Bain Real Estate Waramaug July 2019 Market Report.
Things around the lake seem to be slowing down! Last year there were 14 sales with 3 of them passing the $4M mark. The year before that saw 18 sales. This past year had just 10 sales, one topped out at $5,100,000 and three more were below $1,401,000. Perhaps we need the breathing space. Looking ahead, there are 13 for sale, 3 asking $3.9M or more and another 6 looking for $1-3M. That market bears watching. Call us for details.
Here's what happened:
Following the map, right at the beginning of North Shore Road, 100.7 acres of pasture and hillside transferred directly for $5,100,000.
35 Mountain Lake Road is a 1526 square foot contemporary with 2 bedrooms and 1.5 baths set on 1.91 acres. Originally built in 1985, it was recently totally renovated in 2008 with a metal roof and central air. It sold for $500,000.
35 Sheehan Road is a 2302 square foot 4 bedroom 2.5 bath contemporary that was totally and tastefully renovated on 3.31 acres with a narrow view of the lake. It sold for $700,000.
32 Sheehan Road, just across the street, is a 3723 square foot contemporary with 4 bedrooms, 3.5 baths, a pool and a good view over the lake all set of 3.06 acres. It sold for $1,150,000.
64 Hopkins Road was a 16.7 acre parcel of land that sold for $499,000. It now has a beautiful 5,000 square foot 3 bedroom 4 bath home with pool. List price was $1,775,000. It closed on July 2, 2019 for $1,575,000.
383 Lake Road is a 3003 square foot saltbox with a large addition with 3 bedrooms and 4 baths built at the end of a 1800 foot private road with 30 acres of woods and a tumbling brook. Originally listed for $1,350,000, it finally sold 2 years later for $723,000.
Moving down into Washington…
166 East Shore Road, is a 2240 square foot lake cottage with 4 bedrooms and 2 baths built on 1.7 acres with a great deck and patio picnic area right on the lake. It sold for $962,500.
162 East Shore is a wooded, steep parcel that went to Steep Rock for $136,000. This was a private sale.
27 West Shore Road is a 1763 square foot cottage with 3 bedrooms and 2 baths on .4 of an acre but with a guest house and boat house and floating dock. It sold for $1,250,000 as soon as it was listed!
15 Tinker Hill Road is just a bit down the road, although the 1369 square foot contemporary ranch sits high above the lake giving it both views and privacy, this 2 bedroom home also has waterfront with a floating dock. It sold quickly for $1,400,000.
There are other offerings on the market and if interested call us, stop by the office or visit our website at www.bainrealestate.com. One can find not only listings and sales but also this letter and all other Kent neighborhood letters archived on our site too. If you wish to follow our blog for new listings, sales and other interesting real estate tidbits join up from our website. We would love to have you like and follow us on Facebook and Instagram. Hope you enjoyed the 4th and the fireworks!!
and all at the Bain Office
Please note that not all listings and sales transactions are through David Bain Real Estate