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Greenwich Real Estate Value Increases By .47% In 2012

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

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.

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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