owned by Fotis Dulos and his high-end real estate development company, Fore Group, that went into foreclosure as police mounted an intense investigation into the disappearance of Jennifer Dulos. The New Canaan mother of five vanished May 24, 2019 and has been presumed dead.
To participate in the June 26 auction, potential buyers will be required to bring a bank or certified check for 10 percent of the appraisal price of $3.65 million. Qualified buyers will be allowed on the property at 11 a.m. with the auction starting at noon, Fingold said.
[..]
The Savings Bank of Danbury is looking to recoup the $2.8 million construction loan given to Fotis Dulos to build the property plus interest, late fees and the cost of a receiver maintaining the house and parcel for a total of $3.3 million, Fingold said. The auction price will have to be approved by the court, which handled the foreclosure.
Two of Fotis Dulos’ longtime friends, Harry Masiello, a Rhode Island businessman, and Ioannis “Yannis” Toutziaridis, a Greek businessman, have filed claims against the foreclosure, contending they loaned him money that may have been used to develop the property.
Fotis Dulos’ mother-in-law, Gloria Farber, has also filed a claim against the foreclosure on the grounds she was awarded a $1.9 million judgment in a lawsuit she filed against her son-in-law for business loans the family gave him prior to 2017.
Her attorney, Richard Weinstein, said Fotis Dulos gave mortgages to his friends, but “the reality is there are technical legal issues about those claims.” Weinstein is challenging the mortgages to Masiello and Toutziaridis in separate court filings.
New Canaan home in Jennifer Dulos case up for auction June 10, 2021
Attorney seeks control of Fotis Dulos’ real estate development company March 15, 2020