Bain Real Estate - Market Update

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Dear Neighbor,

We are seeing the path back to a more balanced market. There is a small pool of buyers who are serious and will buy if the right house and value coincide. In fact your neighborhood has seen the most sales in the last 12 months. There is still more property supply than buyer demand, but the number of offerings is being slowly chipped away.

43 Residential Homes in Kent sold 2015-2016

There were 11 transactions in your neighborhood. Here is what is going on.

We saw 11 more sales year over year suggesting a more bullish buying sector. That said winter was milder this year so a seasonal effect may also figure in this bump in sales. Interesting is the increase time it took to sell a house climbing from 149 days on average to 215.

A benchmark of the market’s health is the number of available listings. While there are only slightly fewer listings on the market today (53) than three years ago (58), we have been trending on a decreasing plane. A balanced supply and demand create a more normalized market. Also encouraging is the fact that there are 8 homes in contract presently. Here is what has transpired in the last 12 months.

100 North Main Street- Listed for $1,200,000 since October 2015

Bedrooms:6/Bathrooms:4full 2 half

Originally built in the early 1800s this classic colonial was remodeled by Milton Raymond, an important figure in the local iron industry. Since that time this landmark home has offered gracious living at the edge of Kent's center. Upgraded in 2000 this elegant home is in top order and is large enough to house a large family or intimate enough for a few. The 11 acres of open land and high hillside offer much flexibility for further development. The large barn built in 1862 also offers multi use opportunities.

My partner Chris Garrity has listed this beauty.

9 Kent Cornwall Road- Listed: $195,000/Sold: $185,000

Bedrooms:4/Bathrooms:3full

1900’s antique within walking distance to the Village with many original features in this farmhouse; wide board floors, period molding, old sink, paneled doors, two fireplaces. A gem requiring some TLC includes a barn/workshop, front porch views across to rolling protected meadow. It had been on and off the market for a number of years.

13 Kent Cornwall Road- Listed: $299,000/Sold: $291,000

Bedrooms:4/Bathrooms:3 full

This 10 year old Cape home with an attached in-law apartment has Private entrances, a porch and deck. Main section of the house offers 3 bedrooms, 2 full bath, kitchen, living room, family room, finished basement and storage. The apartment features a kitchen, living room, master bedroom suite and small office.

9 Chase Hill Road- Listed: $189,900/Sold: $179,000

Bedrooms:2/Bathrooms:1 full 1half

1108 sq/ft home that has been lovingly maintained. This home features updated kitchen w/ granite counters, hardwood floors throughout, 1.5 updated baths, central air, large screened porch, deck off the master bedroom. The home has a flexible floor plan - the dining room can be converted back to a bedroom- and there is room for a dining table in other locations. It sits on a level .50 acre, and has a 1 car attached gar with open breezeway. It was on the market for 436 days.

13 Chase Hill Road- Listed: $299,000/Sold: $291,000

Bedrooms:3/Bathrooms:1 full

Tidy 1949 Cape style home on .49 acres of level open yard. There home requires some updating but has wood flooring and 1170 sq/ft of living space. Sold directly.

30 Flanders Lane- Listed: $1,000,000/Sold: $865,000

Bedrooms:2/Bathrooms:2 full 2 half

3600 sq/ft converted antique barn set on an open field of 5 private acres. 1840's "Britton Barn" was moved to this site in 1980 from Princeton, NJ. It has an open floor plan with soaring interior space rising to a nearly 28 foot cathedral span. Mature Trees and substantial landscaping. Gorgeous antique stone walls outline the open and level property.

  5 Cobble Road- Listed: $425,000

Bedrooms:4/Bathrooms:2 full

The oldest part of this historic colonial was built in 1740 by Azariah Pratt. It was sold by his grandson to Thomas Northrop in 1797, who built the main house above. His son, Birdsey Grant Northrop, was born and raised there, and went on to become a world famous educator and botanist, nationally celebrated on Arbor Day. The house is in need of restoration, but the bones are there! Much of the original character remains: wide floor boards, 12 over 12 windows with many original panes, Bee Hive oven, and a gorgeous Palladian window. It has been listed for 3 months. I have this home listed and have good activity.

174 Cobble Lane- Listed: $895,000/Sold: $860,000

Bedrooms:4/Bathrooms:3 full 1 half

Set high above Cobble with views for every season, this 3500 sq/ft home has many extras - screened porch, 3 fireplaces, reclaimed wide board floors, cook's kitchen, pristine laundry, heated 3 car garage. The master suite maintains a fireplace and deluxe bath. Whole house generator, security system with safe heat monitor, roof warming cables, April Air system. Large field to right of house is part of the 8.71 acres. This home sold for $850,000 in 2011 and with some upgrades came back on the market in 2014 for $1,200,000 and after time and price reduction closed.

30 Studio Hill Circle- Listed: $745,000 since March 2015

Bedrooms:3/Bathrooms:2 full 1 half

Surrounded by open space, my home is a carefully architected home and is beautifully screened from both the road as well as any other house. It looks out upon protected pastures and mountains, yet it is only 2 miles from the center of town. It's a "green" house with a southern orientation, floor to ceiling windows to capture the sun's warmth, and, best of all, geothermal heating and cooling! The interior of the home is in mint condition. The master suite is on the main level. There is a new metal roof that looks just like shingles that was installed in 2014 and will last 80 + years!

44 Studio Hill Circle- Sold: $440,000 sold directly

Bedrooms:4/Bathrooms:2 full 1 half

Built in 1997 this country contemporary offers 2700sq/ft of space with refinished hardwood flooring, a cooks’ kitchen with pantry and wet bar. The dining room has westerly views, living room has 18 foot tall stone fireplace, master suite is on first floor with spa like bathroom and sliders to the 25 x 55 mahogany deck, beautiful lush landscaping on 3.71 acres of woods.

17 Mountain View- Sold: $205,000 sold directly

Bedrooms:3/Bathrooms:2 full

This 1200 sq/ft one level home was built in 1991 and sits on a 2.28 acre level and wooded parcel. Light and bright with an open floor plan and wood flooring, the home is off a private road and is in good condition.

30 Halls Lane- Listed: $550,000/Sold: $425,000

Bedrooms:2/Bathrooms:2 full

From this home considerable western views are obtained across 26 acres, a pond and an open rolling meadow. The ranch house, built in 1968 has many original features in impeccable condition such as the large brick fireplace, wood flooring and large windows to take in the view. There is a large barn additionally.

42 Halls Lane- Listed: $475,000/Sold: $390,000

Bedrooms:2/Bathrooms:2 full

Circa 1933 Antique Cottage with complete privacy on 10 Acres with views and in ground pool. Locally know as "The Love Shack" this 1300 sq/ft home is secreted away up the hill and in the woods! Plus there are extensive gardens, mature trees and a small patio. Other features include exposed beams, original wood floors, bay windows, wet bar, skylights, wood shingle roof.

21 Halls Lane- Listed: $260,000/Sold: $250,000

Bedrooms:3/Bathrooms:3 full

The Octagonal house is a unique layout offering a 686 sq/ft wrap around deck and views in all directions. Built in 1999 this home has 1700 square feet on two levels. The open layout maintains wood flooring and large bank of windows. Scott Harvey and Dave Fairty of my firm assisted the buyer and seller in this sale.

7 Halls Lane- Listed: $659,000/Sold: $650,000

Bedrooms:5/Bathrooms:2 full 1 half

This inviting and comfortable, 3271 sq/ft country home is a well appointed home. Spacious and light filled main level with wood flooring throughout. Main floor master has cathedral ceiling, palladium window, spacious bathroom and closet. Renovated, modern kitchen owned by a chef. Native and ornamental trees, gardens and pond enjoyed from the front porch or back deck and patio.....30x18 Gunite pool is accessed from the kitchen and living room. Chris Garrity and Michele Pastre worked with Dave Fairty of my office to sell the house.

18 Botsford Road- Listed: $314,900/Sold: $285,500

Bedrooms:3/Bathrooms:2 full 1 half

Recently renovated 2477 sq/ft eyebrow colonial built in 1979 features a spacious kitchen, and large family room with fireplace. The dining/living rooms & screened porch are added features. The 1.7 acre parcel is a level open lot with views in all directions.

It was on the market for 133 days.

187 Kent Cornwall Road- Listed: $299,000/Sold: $270,000

Bedrooms:3/Bathrooms:1 full

Turn-key ranch completely renovated in 2014/15. Techies dream house. Cat-6 wired throughout, fully Cable/Sat wired, sound system with Sub Woofers in every room. Granite counter tops, partial radiant slate floor & all new appliances in the kitchen. Second floor offers a playroom/office space. An energy efficient home insulated with sprayed-in closed-cell foam insulation throughout. 1.1 acre yard is level and open with views towards St. John’s ledges. Dave Fairty listed and sold this in 2 months.

236 Kent Cornwall Road-Listed: $495,000/Sold: $440,000

Bedrooms:3/Bathrooms:2 full 1 half

This impeccably maintained 1740 Colonial with modern conveniences has frontage on Mauwee Brook. Marriage Maple guard this 2000 sq/ft antique which offer hewn beams, aged wide board flooring and fireplaces. The spacious and well appointed kitchen, cozy living room, private study & formal dining room are all well proportioned. The property entails 4.28 acres of level lawn and woods. Chris Garrity and Debbie Bain of the firm brought the buyer and seller together.

Kent Cornwall Road-Listed: $99,000/Sold: $90,000

Building Lot

Open 3 acre parcel of land set well off Rte 7 offers views, mature native trees and fruit trees. The site has Health Department approval and is made private tucked behind a natural gravel moraine. A sizeable pond with a spillway and brook is a tributary to the Mauwee Brook. Chris Garrity listed this lot which I sold within days of listing.

Additionally the owner generously donated a 1 acre parcel on the west side of Rte. 7 which included a large stone wall, orchard and a cleared field. This lot compliments the State of Connecticut’s preservation and helps make the ride up route 7 all the better. To her we thank.

Chris and I, along with our entire firm hope you enjoy our updates of the market and want you to know you can find this letter and all our Kent market letters on our website www.bainrealestate.com under Neighborhood Stats. There is a place there where you can give us your email address to get these letters and other market updates electronically. We continue to work to assist buyer and sellers in their pursuit of their goals and thank you for supporting our success as the leading real estate firm in Sharon, Kent and Cornwall over the last 10 years.

Happy Spring!

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Dear Neighbor,

Well, it's April and the flowers are starting to come up and the song birds are back! It's also time for our annual update on what's been happening in Warren and in your neighborhood over the last 12 months. The economy in the country is improving and the real estate market in the Northwest Corner is slowly gaining strength.

Here's a little Warren history (our reporting year actually runs from February to February):

In 2007 there were 38 homes on the market and 15 sold

In 2008 there were

Click Here to Read More...

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Dear Neighbor,

Here is the annual real estate report detailing the real estate activity in the last 12 months in the Ellsworth neighborhood.

Sharon home sales were strong with 65 homes selling in the last 12 months. There are 78 homes on the market in Sharon (with 8 homes in contract to sell) which is a slightly larger supply of homes for sale than last year by 3 offerings. There is an increase in buyer traffic and the easy winter weather has prompted more offers. Stability has settled in as the local real estate market is getting healthier incrementally and maintaining a consistent pace of sales and listings. So it appears the current trends are positive!

There were 11 transactions in your neighborhood. Here is what is going on.

Sold:

Herb Road- Listed: $325,000 Sold: $292,500 – This 3.5 +/- acres has long eastern views and an open meadow feel. This parcel has aged stone walls, mature native trees and a driveway roughed in.

Herb Road- Listed: $250,000 Sold: $210,000 –Known as “The Shire” this 7.424 acres parcel has views of Housatonic Valley. It is a cleared parcel with stone walls, meadow, and Stoney Brook coursing through the lot. There is a dug pond and south facing exposure provides the opportunity for passive solar design. Conservation restriction have been placed restricting it to one house site.

13 Herb Road- Listed: $895,000 Sold: $850,000. French country expanded gambrel colonial sits on a level and bucolic 5+ acre private parcel. With nearly 4,000 sqft of living space the house is approached on a long driveway with a Linden tree alley. The house has been updated and has 3 bedrooms, 4 and a half bathrooms, large family room and pool. This home was originally listed for $1,395,000 in 2012.

50 South Ellsworth Road- Listed: $425,000 Sold: $420,000. Beautiful C. 1850 eyebrow colonial with extensive renovations/updates in 2007-2009, including new kitchen and baths, vaulted screened porch and expanded interiors. The house has spacious and inviting living and family rooms. The flooring is random width wide board throughout, plus a fireplace, main level master with en suite bath. The lot is a one acre level sunny meadow. This house was listed in March of 2013 and was originally listed for $695,000.

48 Modley Road Listed: $229,000 Sold: $210,000 This well maintained 980 sq. ft. ranch is set on a 4 acre parcel. There are 2 bedrooms and one bath in the 1974 home. There is a large screened porch, mature landscaping, and privacy. Jen Luning from our Sharon office assisted the buyers in this transaction. It was originally listed for $279,000 in June of 2014.

145 West Woods #2,Listed: $295,000 Sold: $264,000 This is a great project. This 1803’s antique two-bedroom cottage with guest house needs a complete redo. There are 1500 sq. ft. and 2 bathrooms, porch, antiques details and mature plantings on the 5.89 acre lot. Asher Pavel of my Cornwall office brought the buyers.

38 Cemetery Road- Listed: $449,000 Sold: $439,900- This property had been on and off the market for over 7 years. Originally listed for $1,250,000 on 15 acres this wonderful antique home was the victim of the Great Recession. With nearly 1400 sq. ft. the two bedroom, 1 bathroom saltbox has wide board floors, 2 fireplaces and loads of character. The land was subsequently subdivided and sold off in parcels leaving the 1800’s house on 13 acres.

Cemetery Rd, Lot-3B-1- Listed: $179,900 Sold: $110,000 -Fully approved and surveyed with all tests completed. 5.6 Acres on dead end road. Stone walls and frontage on Guinea brook. Listed for 490 days

Westwoods Road #2, Lot-1A- Listed: $189,000 Sold: $160,000- This parcel overlooks two ponds and is a wooded 5.7 acre parcel.

173 Westwoods Road #2 - Listed: $220,000 Sold: $200,000 - Nicely maintained raised 1978 ranch set on a level lot along a babbling brook. Higher end appliances in kitchen, all stainless steel. 3 full bedrooms and master bedroom has walk in closet and en suit full bathroom. There are 1,288 sq. ft. hardwood flooring in much of the home plus a wood stove in basement offer great supplemental heating. Priced well, it sold in 11 days.

310 East Street- Listed: $750,000 Sold: $650,000- Wonderful 1800’s Antique home with 3 Bedrooms, 3 baths in the Main House offering central AC, 2 Fireplaces, wide board floors and exposed beams. All in tip top shape. Plus summer guest/pool house with privacy and a separate studio with a fireplace. It includes a pond and garage on a separate lot across the street and 3 acres in total.

498 Cornwall Bridge Road Listed: $2,275,000 Sold: $2,000,000 Magical country estate. Plum Creek Farm has 45 acres of tumbling brook, 2 ponds, formal gardens, open horse pastures, fruit trees, stone walls and woodlands. This 3600 sq. ft. home offers 4 bedrooms, 3.5 baths plus a custom kitchen which open to a awning covered patio. There is a formal dining room, bookcase lined library, spacious living room with a fireplace all opening to a sunroom overlooking stone terrace, gardens and pond. Huge master suite plus a guest house/barn w/4 stalls. Features: formal tapestry garden. Japanese crabapple orchard. 2 Ponds, one with fountain. Rock & perennial gardens. Riding rink. Deer fence. Privacy. Electronic gate opener. It was listed for 685 days.

460 Cornwall Bridge Road Listed: $210,000 Sold: $180,000 -This pleasant 1960’s Cape has 1 bedroom and 2 bathrooms with lovely views over the farmland to the east. The interior needs some updating and is bright and cheerful. And a relatively new whole house generator has been installed. Spacious flagstone patio at rear offering excellent privacy stone wall surrounds the immediate area around the house. The property is a level and open 1.5 acre parcel of land.

33 Tichnor Road Listed: $895,000 Sold: $845,000 I am represented this wonderful country property offering with 4 acres. Wood roof & natural siding, crisp, clean lines all created by Rafe Churchill Design. Multiple buildings dot the property - utilitarian and efficient. The rooms are both distinctive and comfortable with modern lighting fixtures echoing 1700s Shaker sensibilities. The renovated kitchen is amazing with a Liebherr refrigerator, 6x4 gas AGA stove, Miele coffee system, farmhouse sink, Groeh fixtures & 2 Fisher Paykel cleaning drawers. It is so special that this listing was featured in numerous magazines as well as selected as the Wall Street Journal House of the Day in October 2014. Listed for 418 days before selling.

431 Cornwall Bridge Road Listed: $649,000 Sold: $540,000 - Wonderful newer home quality with and old house look. This home has a fabulously renovated cook's kitchen offering high end appliances and finishes. Inviting master suite with updated, tasteful bath and large walk-in closet. There are 3 bedrooms, 2.5 baths in this 2500 sq. ft. home. Separate Barn/Garage. This house sold in 2004 for $575,000 and had been listed since May 2014.

For Sale:

Cornwall Bridge Road- This peaceful hillside retreat offers 41.83 acres of land. The property offers a few nice building sites with views. The topography is challenging, but a driveway system has been roughed in place. Considerable parcel for the price of $199,000. Rick Meehan has listed this property.

1 Northrup Road has a peaceful pastoral setting on 5 plus acres of gentle rolling topography and offers easy access via Route 7 and Route 4. This parcel has been perc-tested and surveyed, just pick the site with the best view and build your dream getaway. Last year it was listed for $125,000 and now is $99,000 and it is the best most affordable parcel currently offered. Rick has this offering as well.

43 South Ellsworth is a lovely Victorian styled farmhouse with a gracefully detailed front porch, an old shed and an old dairy barn all set on a level 33 acres of hay fields, orchards and gardens. The 1870's home is preserved nicely with amazing details of ornate Victorian era moldings and floors. There are large porch door windows to open on a summer’s day. The house is mechanically updated-new roof, furnace. It is easy to update kitchen and baths. I have listed this for $1,650,000.

89 West Woods Road at $1,800,000- is an 83 acre property of woods, pasture with incredible western views that capture the Catskill Mountains. There are two barns, one a horse stable complete with tack room and apartment above. The property has access to numerous miles of horse trails through Ellsworth and Westwoods’ neighborhoods. My associate Toni Soule has this property listed.

There are a number of additional properties in the neighborhood for sale and should you be interested, they can be found on our website at www.bainrealestate.com. One can also 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.

All the best,

Chris Garrity

David Bain & the Sharon office

Jennifer Luning, Michele Pastre, Joanie Yahn & David Almquist

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

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Dear Neighbor,

Well, it's February again even thought the weather feels like April, and it's time for our annual update on what's happening in Warren and in your neighborhood. The economy in the country is improving and the real estate market in the Northwest Corner is slowly gaining strength.

Here's a little Warren history (our reporting year actually runs from February to February):

In 2007 there were 38 homes on the market and 15 sold.

In 2008 there were

Click Here to Read More...

PLEASE CLICK HERE TO SEE THE MAP.

Dear Neighbor,

_{It's also time for our annual update on what's been happening in Warren and in your neighborhood over the last 12 months. The economy in the country is improving and the real estate market in the Northwest Corner is slowly gaining strength.}

_{Here's a little Warren history (our reporting year actually runs from February to February):}

_{In 2007 there were 38 homes on the market and 15 sold.}

_{In 2008 there were 36 homes on the market and 8 sold.}

_{In 2009 there were 40 homes on the market and 10}

Click Here to Read More...