Bain Real Estate Cornwall Hollow 2018 May Market Report.

Dear Neighbor, 

PLEASE CLICK HERE TO SEE THE MAP

A year ago when I wrote, I was thrilled with lilacs for May Day!  After the worst wintry April in my memory, on May Day we had daffodils, forsythia and magnolias.  Now in mid-May we have the fragrant lilacs back! 

The positive Real Estate news continues, especially in your neighborhood as last year we reported 6 sales, this year we report 10! Obviously your neighborhood is in demand.

The strengthening of values in our real estate market has been intensifying a bit each year and there have been fewer homes for sale.  Currently there are 26 homes for sale in Cornwall and another 5 are on deposit to sell within the next 30-45 days.  This means if you are considering selling your property, listing now may prove to be prudent strategy.

The Millennial Buyer who wishes to purchase a home wants one in tip top condition.  A house that needs considerable work or is "tired" is more often passed over for one that is ready to move into or new.

Here is what has happened in your neighborhood:

8 Town Street had been listed for some time above $595,000.  It is a vintage farmhouse on over 16 acres; the land extends down to Sharon Goshen Turnpike. Extensive renovations had been begun.  They were of high quality but remained unfinished.  The updates included a new kitchen with soapstone counters, Jenn-air gas cook top, Bosch Dishwasher, central air, laundry, walkout basement with finished rooms and new windows.  It closed at $400,000. That buyer has completed the work and it is now back on the market finished at $595,000.

92 Town Street is a lovely farm location with a 4 bedroom house, several outbuildings for livestock and/or storage/garage on a lightly wooded slope with some open fields as well.  The seller had created a working farm with a shop for vegetable and meat sales, then reverted it all back to a lovely home at the end of a private road.  It sold privately for $2,075,000.

Adjacent to 92 Town Street 3 parcels of land totaling 86 acres have been conserved and sold for $1,450,000.

191 Town Street is a beautiful English cottage with 3 bedrooms, 2 full baths and a redone gourmet kitchen set on 3 nicely manicured acres within walking distance of Cream Hill Lake sold for $530,000.  This home was on the market for 253 days with an initial asking price of $775,000 and an assessment of $388,300.

Just up Town Street, a few hundred yards from this cottage, 4 prime acres of the Scoville Farm sold to a family member for $160,000.

34 Cornwall Hollow Road came on the market as a HUD home.  It was in need of several repairs due to a former freeze-up, sold as is.  In spite of that it is a pleasant split level home with 3 bedrooms and a bath and a half sited on a hillside with a detached 2 car garage.  It sold for $129,256.

66 Cornwall Hollow Road is a large, 4332 square foot house set on over 5 acres.  Our associate, Dave Hurlburt, listed this house originally over $600,000 but it too suffered a pipe freeze-up.  The subsequent water damage was extensive.  Ceilings, walls and floors all suffered water damage.  The price was reduced to $325,000 for this 3 bedroom house, 2 with baths en suite, plus a living room with a fireplace.  A detached 2 car garage with studio/storage space above is located below the house on this wooded, sloping lot. It sold for the asking price of $325,000.

77 Hollenbeck Road is a nicely redone ranch, updated with low maintenance, energy efficient features.  It has 3 bedrooms, 3 baths, all new windows, central air, in-ground pool and an attached 3 car garage. In 2009 this house sold for $261,500 and was improved. In 2012 the house was listed for $395,000, several reductions and finally Chris Garrity, a Bain RE partner brought in the buyer at $230,000.

19 Clark Hill Road is a spacious colonial set on 5 acres with views. This 7 room house has 3 bedrooms, 2 fireplaces, slider out to a spacious deck and a finished lower level.

Originally listed at $375,000, with multiple offers it closed at $390,000.

166 Bunker Hill Road was an estate sale of a small rustic cabin of 1285 square feet with 3 bedrooms and 1 bath on 2.5 acres.  Listed at $179,000 it sold at $152,500.

Currently for sale in the neighborhood; 2 building lots and one farm:

39 Hautboy Hill Road is a farm of 88 acres with rolling fields and woods on both sides of the road.  This multi-generational family farm has been in the family since 1749.  The farmhouse has 4 bedrooms, 2 baths and an attached 2 car garage.  Outbuildings include a main barn 50'x290', 40'x70' storage shed, 20'x40' greenhouse, 36'x50' shop, 30'x80' barn, 40'x70'storage shed plus 2 bunker silos.  Dave Hurlburt's listing at $1,200,000.

15 Stone Hill Road is a 3.3 acre lot with a partially cleared house site featuring views across Scoville Farm and a babbling brook.  Chris Garrity's listing at $157,000.

20 Stone Hill Road is a 14 acre lot across from #15.  It has stone walls, a brook and a driveway in to the back of the lot at the far end. I have this listing at $199,000.

We hope you enjoy catching up with us each year.  We look forward to your visiting our West Cornwall office.  Our new neighbor, Pearly's Farmhouse Café is a very tasty place to visit.  As always we welcome your questions, referrals and business.

Cordially,

Priscilla Pavel

And the Cornwall Crew: Dave Hurlburt, Heidi Kearns, Asher Pavel

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