Illustrative Demo Property

7 Hollowfield Lane

Ridgefield

$1.56M

score 47

Asking

$1,560,000

$400/sf

All-in monthly

$12,833

mortgage, tax, ins, heat, commute

Commute

118 min

via Demo station

vs comps

0.88×

median $454/sf

4bd · 3ba · 3,900sf · 2.41ac · built 1979 · 96 DOM

Residential street

Hollowfield Lane

Open house Sat, Aug 15 · 1:00pm3:00pm

Deal-breaker

  • NO central AC per Ridgefield assessor record (retrofit ~$25-40k)
fairWait for a cut

Well-positioned wooded acreage and strong commute undercut by original 1979 systems, no AC, and deferred maintenance — needs $150–200k in updates to compete.

Bottom line: Tour it if forest privacy and low asking price appeal, but budget an immediate $40–60k for AC retrofit, $20k for kitchen refresh, $15k for oil-tank replacement, and $10k for deck rehabilitation. Negotiate down to $1.35M or skip.

What's right

  • + Rare 2.41 wooded acres in Ridgefield with excellent estate privacy and stone-wall character; scenic forest lot difficult to replicate at this price
  • + ratio 1.19x) and offers room to negotiate before closing; strong comps support $1.4–1.5M post-updates
  • + Good commute: 11 min free-drive to FiDi, 68 min best-train option; location works for NYC commuters
  • + Contemporary architecture and generous 3,900 sqft footprint; bones are sound; major systems (roof, windows) appear serviceable

What's wrong

  • ZERO central air in a 3,900 sqft home with summer humidity — window units are inadequate; retrofit cost $35–50k and is a showstopper for many buyers
  • Oil heat + corroded tank visible in basement = $5–10k replacement cost plus environmental review; oil systems are obsolete in today's market
  • Kitchen and three bathrooms are original 1979; functionally trapped in 40+ years ago; updating to code/appeal = $60–100k combined
  • Wooded/rocky acreage sounds appealing but offers minimal flat usable lawn; poor yard for children or entertaining; limited expansion potential due to wetland soils nearby (12% hydric within 60m radius)
  • 96 days on market indicates buyer resistance; no recent comps provided to anchor price
Price5/10
Condition5/10
Location8/10
Systems2/10
Land7/10

If you make a move

Open at $1,349,000 (-13.5% vs ask) · walk above $1,656,000

What the photos show

Read from all 19 listing photos — finishes era: original 1979 construction, minimal updates · condition 6/10

Kitchen

Original 1979 — laminate counters, wood cabinetry, harvest-gold appliances, dated tile backsplash; functional but firmly stuck in its era; no island or modern flow

Baths

Original 1979 — brown tile, single vanities, dated fixtures; clean but visibly period-appropriate; one bath features window AC unit as cooling workaround

Yard

2.41 acres, heavily wooded, rocky outcrops, sloped terrain; stone walls abundant; minimal usable flat lawn; yard is scenic forest setting rather than playable space

Curb appeal

Contemporary lines work, but weathered cedar siding and moss-covered decking read as neglected; lacks polish; property feels frozen in 1979

Visible issues

  • Oil heat system with visible rusted storage tank in basement (major deferred maintenance flag)
  • No central air despite 3,900 sqft; window/portable AC units visible in bedrooms as band-aid fixes
  • Decking shows moss and age throughout; structural integrity unclear from photos
  • Cedar siding weathered; appears original and in need of refinishing/staining
  • Basement laundry/utility room shows water staining and aged HVAC equipment
  • Kitchen and baths genuinely obsolete — not 'charming period'
  • No en-suite primary bath visible

Missing at this price point

  • En-suite primary bathroom (not visible in sample)
  • Updated kitchen (original 1979 is obsolete by 2024 standards)
  • Modern bathrooms (original 1979)
  • Two-car garage (not in sample; if absent or single, flag it)

Where the $12,833/mo goes

Mortgage$8,045
Taxes$2,088
Heat$439
Commute$441
Maintenance$1,300
Insurance$520

Taxes shown are the current owner's bill — after Ridgefield's next revaluation they could rise ~$404/mo.

Change the offer, rate or down payment

Also worth knowing

  • Oil heat — ask tank location/age/insurance
  • Cut 14.5% from $1,825,000 (3 changes since 2026-05-07)

Each of these becomes a question on the Tour tab — underlined terms explain themselves.

Central AC

NO

Schools

#17 of 166

Sewer / water

Septic / Well

Flood zone

X

Listing remarks

A four-bedroom contemporary on 2.41 wooded acres, held by the same owner since the 1980s and largely original throughout. Vertical cedar siding, walls of glass and multi-level decking. Oil-fired baseboard heat and no central cooling. The kitchen and baths date to the original construction. Priced well below the town's sold median per square foot.