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Date Archives: March 2016

Bain Real Estate - Market Update Home

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March
1

PLEASE CLICK HERE TO SEE THE MAP.

Dear Neighbor,

Here is the annual real estate report detailing the real estate activity in the last 12 months in the Ellsworth neighborhood.

Sharon home sales were strong with 65 homes selling in the last 12 months. There are 78 homes on the market in Sharon (with 8 homes in contract to sell) which is a slightly larger supply of homes for sale than last year by 3 offerings. There is an increase in buyer traffic and the easy winter weather has prompted more offers. Stability has settled in as the local real estate market is getting healthier incrementally and maintaining a consistent pace of sales and listings. So it appears the current trends are positive!

 

Closed (65) Last 12 months in Sharon

 

 

Beds

Baths

SqFt

List Price

LP$/SqFt

Sale Price

SP$/SqFt

SP/LP

ADOM

Avg

3

2

2,209

$502,220

$183.52

$448,860

$166.39

1.02088

171

Median

3

2

1,939

$249,500

$151.59

$230,000

$131.75

.92063

98

 

Active (78) Residential Homes in Sharon

 

 

Beds

Baths

SqFt

List Price

LP$/SqFt

Sale Price

SP$/SqFt

SP/LP

ADOM

Min

1

1

720

$1,600

$0.56

-

-

-

1

Max

6

6

11,680

$7,850,000

$960.00

-

-

-

1,732

Avg

3

2

2,586

$732,091

$239.03

-

-

-

239

Median

3

2

2,180

$382,500

$204.64

-

-

-

176

There were 11 transactions in your neighborhood. Here is what is going on.

Sold:

Herb Road- Listed: $325,000 Sold: $292,500 – This 3.5 +/- acres has long eastern views and an open meadow feel. This parcel has aged stone walls, mature native trees and a driveway roughed in.

Herb Road- Listed: $250,000 Sold: $210,000 –Known as "The Shire" this 7.424 acres parcel has views of Housatonic Valley. It is a cleared parcel with stone walls, meadow, and Stoney Brook coursing through the lot. There is a dug pond and south facing exposure provides the opportunity for passive solar design. Conservation restriction have been placed restricting it to one house site.

13 Herb Road- Listed: $895,000 Sold: $850,000. French country expanded gambrel colonial sits on a level and bucolic 5+ acre private parcel. With nearly 4,000 sqft of living space the house is approached on a long driveway with a Linden tree alley. The house has been updated and has 3 bedrooms, 4 and a half bathrooms, large family room and pool. This home was originally listed for $1,395,000 in 2012.

50 South Ellsworth Road- Listed: $425,000 Sold: $420,000. Beautiful C. 1850 eyebrow colonial with extensive renovations/updates in 2007-2009, including new kitchen and baths, vaulted screened porch and expanded interiors. The house has spacious and inviting living and family rooms. The flooring is random width wide board throughout, plus a fireplace, main level master with en suite bath. The lot is a one acre level sunny meadow. This house was listed in March of 2013 and was originally listed for $695,000.

48 Modley Road Listed: $229,000 Sold: $210,000 This well maintained 980 sq. ft. ranch is set on a 4 acre parcel. There are 2 bedrooms and one bath in the 1974 home. There is a large screened porch, mature landscaping, and privacy. Jen Luning from our Sharon office assisted the buyers in this transaction. It was originally listed for $279,000 in June of 2014.

145 West Woods #2,Listed: $295,000 Sold: $264,000 This is a great project. This 1803's antique two-bedroom cottage with guest house needs a complete redo. There are 1500 sq. ft. and 2 bathrooms, porch, antiques details and mature plantings on the 5.89 acre lot. Asher Pavel of my Cornwall office brought the buyers.

38 Cemetery Road- Listed: $449,000 Sold: $439,900- This property had been on and off the market for over 7 years. Originally listed for $1,250,000 on 15 acres this wonderful antique home was the victim of the Great Recession. With nearly 1400 sq. ft. the two bedroom, 1 bathroom saltbox has wide board floors, 2 fireplaces and loads of character. The land was subsequently subdivided and sold off in parcels leaving the 1800's house on 13 acres.

Cemetery Rd, Lot-3B-1- Listed: $179,900 Sold: $110,000 -Fully approved and surveyed with all tests completed. 5.6 Acres on dead end road. Stone walls and frontage on Guinea brook. Listed for 490 days

Westwoods Road #2, Lot-1A- Listed: $189,000 Sold: $160,000- This parcel overlooks two ponds and is a wooded 5.7 acre parcel.

173 Westwoods Road #2 - Listed: $220,000 Sold: $200,000 - Nicely maintained raised 1978 ranch set on a level lot along a babbling brook. Higher end appliances in kitchen, all stainless steel. 3 full bedrooms and master bedroom has walk in closet and en suit full bathroom. There are 1,288 sq. ft. hardwood flooring in much of the home plus a wood stove in basement offer great supplemental heating. Priced well, it sold in 11 days.

310 East Street- Listed: $750,000 Sold: $650,000- Wonderful 1800's Antique home with 3 Bedrooms, 3 baths in the Main House offering central AC, 2 Fireplaces, wide board floors and exposed beams. All in tip top shape. Plus summer guest/pool house with privacy and a separate studio with a fireplace. It includes a pond and garage on a separate lot across the street and 3 acres in total.

498 Cornwall Bridge Road Listed: $2,275,000 Sold: $2,000,000 Magical country estate. Plum Creek Farm has 45 acres of tumbling brook, 2 ponds, formal gardens, open horse pastures, fruit trees, stone walls and woodlands. This 3600 sq. ft. home offers 4 bedrooms, 3.5 baths plus a custom kitchen which open to a awning covered patio. There is a formal dining room, bookcase lined library, spacious living room with a fireplace all opening to a sunroom overlooking stone terrace, gardens and pond. Huge master suite plus a guest house/barn w/4 stalls. Features: formal tapestry garden. Japanese crabapple orchard. 2 Ponds, one with fountain. Rock & perennial gardens. Riding rink. Deer fence. Privacy. Electronic gate opener. It was listed for 685 days.

460 Cornwall Bridge Road Listed: $210,000 Sold: $180,000 -This pleasant 1960's Cape has 1 bedroom and 2 bathrooms with lovely views over the farmland to the east. The interior needs some updating and is bright and cheerful. And a relatively new whole house generator has been installed. Spacious flagstone patio at rear offering excellent privacy stone wall surrounds the immediate area around the house. The property is a level and open 1.5 acre parcel of land.

33 Tichnor Road Listed: $895,000 Sold: $845,000 I am represented this wonderful country property offering with 4 acres. Wood roof & natural siding, crisp, clean lines all created by Rafe Churchill Design. Multiple buildings dot the property - utilitarian and efficient. The rooms are both distinctive and comfortable with modern lighting fixtures echoing 1700s Shaker sensibilities. The renovated kitchen is amazing with a Liebherr refrigerator, 6x4 gas AGA stove, Miele coffee system, farmhouse sink, Groeh fixtures & 2 Fisher Paykel cleaning drawers. It is so special that this listing was featured in numerous magazines as well as selected as the Wall Street Journal House of the Day in October 2014. Listed for 418 days before selling.

431 Cornwall Bridge Road Listed: $649,000 Sold: $540,000 - Wonderful newer home quality with and old house look. This home has a fabulously renovated cook's kitchen offering high end appliances and finishes. Inviting master suite with updated, tasteful bath and large walk-in closet. There are 3 bedrooms, 2.5 baths in this 2500 sq. ft. home. Separate Barn/Garage. This house sold in 2004 for $575,000 and had been listed since May 2014.

For Sale:

 

Cornwall Bridge Road- This peaceful hillside retreat offers 41.83 acres of land. The property offers a few nice building sites with views. The topography is challenging, but a driveway system has been roughed in place. Considerable parcel for the price of $199,000. Rick Meehan has listed this property.

1 Northrup Road has a peaceful pastoral setting on 5 plus acres of gentle rolling topography and offers easy access via Route 7 and Route 4. This parcel has been perc-tested and surveyed, just pick the site with the best view and build your dream getaway. Last year it was listed for $125,000 and now is $99,000 and it is the best most affordable parcel currently offered. Rick has this offering as well.

 

43 South Ellsworth is a lovely Victorian styled farmhouse with a gracefully detailed front porch, an old shed and an old dairy barn all set on a level 33 acres of hay fields, orchards and gardens. The 1870's home is preserved nicely with amazing details of ornate Victorian era moldings and floors. There are large porch door windows to open on a summer's day. The house is mechanically updated-new roof, furnace. It is easy to update kitchen and baths. I have listed this for $1,650,000.

89 West Woods Road at $1,800,000- is an 83 acre property of woods, pasture with incredible western views that capture the Catskill Mountains. There are two barns, one a horse stable complete with tack room and apartment above. The property has access to numerous miles of horse trails through Ellsworth and Westwoods' neighborhoods. My associate Toni Soule has this property listed.

There are a number of additional properties in the neighborhood for sale and should you be interested, they can be found on our website at www.bainrealestate.com. One can also find this letter and all other Sharon neighborhood letters archived on our site too. And if you wish to follow our blog for new listings, sales and other interesting real estate tidbits join up from our website.

 

 

All the best,

Chris Garrity

David Bain & the Sharon office

Jennifer Luning, Michele Pastre, Joanie Yahn & David Almquist

 

Please note that not all listings and sales transactions are through David Bain Real Estate.

March
1

PLEASE CLICK  HERE TO SEE THE MAP.

Dear Neighbor,

Well, it's February again even thought the weather feels like April, and it's time for our annual update on what's happening in Warren and in your neighborhood. The economy in the country is improving and the real estate market in the Northwest Corner is slowly gaining strength.

 

Here's a little Warren history (our reporting year actually runs from February to February):

 

In 2007 there were 38 homes on the market and 15 sold.

In 2008 there were 36 homes on the market and 8 sold.

In 2009 there were 40 homes on the market and 10 sold.

In 2010 there were 48 homes on the market and 17 sold.

In 2011 there were 28 homes on the market and 12 sold

In 2012 there were 22 homes on the market and 13 sold

In 2013 there were 25 homes on the market and 17 sold

In 2014 there were 20 homes on the market and 25 sold

 

Today there are currently 25 homes on the market in Warren and this past year saw 18 houses sold That's a bit of a drop, indicating things have slowed down this past year. If we look at the land market there are 9 parcels currently offered (last year there were 12) and three sales recorded (last year there were 2).

Your neighborhood had four sales (down from seven last year!).

Starting on Valley Road, there were two.

  57 Valley Road was a 2100 square foot 4 bedroom 2.5 bath colonial built in 1995 on 2.94 acres that was first listed for $339,900 in January of 2014. It sold for $250,000 in April of 2015.

  83 Valley Road was a 983 square foot 2 bedroom one bath cape built in 1995 on 7.81 acres tucked into 100's of acres owned by the Waterbury water shed. It was the last property on the road and had considerable privacy. Much of the inside was skillfully hand crafted. I listed the property in June of 2015 and we sold it in December of 2015 for $247,000.

  151 Town Hill Road is a raised ranch with 912 square feet with 2 bedrooms and 2.5 baths built in 1978 on 3 acres. It was listed in November of 2014 for $175,000 and sold in August of 2015 for its asking price of $175,000! Well priced.

  At 291 Woodville Road is a 789 square foot ranch with 2 bedrooms and 1 bath built in 1960 on 9.85 acres. It was first listed in March of 2010 for $399,000,went through 7 price decreases and finally sold in December of 2015 for $ 270,000.

 

On the land side we sold a 39 acres parcel on Evergreen Lane that was an old subdivision of 4 lots with a roughed in drive and buried utilities to a pasture site with distant views for $260,000. It was Rick Meehan's listing from out Cornwall office, and my sale. Great value.

I also have a 50 acre site across the street on Windy Ridge for sale for $290,000 with almost 1700' of road frontage and a high point of 1450' elevation. Apart from that it is mostly level with undulations, lots of mountain laurel and some wetlands.

Abutting this 50 acre parcel at 127 Cornwall Road I have listed a 5000 square foot colonial farm house with 3 bedrooms and 3 baths with an attached 6000 square foot barn on 110 acres. The main house is not finished on the inside and the package in offered for $2,700,000. There is more information about this fabulous listing and a video on my web site www.bainrealestate.com .

I have also listed a 100 year old stone farm house at 265 Cornwall Road just north of the 16 acres mentioned above. Part of the land is in Cornwall, but the 2400 square foot 3 bedroom 2 bath stone house is in Warren. You can see the details on our web site. The price is $339,500.

I hope you have found this of interest. You can read this letter on line as well as all past letters and maps for your neighborhood and the rest of Warren on our web site, www.bainrealestate.com . Just click on "Neighborhood Sold Stats" on the Home Page.

You can also find all the Warren listings of houses for sale, rentals, and land parcels posted on the same web site.

Thanks. Have a great Spring!!

I'll write again in a year to let you know what's happened.

Respectfully

  

David Bain

 

And the rest of our Associates

        Kent: Toni Soule, Debbie Bain, Dave Fairty, Marilyn DeVos, Eve Iselin, Scott Harvey

        Cornwall: Priscilla Pavel, Heidi Kearns, Rick Meehan, Asher Pavel, David Hurlburt

        Sharon: Chris Garrity, David Almquist, Jennifer Luning, Michele Pastre

March
1

PLEASE CLICK HERE TO SEE THE MAP.

Dear Neighbor,

It's also time for our annual update on what's been happening in Warren and in your neighborhood over the last 12 months. The economy in the country is improving and the real estate market in the Northwest Corner is slowly gaining strength.

Here's a little Warren history (our reporting year actually runs from February to February):

In 2007 there were 38 homes on the market and 15 sold.

In 2008 there were 36 homes on the market and 8 sold.

In 2009 there were 40 homes on the market and 10 sold.

In 2010 there were 48 homes on the market and 17 sold.

In 2011 there were 28 homes on the market and 12 sold

In 2012 there were 22 homes on the market and 13 sold

In 2013 there were 25 homes on the market and 17 sold

In 2014 there were 20 homes on the market and 25 sold

Today there are currently 25 homes on the market in Warren and this past year saw 18 houses sold That's a bit of a drop, indicating things have slowed down just a bit this past year. If we look at the land market there are 9 parcels currently offered (last year there were 12) and three sales recorded (last year there were 2).

In your neighborhood there were 7 residential sales and 1 land sale.

  Starting at 10 Henderson Road a 1638 square foot 3 bedroom 1.5 bath cape built in 1996 on 2.51 acres was first listed in January of 2010 fir $445,000, was foreclosed in June of 2015 and finally sold in September 2015 for $262,000.

   44 City Road is a charming antique of 1800 square feet with 3 bedrooms and 2.5 baths built in 1800 with 12 acres. It was located at the end of the road with lots of privacy and nice landscaping. The inside was as special as the outside and its location. It was first listed in April of 2015 and sold in August for $ 719,000.

  71 Brick School Road is a 2522 square foot 3 bedroom 2.5 bath farm house built in 1982 on 3 acres. It is a post and beam structure with wide board floors set well off the road and has its own swimming pond. It was listed in May for $745,000 and sold in November for $660,000.

  337 Brick School Road is a 1,100 square foot ranch with 3 bedrooms and 1.5 baths built in 1998 on 2.34 acres. It is surrounded on 3 sides by Lindstrom Park, a little used parcel of open space that the town owns. It has frontage on Gritman Pond. It sold for $234,500 in July.

  159 Cornwall Road is an 840 square foot contemporary with 2 bedrooms and 1 bath built in 1982 on 3.9acres. It was first listed in July of 2013 for $285,000 and sold September of 2015 for $205,000.

  77 Cornwall Road is a 1548 square foot cape with 3 bedrooms and 2.5 baths built in 1930 on 2 acres. It had been recently nicely renovated and came with a pool. It sold previously in September of 2013 for $275,500. This time it sold for $297,500 last April.

  165 Cornwall Road is a 2660 square foot colonial with 3 bedrooms and 2.5 baths built in 1987 on 4.62 acres. First listed at $359,900 in September of 2007, it finally sold after 4 reductions in November for $330,000.

       I have also listed a 100 year old stone farm house at 265 Cornwall Road just north of the 16 acres mentioned above. Part of the land is in Cornwall, but the 2400 square foot 3 bedroom 2 bath stone house is in Warren. You can see the details on our web site. The price is $339,500.

I am also happy to tell you for the 12th year in a row we have been the leading broker in Kent, Cornwall and Sharon with more transactions than any other broker. We would like to do the same in Warren and ask for your help. We also received again 2 separate recognitions for our work: The US Commerce Association gave us the designation " Best of Kent in 2011-15." The Connecticut Magazine conducted an independent survey of buyers and sellers through out Litchfield County where we finished with " Highest in Overall Satisfaction," a title we work hard for and cherish.

Meanwhile, check us and the activity out at www.bestofcountrylivingblogspot.com

If you know anyone thinking of selling their property, we would like the opportunity to talk to them about our marketing. Thanks. I'll write again in a year to let you know what's happened.

Respectfully,

David Bain

And the rest of our Associates:

Kent: Toni Soule, Debbie Bain, Dave Farity, Marilyn DeVos, Eve Iselin, Scott Harvey.

Cornwall: Priscilla Pavel, Heidi Kearns, Rick Meehan, Asher Pavel, David Hurlburt.        

Sharon: Chris Garrity, David Almquist, Jennifer Luning, Michele Pastre, C. Ethan Watt, Joanie Yahn.

 

Please note that not all listings and sales transactions are through David Bain Real Estate