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Email Post to a Friend: Bain Real Estate 2022 July Studio Cobble Market Update

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August
31

 

Dear Neighbor,

Summer of '22 is upon us and we are all attempting to get back to pre-pandemic days. Sales during the last two years have outstripped available houses for sale resulting in a dearth of listings available for people desirous of moving to Kent.

Because of this imbalance we are seeing some buyers and sellers on the sidelines waiting.  Waiting for what is the question.  The idea that the market will be flush with listings soon is not realistic. It is a seller's market, but one should sell only if one has a place to move.  We predict this new paradigm will be here for a number of years.

Kent registered 48 sales in the last 12 months. This is 34 fewer home sales than in the 2021. This dramatic drop is not due to lack of interest, but lack of inventory.  There are 10 homes in contract presently and only 8 available to purchase. Despite fewer listings, purchasing desire is strong, sales are brisk and competition is fierce.  Here is what has transpired:

19 Saint Johns Acres                         10/29/2021                  $895,000

Amy Longley of my firm sold this Mansard styled home on private 2.5 acres which abuts the 480 acre Housatonic Wildlife Management Area. There is 3500 sq ft of interior space which was architecturally remodeled in 2015. The expansive kitchen has modern lighting, free standing gas fireplace and state of the art appliances. A 50' x 20' saltwater pool and Jacuzzi spa is located just off the kitchen. The bookcase lined study has a wood-burning fireplace.  And a small living room opens to a private and sunny home office. There are 4 bedrooms and 3 full and 2 half bathrooms in the home.

6 Botsford Rd                                    1/2/2021                     $509,000

This updated 3 bedroom, 2 bathroom ranch has an open 3.14 acre plot that capitalizes on its southern exposure by employing solar panels for efficient energy use. The house was built in 1987 and has over 2100 sq. ft. with a large eat-in kitchen. The gathering room is more formal with a fireplace and wet bar. There are hardwood floors throughout the home as well. An expansive deck off the back of the home offers privacy and views.

18 Mauwee Brook Rd                       1/29/2021                    $860,000

A mountain brook flows through the one acre property of 18 Mauwee Brook that I sold. This 2300 sq. ft. 4 bedroom Cape style home is a solid dwelling with many creative details. Cherry flooring provides a warm accent to the home. A brick fireplace flanked by bookshelves, adorn the living room. The renovated kitchen has ample counter space and stainless appliances. The main suite is on the first floor. Three more bedrooms on the upper level are very large. There is a separate studio, plus a spacious game room with a half bathroom and laundry that leads to the pool.

65 Kent Cornwall Rd                       3/3/2021                      $228,000

Built in 1930 this 2 bedroom, 1 bathroom home has 837 sq ft of living space. Featuring a stone fireplace, screened in porch and cedar lined closets; the home has all the comforts. The house was renovated in 2009 with spray foam insulation, new sheet rock and new septic. Sited on a half acre the fenced in back yard has mature plantings and a nice lawn.

121 Kent Cornwall Rd                     4/11/2022                    $1,400,000

One of the early houses in Kent's Flanders section this Colonial is in good condition.  David Bain and I sold this stately 1814 home that offers 5 bedrooms and 4 bathrooms.  There are 4 fireplaces and antique floorboards, moldings and paneling.  Set on 1.2 acre surrounded by State land the setting is complete with pool, screened cottage and barn.

10 Pheasant Run Rd                         9/10/2021                    $500,000

This is a 2700 sq. ft. log home with one level.  With 3 bedrooms and 2 full bathrooms to the house, there are just over 2 acres of land off this private road. This was a private family sale.

 

69 Studio Hill Rd                               2/7/2022                      $850,000

Toni Soule and I sold this post and beam designed home that blends old world construction with modern sensibilities.  The home utilizes modern elements of expansive windows, open floor plan, soaring atrium-like ceilings with old world natural native stone, large timber frame with mortise and tenon construction.  It is both comfortable to reside as well as admire. Two massive native cherry post sentinels are practical in holding up the three story open room to the cupola above but also designed to add delineation of space in the open floor plan between the kitchen, dining area and living room. The stone fireplace is a focal point of the space while a modern woodstove adds a rustic touch. There are 3 bedrooms on the second level and a small office on the third floor. A 2009 addition is a made of a wood pegged truss design.  This space has a large bedroom/bath suite, complete kitchen and a useable loft. Stone walls outline the 2.5 acre property abutting miles of hiking trails in the Cobble Brook Preserve.

16 Cobble Ln                                     9/20/2021                    $1,567,000

This modern styled home includes 4 bedrooms, 3.5 baths plus an attached guest house. A long, private driveway leads to this 5200 sq. ft. home with over 5 acres. There is a screened porch, dining room and living room each with a fireplace, a kitchen, plus a bedroom suite on the main floor. The primary bedroom suite and 2 other bedrooms occupy the upper level. The separate guest house entails an expansive great room, bedroom, bath, kitchenette and library. There is also a private bonus room with full bath above the 2-car garage.

Lot 1 Cobble Rd                                10/22/2021                  $180,000

From this 5 acre perch along west side of Cobble road, a wooded building site offers views overlooking Weantinoge Heritage Land Trust's signature Cobble Brook Vista Preserve - a dramatic mosaic of grassland, meadow, and upland forest.

99A Cobble Rd                                  1/29/2021                    $795,000

Discreetly tucked well back from Cobble Rd, this 3 bedroom, 2.5-bath home has wonderful views across land trust fields. Built in 1983 with nearly 2100 sq. ft., the house features a main bedroom suite with vaulted ceilings. The house also boasts two fireplaces, one in the living room and the other in one of the 2 bedrooms upstairs. Set on 6.81 acres the property abuts the land trust on two sides.  

 

173 Cobble Ln/00 Segar Mtn Rd     2/16/2021                    $616,140

My partner David Bain sold this 2 bedroom and 2.5 bath home was built in 2002 sited to enjoy both pastoral views and abundant light. The kitchen has a center island, cherry cabinets, gas range and soapstone sink.  The living room has a wood burning fireplace and opens to a screened-in porch at the back of the house. The second floor has a spacious main bedroom and guest room. The property entails over 8 acres of open field and frontage on Cobble Brook.

 

 

We hope you are well and keep strong spirits. We feel so fortunate to be here, continuing working and thriving in this very curious time. Thank you.

And if you are considering selling this seems to be an unprecedented time to capitalize. Call us for a free assessment of your house, office or condo. Or stop by the office or visit our website at www.bainrealestate.com

All the best!


Chris Garrity                                                        

Chris Garrity & Associates-David Bain, Debbie Bain, Toni Soule, Erin Hull, Amy Danis, Amy Longley, Elisa Waysenson & Heidi Kearns

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