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Date Archives: February 2020

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February
29

 

Bain Real Estate Sharon Village February 2020 Market Report.

PLEASE CLICK HERE TO SEE THE MAP

Dear Neighbor,

 

February 2020 provides a proper perspective of how Sharon's real estate values unfolded in 2019.  A slight uptick in sales occurred from 46 closings in 2018, to 49 sales in 2019.  A more surprising statistic, however, is the 60% reduction in inventory over 5 years.  Listing inventory is down to only 44 houses available in comparison to the nearly 75 listings in 2015.  What are the implications?  We think that this market constriction will likely bolster house values even further and make land that much more attractive, which has yet to recover from the 2008 recession, making the market all the more intriguing. 

 

Nearly 50% of Sharon sales in 2019 were below $400K, including 4 condos.  The $400K-$1MM range earned 35% of the market transactions while 14% (7 sales) transpired above the $1MM mark.

 

Those who've been waiting on land to regain values lost over the last 13 years may find encouragement in 2020. The lack of house listings and a limited number of land offerings (23 parcels) is a positive sign that the consumer may reconsider building as an option, though a cautionary perspective is advised as there were only 4 land transactions in Sharon this past year.  The village has seen strong transition with a varied sales array from condos, multi-use, in-town homes to estates. 

 

Here is what has transpired:

 

33 Amenia Union Rd.  Sold- $2,675,000

Classic 5-bedroom 18th century federal home with a 3-bedroom guest house sits upon 8 acres of gardens and lawn. Completely renovated with authentic, old-world character, it has 4330 sq. ft. of spacious rooms. The original foyer in period details opens to the dining room, living room, and library; each offering a wood-burning fireplace. The kitchen includes a separate butler's pantry with wet bar. The master suite has a screening room, fireplace, and spa bath. French doors open to the sunroom and level lawn with a heated, gunite pool. Beautifully landscaped grounds, with mature plantings, specimen trees, stonewall, and a formal boxwood garden with western sunset views.

 

85 South Main St.  Sold- $1,600,000

Tucked well off South Main Street, this 7500 sq. ft. modern home is a private in-town compound. There are 5 bedrooms and 4.5 baths in the main house plus a separate 2 bed/2.5 bath guesthouse. Dramatic chef's kitchen with a fireplace, top grade appliances and walk-in butler's pantry is comfortable as well as utilitarian. Other noted features are an elevator, wine cellar, Lutron lighting, generator and indoor heated pool with its own cabana. Set on a level 10.5± acre lot the property abuts the Sharon Country Club. Lovely distant views can be seen from the large exterior porch.

 

33 South Main St.  Sold- $1,085,000

Built in 1964, set on over 5 landscaped acres with specimen trees, spectacular open western views and surrounded by numerous estates.  While not an antique, it maintains classical design and details.  It has over 6000 sq. ft. of living space including 4 en-suite bedrooms and 5 bathrooms.  The formal spaces are sizeable with 2 wings.   The north wing has a large living room and south wing has a two story book-lined library. The large light-filled kitchen has a bank of French doors leading to the large patio and views of the pond.  It was a bank owned property that sold quickly.

 

22 Upper Main St.  Sold- $389,000 (in total)

Hamlin House is a multi-unit property where units A, C, D and E sold separately to one entity. 

Unit A sold for $70,000 offering 656 sq. ft. with 1 bedroom and 1 bath.

Unit C Sold for $80,000 and is a 1 bed/1 bath with 620 sq. ft. needing updating.

Unit D sold for $90,000 and offers two bedrooms, one and a half bathroom in over 800 sq. feet of space.

Unit E sold for $149,000 and is a renovated 1 bedroom/1 bath that comes with 1-car detached garage.

 

8 Upper Main St. Unit 16  Sold $170,000

This Sharon Green first floor condo has a formal living room with a wood fireplace and separate dining room both with engineered wood flooring. This unit is of generous size of 1206 sq. ft. with 2 bedrooms and 2 bathrooms. It is centrally air conditioned and has a garage space that also contains a storage unit.

 

4 Upper Main St. Unit 4  Sold $150,000

Not listed in the MLS, this 2 bedroom, 2 bathroom condo unit has over 1200 sq. ft of living space.

There is carpeting throughout as well as a fireplace and central AC. There is screened porch, considerable storage and a 240 sq. ft. garage.

 

203 Amenia Rd.   Sold- $269,000

Quintessential 1940's Cape Cod style home with old world charm and new world updates. There are 2 bedrooms and 1 bath in this 1,435 sq. ft. cottage.  Patina hued wood flooring, boxed beams, raised hearth fireplace, inglenooks, French garden doors and numerous other details are in the offing. Recent upgrades of new windows, septic and well. Cozy screened porch overlooks formal gardens. Marilyn DeVos of my firm listed this petite country home that spent only 79 days on the market.

 

87 Sharon Valley Rd.  Sold- $345,000

Updated antique home with 3-bedrooms and 1.5 bathrooms has many fine details.  Old world craftsmanship such as aged pine floors, beamed ceilings, wood paneled rooms and Dutch doors. Living room offers a fireplace and dining room opens to a sunroom.  A first floor bedroom and bath complete the main living level. It has been mechanically attended to with updated bathrooms and windows. Land has frontage on the Webatuck Creek, a vegetable garden, fenced pasture and a barn. 

 

146 Sharon Valley Rd.  Sold- $100,000

An 1861 residence entailing 2 bedrooms and 1.5 baths sold privately. Appearing to need updating, the house has a wood shingle roof, plaster walls and carpeting. A garage is on the.27 acre parcel as well.

 

123 King Hill Rd.   FOR SALE - $280,000

Spacious two story colonial sited on .79 acres with frontage on Indian Lake Creek. Kitchen, dining room and living area have an open concept and considerable natural light. Well equipped kitchen opens to a dining room and a large back deck.  The living room features a wood burning fireplace. There are 4 bedrooms, 3 baths and finished lower level. Large backyard with gardens plus a separate 2 car garage for storage.  Toni Soule of my office has this listing which is in contract to sell.

 

5 Millerton Rd.  Sold - $260,000

My associate, David Hurlburt listed and sold this immaculate 3 bedroom home, 1.5 baths with 1800 sq. ft.  The views to the north and west are stunning and can be seen from anywhere in the house. Hardwood floors throughout the home have been carpeted but are easily removable.  Open and spacious living room with wood stove flue and hardwood floors, finished lower level with two-car under house garage.  The 1.27 acre parcel has an open lawn/field to the valley views. It spent 81 days on the market.

  

9 Millerton Rd.  Sold- $350,000

This 2007 Cape style home with 3 bedrooms and 2 full baths is well maintained.  The open floor plan includes a kitchen with a breakfast bar, dining area, spacious living room featuring a pellet stove. There is a second floor loft with a sitting area, office, library as well as a master bedroom with full bath. The lower level offers semi finished walk-out space with possible 3rd bath plus additional pellet stove, generator hook up and invisible fence.  David Hurlburt listed this 1.21 acre property of lawn and views.

 

17 Hospital Hill Rd.  Sold- $266,750

This commercial building is presently a medical office with over 3000 sq. ft. on two floors. This office has 1.5 bathrooms and has no central air conditioning.  It has a half acre and was a private sale.

 

29 West Main St. Unit 1  Sold- $265,000

Another private sale-2 building commercial condominium- includes a 1088 sq. ft. restaurant and a separate 2 bedroom 1267 sq. ft. residence. The restaurant underwent an expansion in 2015 and has a full kitchen, outdoor seating, handicap bath and parking.  The 2 bedroom residence has a fireplace, wood floors, 1.5 baths and an eat-in kitchen.  The residence also has a private patio and separate parking.

 

133 Main St.  Sold-$439,000

It took only 21 days to sell this lovely Sharon Green Cape that we had sold 3 years earlier for $330,000. Built in 1927, this 2 bed/2.5 bath home has 1774 sq. ft. with old world style details. Custom moldings, hardwood floors, paneling, Dutch doors, built-ins and intricately scrolled fireplace mantels. Recent renovations include: a kitchen featuring a Connoisseurian gas cook-top and red cherry butcher block counters. There is a 3 season porch off the kitchen overlooking the gardened back yard. Both guest bedroom and master bedroom were updated and have en-suite baths & walk-in closets. There's a small office plus a walk-up attic and a partially finished lower level. Mechanical improvements include a Buderus Boiler and on-demand hot water heater and a new roof.

 

96 Upper Main St.  Sold- $595,000

1788 Antique. This in-town beauty has 4 bedrooms, 3.5 updated baths and has had extensive improvements. An overly large living room anchored by a fireplace plus floor-to ceiling windows. The family room has a wood stove and doors to a private stone terrace. There is a formal dining room with built-In cabinetry. Kitchen offers an old world butler's pantry and back staircase.  The 2 master en-suite bedrooms are complimented by the additional 2 guest bedrooms. A screened porch, wood floors, exposed beams and other details are included. It is sited at the top of the Green on a level lot.

 

60 Hilltop Rd.   Sold $922,500

This country ranch is situated on 3.62 open acres and offers privacy and beautiful views. Gracious and spacious living spaces are all presented on one level and feature two living rooms, an updated granite kitchen, a large private master suite, two further bedrooms with one en suite, two offices, 3 fireplaces, a sun room and wood flooring throughout. There is a large separate heated studio with its own private entrance. An expansive lawn sprawls and hosts specimen trees. A stone patio, a whole house generator and a 2-car garage are also enjoyed here. Bain associate, Toni Soule assisted the purchasers of this home.

 

36 Gay St.   Sold $130,000

A private sale of this one level home on .49 acres includes a residence built in 1965 with nearly 1,100 sq. ft.  There are 2 bedrooms and 2 bathrooms featuring wood floors, central air, generator and a fireplace.

 

 

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 the aforementioned 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.  Please feel free to follow and like us on Facebook and Instagram. 

 

Best Regards,

Chris Garrity &

David Bain

Associates: Toni Soule, Marilyn DeVos, David Hurlburt, Scott Harvey, Karen Grimaldi, Heidi Kearns,

Asher and Priscilla Pavel

 

  

     

   

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

 

 

February
8

 

 

Bain Real Estate Brookwoods and North Kent 2020 January Market Report.

PLEASE CLICK HERE TO SEE THE MAP

Dear Neighbor,

The New Year provides a review of how Kent's real estate values have unfolded in 2019. Little has changed from 2018 with 49 closings and 53 sales in 2019.  A surprising statistic is the significant reduction in inventory.  Listing inventory is down over 15% YTY.  There are only 33 homes available. What are the implications?   We think that market constriction will likely bolster house values and make land, which has yet to recover from the 2006 recession, all the more intriguing. 

Nearly 60% of Kent sales in 2019 were below $400K.  The $400K-$1MM range earned 30% of the market transactions while 10% (5 sales) transpired above the $1MM mark.

Those who've been waiting on land to regain values lost over the last 13 years may find land sales rebound in 2020. The lack of house listings and a limited number of land offering (16 parcels) is a positive sign, though a cautionary perspective is advised as there were only 2 land transactions in Kent this past year.

 

Here it is what has transpired in your neighborhood in the last 12 months.

 

310 Kent Cornwall Road- Sold–$200,256

A foreclosure that requires considerable renovation. This colonial built in 1900 offers 2800 square feet. It has 3 bedrooms and 2.5 bathrooms. There is a nicely sized kitchen, separate dining area, a family room and mud room. The living room offers access to a back yard and 2.75 acres. There is hardwood flooring throughout plus a two car detached garage and a full, unfinished basement.

 

  316 Kent Cornwall Road- Sold- $1,002,000

This 1797 barn with new construction offers 3 bedrooms and 3.5 bathrooms. Soaring ceiling, stone fireplace, exposed posts & beams, barn siding, open space, and silo are the major features. There is a modern kitchen and baths, oak flooring, smart home technology and a park-like setting with a pond and pool.  The upper level has a loft overlooking the living room, a full bath and bedroom (in the silo) with a conical ceiling. The lower level has a 3-season porch, media room and laundry. The level and open property is entailed on 3.6 acres and features a gunite pool, pond, pergola and sweeping lawns and native shade trees.

  

497 Kent Cornwall Road-Sold-$260,000

1985 contemporary ranch with views of the Housatonic River entails 3 bedrooms and 2 bathrooms in over 2200 sq. ft.  An open floor plan includes a wood-beamed living room, dining area and kitchen.  Plus, it has a large sunroom offering a vaulted ceiling and access to a deck with back yard views of the river. The lower level has a family room, wood stove and two additional rooms plus a full bath and sliding doors to the exterior. Set on 1.91 acres of woods.

There were no sales in Brookwoods in the last year but there are two properties on the market for sale for an average asking price of $234,500.  That's slightly above the average sale in the last 5 years of $230,666.

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 the aforementioned listings and sales but also one can find this letter and all other Kent 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. 

 

Happy 2020,

 

David Bain &

Chris Garrity

Associates: Toni Soule, Marilyn DeVos, David Hurlburt, Scott Harvey, Karen Grimaldi, Heidi Kearns,

Asher and Priscilla Pavel

 

         

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