Bain Real Estate Sharon Village 2018 Market Report.

Dear Neighbor,

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The strengthening of real estate market has been increasing for two years as born out in the diminishing inventory of homes for sale.  2015 there were 70 houses available for sale in Sharon. 2016 averaged 47 residential homes, 2017 averaged 51 residential homes and presently we have the same amount, 51 homes for sale. 

Equally strong are sales with 45 homes selling in the last 12 months just slightly below the 51 sales the year prior.  The increased demand and a sell-off of an over supplied market of 75 listings a few years back is promising. 

Even with fewer houses available there are still a number of distractions that foster a buyer's hesitation, whether it is unpredictable international or national events, the financial uncertainty of the State of Connecticut or the coming of age of younger buyers whose desires and goals vary considerably from the previous generation of buyers.   There seems to be many uncertain issues.

The Millennial Buyer who wishes to purchase a home that is in tip top condition is one such issue.  It's challenging to discern if the culprit is the HGTV or that today's 30-40 year old was not brought up to relate to fixing up houses is unanswered.  Nevertheless a house that needs considerable work or is "tired" or not updated is more often passed over for one that is ready to move in or new.  The better your house presents, the higher the value one will see. 

Here is what has happened in the neighborhood since our last letter:

3 West Woods #1: 4 Bedrooms 4.5 Baths 4,046 Sq. ft.This truly elegant and historically significant house built in 1776 has been meticulously restored, maintaining its original detail and enhancing its value with all new windows, insulation, wiring, central a/c, fabulous kitchen with marble countertops, 2 refrigerators, 2 dishwashers, gas stove and pantry. The 27' x 15' living room features original paneling on walls and ceiling, built in corner cupboard, bookshelves, fireplace and French doors out to a terrace. The library and the dining room also have fireplaces. There are 4 bedrooms each of which have new ensuite bathrooms. The master bedroom suite features a sitting room with fireplace and huge walk in closet. There are two other buildings on the property which totals 10.27 acres in two parcels. A 3 bedroom apartment is on the second floor of the carriage barn that has 7 stalls and the cow barn can be used as a garage. Sold $2,057,790.

1 Great Elm-Unit #3: 2 Bedrooms 2.5 Baths  2114 Sq.ft.This renovated, two bedroom, two-and-a-half bath condominium is located in the historic main building in Great Elm. This first floor one-level residence includes a bright open floor plan, detailed moldings, built-in cabinetry, wood floors and two private patios. The original custom coffered ceiling in the large living room provides both a unique and elegant style. The professionally landscaped estate grounds include a full-length swimming pool, a pool house, paddle tennis and tennis court.The unit comes with its own separate garage as well as additional parking space. Sold $590,000.

112 Cornwall Bridge Road: 3 Bedrooms 2 Baths 1,433 Sq. ft.Sparkling clean village Cape with quality updates. The kitchen was professionally designed and both bathrooms renovated with lovely appointing.  There is a large formal dining room and spacious living room with fireplace and built-in shelving. There is also a screened porch with a view across a lovely parcel of land. Sold $340,000 

125 Cornwall Bridge Road: 3 Bedrooms 3 Baths 3,113 Sq. ft.Lovely 1910 home elevated off the road with pretty views.  The house maintains wood flooring, open rooms with wood flooring throughout. There is a formal living room and dining room, separate screened/glassed porch and an eat-in kitchen. Needing some updating the house also offers a 2500 sq. ft. studio with a 1 bedroom, 1 bath apartment.  This property sold privately.  Sold $1,100,000.

 2 Jackson Hill Road: 6 Bedrooms 4.5 Baths 3,850 Sq. ft.Set on high with scenic views across 24 acres of wild life strewn bottom land, this beautiful 1900's Colonial style home boasts 6 bedrooms and 4 bathrooms with a pre-war craftsmanship and modern touches. The country kitchen is modern and there is more potential here. There is a formal living room and a spacious family room with a greenhouse. This house combines both new and old touches complete with three gorgeous native stone fireplaces, wood flooring, book case lined library and more. There are stone patios to sit and view the mature plantings that dot the property.  We have this for sale at $425,000.

2 Upper Main Street: 4 Bedrooms 3.5 Baths  2,173 sq. ft.                                    This charming, elegant antique barn style home built in 1800 sits down a long pebble driveway just off the Sharon Green providing abundant privacy. Open floor plan, ideal for entertaining, with large stone fireplace, exposed beams and pristine wide board floors. Main floor master with vaulted ceiling and additional 3 bedrooms upstairs. Tastefully upgraded country kitchen plus many other recent renovations and newly painted exterior. Large porch off  the kitchen. Mature landscaping and country garden. Sold $555,000.

8 Upper Main Street Unit#12: 2 Bedrooms 2 Baths, 1,042 SqFtAnother second level unit has two bedrooms and 2 baths - master bath being en-suite. There is a working fireplace in the living room as well as a private deck. There is a separate dining room with engineered wood floor. A large utility room houses the washer and dryer and mechanicals. The unit is air conditioned. The garage is located on the upper level conveniently eliminating the need to climb stairs. Sold $141,000

 18 Upper Main: 4 Bedrooms 3.5 Baths 1,044 Sq. ft.Renovated Antique in a quiet location overlooking the historic Village Green. Stylish and bright with a brand new open kitchen/family room with fireplace, large mudroom and private fenced lawn. Choose to use the en-suite master on the first floor or the one on the second floor. It is filled with architectural details yet has new wiring, new plumbing, new baths, new kitchen and new appliances.  Professionally landscaped with extensive plantings this property has a private new brick and stone terrace, stone walls and a charming front porch. Sold $525,000

29-31 West Main Street: Commercial Condominium Building + Single Family HomeHeart of the village is where the Pig's Fly Restaurant is located in a 1,088 sq. ft. commercial building that was updated in 2013. It is now ADA compliant with a bathroom, commercial kitchen and metal roof. The tenant would rent long term.  The second building has two bedrooms and 1.5 bathrooms. Custom made kitchen with fireplace, tiled flooring and plenty of storage. The two bedrooms are of good proportion and offer large closets. There is private parking and a small yard. The patio has sliding doors from the living room providing good natural light. The rental income has been steady over the years with a very low vacancy rate.   I have this listed For Sale: $450,000.

Kings Hill Road:  11 acre undeveloped land parcelDavid Bain helped the buyer of this 11 acre parcel who is planning to build a single home but the land is zoned for 3/4 acre zoning, which means the land is capable of housing 14 residential homes, or condominiums. Sold $175,000

155 Sharon Valley Road: 2 Unit apartment building-commercial zone.I have this rental producing building available for sale with two large 2 bedroom units.Detailed with all new upgrades each apartment has large open rooms with antique wood floors, big windows and high ceilings. Sweeping front porch, individual laundry rooms and all utilities are modern from the roof to the heating system and septic and central air conditioning. Presently two lovely rented apartments with strong income, this can be converted back to a one family or live on one level and generate income from the other. Investor grade property with good income offers a spacious level back yard that fronts on two roads. For Sale: $295,000

158 Sharon Valley Road: 2 Unit apartment building-commercial zone.Just across the street another investor property of two rental units sold. Two 2-story newly renovated apartments. One has 3 bedrooms, 1/5 baths, the other 4 bedrooms, 1 bath with new appliances. Each has its own enclosed sun porch, laundry hook-ups in pantry, furnace and oil tank, electric service and hot water heater - all in good condition. Each unit is approximately 1440 sq. ft. David Hurlburt of my firm listed and sold this property. Sold $161,200.

198 Sharon Valley Road: 3 acre parcel of undeveloped landI sold this 3.5 acre parcel of open field in Sharon Valley with sweeping eastern views. Southern exposure is great for photovoltaic solar capture making living here beautiful and green! Tucked sweetly in and among other homes yet hidden well with stands of trees protecting both flanks, this lot is private. Sunrise here is special here so if you like to sleep late, the master bedroom will be located on the west side of your desired home. Sold $75,000 

27 Millerton Road: 2 Bedrooms 1 Baths 1,536 Sq. ft.I listed this large converted dairy barn that has grand space and had been an artist's home and workspace studio. It has wood flooring, two bedrooms on the second floor plus a large studio space, workspace garage and separate barn. Kitchen and bathroom are functional but the entire barn required considerable renovations and repair like windows, floors, siding and roof. Sits on over 2 acres and abuts expansive wetlands and has wonderful western views. Sold $80,000

21 Mudge Pond Road : 3 Bedrooms 2 Baths 1,404 Sq. ft.This restored vintage cedar shake cottage across from Silver Lake has an open, spacious yard.Light filled home with a large living room, dining room & sun porch.  A newly renovated kitchen with farmhouse cabinetry & stainless appliances has been installed. New bathrooms, refinished wood floors though out. Open front porch with winter views of the lake.Sold $217,500 

27 Mudge Pond Road : 1 Bedrooms 1 Baths 988 Sq. ft.This simple cottage on .3 of an acre was built in 1930, has a fireplace, wood floors and is heated with a forced hot air system. Needing some attention but nice. Sold $70,000

50 Gay Street: 4 Bedrooms 1.1 Baths 1,596 Sq. ft.Spacious and well-maintained antique conveniently with 4 bedrooms, 1.5 baths on .6 acre nicely set back from road. Several new windows, beautiful wood floors throughout the majority of the house. Built-in bookshelves, French doors, and detailed trim make this a special in-town home. Sold $200,000

 
40 Calkinstown Road: 4 Bedrooms 1.1 Baths 1,344 Sq. ft.Built in 1938 this Eyebrow colonial house sits on Beardsley Brook.  Level lot of .64 is open and has mature plantings. The house is well maintained and has wood flooring and a fireplace. Sold $180,000

62 Still Meadow Road: 3 Bedrooms 3 Baths 2,240 Sq. ft.One level country home fully renovated with a large country kitchen with a cathedral ceiling, rustic beams and reclaimed wood flooring.  There is a great room with 13 foot beamed ceilings with a floor to ceiling stone fireplace.  The private master bedroom suite offers cathedral ceiling and a double sided fireplace.  The level land entails matured plantings, large lawn and woods on over 3 acres. Sold $550,000

55 Still Meadow Road: 3 Bedrooms 2.1 Baths 2,128 Sq. ft.This 2010 Colonial is sited on 39 acres of wetlands and meadow with about 4 acres of dry land and some horse paddocks available. The sunsets over the pond are beautiful. There is a large barn with horse stalls below and an unfinished apartment space above. The barn, with 2500 square feet on each floor, is connected to plumbing and septic. There is also a pool but it has not been opened in several years and it's condition is unknown. While some TLC may be required, the house appears to be in good condition and an opportunity as it was bank owned. Sold $625,000

There are a few offerings on the market and if interested call us, stop by the office or visit our website atwww.bainrealestate.com.   One can find not only the afore mentioned listings and sales but also one can 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




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