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Greenwich Real Estate Value Increases By .47% In 2012

GREENWICH, Conn. – Real estate values in Greenwich saw a modest increase in 2012, strengthening by just under $139 million, or .47 percent, according to the tax assessor's grand list released on Wednesday.

Charles and Theresa Davidson's 9.2 acre home on Byram Shore Road is once again the highest-valued home in Greenwich at $30.6 million.

Charles and Theresa Davidson's 9.2 acre home on Byram Shore Road is once again the highest-valued home in Greenwich at $30.6 million.

Photo Credit: Google Maps

The total value of all 19,584 residential properties in Greenwich was assessed at $24.3 billion. That's an increase of roughly $177 million, or .74 percent, in the past year.

Non-residential land did not have as positive a 2012, however.

Commercial property value saw an almost negligible rise of .01 percent. Industrial properties, apartments and vacant land saw a decrease in value.

The assessor also released the 20 highest-valued residential and commercial properties in Greenwich.

Charles and Theresa Davidson's 9.2 acre home on Byram Shore Road was once again the highest-valued home in Greenwich at $30.6 million. Their home's value increased by four million since 2011.

Charles Davidson is the co-founder and chief executive officer of Wexford Capital LP, based in Greenwich.

Other notable residential properties on the top-20 list include retired Wall Street trader Steven Steinman's John Street home ($23.7 million); an Indian Field Road Home owned by the estate of  the late noted art collector Jane Cunniffe ($22.2 million); Southern Union Chief Executive Officer George Lindemann's Indian Field Road home ($21.2 million); and the Round Hill Road home of Judge Judith Sheindline (television's "Judge Judy") ($20.9 million).

Greenwich Plaza on Steamboat Road was the highest-valued commercial property once again, assessed at just under $186 million, followed by Pickwick Properties on East Putnam Avenue ($145 million) and American Inc.'s 154.5 acre property on American Lane off of King Street ($122.5 million).

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