Bain Real Estate Northwest Warren 2018 July Market Report.

Dear Neighbors,

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The Warren market continues strong.  Last year, we reported 27 residential sales while this past year had 26 of them were over $1M and 10 were below $500,000, a nice balance.  The economy has reacted well to the tax cuts and we hope that will bring continued growth to our market.  It is an election year so we will have to wait to see how things settle out.   

In your neighborhood there were 12 residential sales last year!
  

Let's start up north on the East side or Route 45 where #245 sold last August for $555,000, just under its list of $599,000.  It was a 3544 square foot Cape with 4 bedrooms and 3 baths of 2.91 acres, an in ground pool & some nice views.




156 Cornwall Road is a 1176 square foot cape with 2 bedrooms and 1 bath built on a lovely 4.62 acre lot in 1931.  It was my listing and was sold by Dave Hurlburt from the Cornwall office for its list price of $239,000.




159 Cornwall Road is a 4 room, 2 bedroom, 840 square foot one level home built in 1982 on the back of 3.9 acres with a barn and small shed all at the end of a blacktopped longish drive.  A wonderful retreat listed and sold in 3 days by Dave Hurlburt from our Cornwall office for $246,000.



127 Cornwall Road is a magnificent 123 acre parcel with pastures, woods, manicured trails and long road frontage (1700') with a tall, thick stone wall running the length.  The 5045 square foot house is under construction with a large attached barn.  It's a magnificent estate in the making and sold for $2,000,000.

54 Cornwall Road is a 992 square foot 2 bedroom 1.5 bath ranch built in 1960 on 1 acre.  It sold last July for $125,000 at its list price in just 25 days.

23 Cornwall Road is a 2626 Square foot 3 bedroom 2.5 bath one level home built in 1962 on 3.05 acres.  This was one of my listings and had its problems.  We had to take down trees that engulfed the house, put in a new septic and fill in its unused pool.  It sold in March for $250,000, down from its list price of $295,000.

4 Cornwall Road or the "Warren Hamlet" or "Downtown Warren," a collection of 5 commercial spaces is under new ownership.  The new owner is making improvements; paving, new windows, and general sprucing and hopes to open soon with a deli and some vibrant stores.  Stay tuned!  My listing and my sale!  It closed in April for $375,000.



1 Bobcat is a 2712 square foot contemporary with 3 bedrooms and 2.5 baths built in 1990 0n 2.10 acres.  It was first listed for $409,000 in 2013, then $379,000 in 2017 and sold last August for $332,500.

178 Kent Road is a 2448 square foot contemporary with 3 bedrooms and 2.5 baths built well off the road in 1968 on 20 acres.  It also had a separate artist's studio and a pool.  It did need updating, and deserved the attention.  It was listed for $399,000 and sold in January for $350,000.

235 Kent Road was a bank sale of a 1094 square foot 3 bedroom, 2.5 bath ranch built in 1970 on 3.56 acres.  It did have a large attached shop that was more liability than asset and the house was in bad condition.  First listed in October of 2017 for $169,900, it sold in May for $100,500.

170 Brick School is a lovely 1824 square foot  3 bedroom 2 bath cape built deep in its 12.85 acres with the entrance drive around a pond and 24'x32 barn out back.  Listed for $549,000 it sold for $475,000 in 202 days.

21 E Greenwich is a 2296 square foot 3 bedroom 2 bath home built in 1988 on 2.26 acres.  It was first listed by another broker in May of 2015 for $344,900.  We listed it for $324,900 sold it 169 days later in September of last year for $320,000.

On the land side of the ledger things are slower with just 10 parcels currently being offered for sale and 4 of those are over 25 acres.  On the sale side there were only 2, but they sold together as one: 

7.8 acres on the corner of Brick School and Sand Castle Roads sold a year ago in July for $152,000.

We have two properties for sale on Kent Road:

35 Kent Road is the nicest 18^th century home I've seen in this price range.  With 1665 square feet, 3 bedrooms, 2 baths, 6 fireplaces, great gardens, a pond and brook and 9.8 acres that abut open space, I think it's a steal at $385,000.

21 Kent Road is a 988 square foot 2 bedroom 1 bath ranch built in 1063 on .26 of an acre.  The lot is small, but it abuts larger parcels and actually has a lot of privacy.  There is land trust and ponds close by.  It's listed for $219,000.

If you or your friends need any real estate help, please keep us in mind. You can find all the properties for sale on our website, www.bainrealestate.com . You can also receive this letter and other neighborhood real estate information by leaving your email address there or sending it to me at db@bainrealestate.com. Have a great summer! I will write again next year.

Respectfully,

David Bain and Chris Garrity

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