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August
8

 

Bain Real Estate East Warren 2019 August Market Report.

PLEASE CLICK HERE TO SEE THE MAP

 

Dear Neighbor,

 

While the weather continues warmer, the sales pace in Warren has slowed.  This year saw 17 residential sales while the previous year had 19 and the year before that had 27!  With land sales, the story is similar.  There are 15 current offerings and the last year saw only one land sale!  The previous year had 3 land sales.

In your neighborhood, there were 8 residential sales last year, down from 14 the year before.

Starting at 15 Melius Road, a beautiful 3005 sq. ft. 4 bedroom 3 bath colonial originally built in 1759 sold in March with 3.68 acres, a pool and 3 car garage for $1,175,000, down from its original list of $1,495,000.

 

Over at 105 Town Hill Road a 1952 sq. ft. colonial with 3 bedrooms and 2 baths built in 2007 on 2.24 acres sold quickly for $320,000 in April, down from its list of $329,000.

 

There has been a lot of activity on Woodville Road with 4 houses sold and one under contract.

 

194 Woodville Road is a recently renovated 4 bedroom, 3 bath cottage originally built in 1938, and now with 2.83 acres.  It sold in October for $330,000, just off its list price of $349,000.

 

230 Woodville Road is a 1552 sq. ft. ranch with 3 bedrooms and 2.5 baths built in 2002 of 5.26 acres.  It sold in just 35 days in April for $197,500 down from its list of $199,900.

  

259 Woodville Road is a 1296 sq. ft. cape with 3 bedrooms and 1.5 baths that was built in 1958 on .29 of an acre.  It sold in December for $100,000, down from the list of $135,000

 

286 Woodville Road is a 1075 sq. ft. ranch with 3 bedrooms and 1.5 baths built in 1980 on 3.05 acres.  It also sold in December for $195,000, just down from its list price of $199,500.

 

200 Woodville Road is just under deposit.  This cute ranch of 1080 sq. ft. 2 bedrooms and 1 bath built in 1986 and recently renovated on 1.53 manicured acres is our listing and went under deposit in just 4 days. Its list price is $235,000.  We will tell you the sale price in our next letter.

 

110 Rabbit Hill Road is a 1660 sq. ft. brick cape with 5 bedrooms and 1 full bath and 2 half baths built in 1937 on a great 9.33 acres.  The house needed a lot of renovation.  It was our listing and sold in September at its asking price of $295,000.

 

  Couch Road is a double lot sale of 4.54 acres.  One was a flag lot, the other with more frontage was right in front. Both lots have significant slopes and both are on the Washington town line.  It sold last September for $175,000, down from its most recent list of $249,000 but originally on the market for $310,000 in 2014.

If you need any more information of any of these or other activity in Warren or neighboring towns, please give us a call.  You can keep in touch with the local market at www.bainrealestate.com

 

Until next year,

David Bain

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

 

July
10

Bain Real Estate East Warren 2018 July Market Report.

PLEASE CLICK HERE TO SEE THE MAP

Dear Neighbor

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 14 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 and some nice views.



156 Cornwall Road was 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 $239,000.



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, my sale!  It closed in April for $375,000



139 Town Hill was a bank sale originally listed by the bank for $289,900 in July of 2017. After 5 price reductions to $249,900 it finally sold in April for $230,000.  It had 1794 square feet with 3 bedrooms and 2.5 baths built in 1954 on 2 acres.  There were problems with septic and condition.



105 Town Hill is a 1536 square foot hi ranch with 3 bedrooms and 2 baths built in 2007 on 2.24 acres.  It sold in March after 151 days on the market for $320,000, just $4,000 below its list price.

 

170 Lake Road is a 3012 square foot colonial with 4 bedrooms and 4.5 baths built in 1985 on the back of its 5.8 acres.  It was in great condition and had a first floor master and brook and barn.  It sold last July after just 42 days on the market for $609,000, $30,000 below list price.  

     

 

231 Lake Road is a1740 antique colonial of 3302 square feet, 5 bedrooms and 2.5 baths recently moved back from the road, enlarged and renovated on 10.6 acres with barn, pond, pastures and woods.  A perfect blend!  It sold last November for $1,250,000 after 406 days on the market, down from its original list of $1,750,000.




110 Rabbit Hill is a new listing of Priscilla Pavel's in our Cornwall Office.  It's a 1660 square foot cape built in 1937 with 5 small bedrooms.  The best part is its location and its 9.33 acres.    It's under deposit after just 8 days on the market.  Nice work Priscilla!  The list was $325,000.  We'll tell you the sale price next year.



13 Jack Corner is a 2196 square foot 3 bedroom, 2.5 bath home built in 2004 on 2.51 acres and sold directly last August for $325,000. It sits beautifully on its 2.51 acres.



   

286 Woodville Road is a 1075 square foot log ranch built in 1980 on 3.5 acres with 3 bedrooms and 1.5 baths.  It was bank listed for $259,900 and sold for $183,227.

 

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 3, and all were high end neighborhoods.  Just one of those sales was in your neighborhood.

59.6 acres on the east side of Lake Road went for $475,000.  It did have a blacked drive up the side of the hill with potential views.

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

June
8

 

Bain Real Estate East Warren 2017 June Market Report.

PLEASE CLICK HERE TO SEE THE MAP

What a beautiful month!  I thought it would never get here.  The trees are full in leaf and blossoms delight everywhere.  And our market is also looking good! 

2016 was clearly a pivotal year in real estate.  Nationally real estate sales transactions were up 12% over 2015 figures.  Litchfield County overall saw just over 8% increase. Locally we have seen a similar bump resulting in a sale increase around 14%! In summation, real estate in Warren is on a steady upswing as the market recognizes good values.

The positive economic confluence of lower unemployment, strong trends in the financial markets and tightening interest rates have bolstered consumer confidence. This confidence mixed with the reduction of available homes has solidified real estate values and will predictably push values higher.  This is already happening.

Take a look.  Warren had 27 residential sales last year plus two more currently in contract.  That's more than in any of the past 10 years!  There are currently 31 homes on the market and that is a health number.  Regarding land transactions that has been a little less active with 15 parcels currently available for sale and just 2 sold in the last year.

In your neighborhood there were 15 residential sales last year!  

Starting in the north on Route 45, 260 Cornwall Road, known as Turning Point Farm is a rambling antique of 3800 square feet built in 1750 with 5 bedrooms, 4 baths and a large antique barn on 10.59 acres.  It overlooked its own pond and pasture and was run as a B&B for many years.  It was sold to a family member for $550,000.

 234 Cornwall Road is a 1874 colonial comprised of two homes put together to make this a 3054 square foot 12 room home with at least 3 bedrooms (it had an interesting floor plan) and 3.5 baths.  The house sat on 1.67 acres and like many old houses was very close to the road which is why it was on the market since March of 2008 when it was listed for $385,000.  It finally sold this February for $184,000.

11 Windy Ridge is a 1448 square foot 3 bedroom 2.5 bath ranch built in 1963 on 2 acres that sold in March of 2016 for $225,000.

18 Reverie Lane is a 2119 square foot gambrel roofed home with 3 bedrooms and 2 baths tucked at the end of a cul-de-sac on 2.43 acres that sold in January of this year for $338,000.

45 Cornwall Road is 1782 Antique of 1312 square feet with 2 bedrooms and 2 baths with just 1 acre.  It also had a garage studio, a brook, pond and gardens.  A real cutie.  It was originally listed for $349,000 in 2014 and we sold it in April of 2016 for $268,000.

15 Melius Road is a 1759 Colonial with 3005 square feet, 4 bedrooms and 3 baths in meticulous condition on 3.68 acres, a barn and a pool and pool house.  Across the street 76 acres of pasture and woods were protected with easements. The property was first listed in March, 2009 for $2,150,000 and sold April of last year for $1,030,000.

My partner Chris Garrity sold the former Rooster Tail Inn at 11 Cornwall Road! The former destination inn/restaurant is a renovated colonial consisting of 8 bedrooms, 9 full and 3 half state-of-the-art bathrooms, kitchen needs equipment, dining room, living room with fireplace, pub room and gym with sauna. Also includes stone terrace with outdoor fireplace. Magical setting in a great location. With second residential 1 bedroom barn that also needed renovation.  Sold for $750,000 and is being renovated. 

137 Lake Road is a 1352 square foot ranch with 2 bedrooms and 2 baths built in 1996 on 2 acres.  It had 40 acres of open space on 3 sides and a private deck to over look it.  It first came on the market in May of 2009 for $265,000 and it closed in July of 2016 for $239,000.

221 Lake Road is a barn with 2457 square feet and 3 bedrooms and 3.5 baths converted in 1987 with great landscaping and views over its 6 acres of pasture and rolling farmland beyond.  First listed by another broker for $725,000 in December of 2013, I took it over in 2016 for $575,000 and sold it this April for $550,000.

77 Couch Road is a 1783 square foot ranch with 2 bedrooms and 2 baths build in 2001 on 2.18 acres. It had many upgrades and was in excellent condition and abutted open space offering privacy.  Listed in June of 2014 for $354,000, it closed last August for $318,500.

103 Town Hill is a High Ranch with 1813 square feet, 3 bedrooms and 2 baths built in 2008 on 2.23 acres.  First listed in July of 2013 for $399,900, it closed last September for $321,000.

On the other side of the reservoir at 272 Milton Road is a beautiful 1859 colonial with 4 bedrooms and 2.5 baths on 7 private acres.  Not often do you find an antique in great shape of a quiet country road.  This one was first listed for $825,000 in June and closed for $705,000 in December.

 100 Rabbit Hill Road is a spectacular 48+/- acre wooded building parcel high above Lake Waramaug offering potential views and ultra privacy. Highest elevation is listed as the Pinnacle on the U.S. Geological survey map.  Listed in August, it sold in January for $500,000.

Bain has 6 properties for sale in the neighborhood.

 On Windy Ridge we have 50 acres of gently rolling woodland offered for $260,000.

 At 156 Cornwall Road we have a cute 2 bedroom cape on 4 level acres asking $239,000.

 At 37 Cornwall Road we have a 1795 2 bedroom 2 bath antique gem for $200,000

At 23 Cornwall Road we have a spacious 3 bedroom ranch on 3 acres with a pond and pool for $295,000

On 15 Town Hill we have just listed a 1780 eyebrow colonial with 2 bedrooms and 2 baths for $439,000.

On 383 Lake Road we are offering a 3088 square foot colonial built in 1983 with 4 bedrooms and 4 baths on 30 acres for $1,350,000.

We also received again 2 separate recognitions for our work:

The US Commerce Association gave us the designation "Best of Kent in 2011-16."

The Connecticut Magazine conducted an independent survey of buyers and sellers throughout Litchfield County where we finished with "Highest in Overall Satisfaction," a title we work hard for and cherish.

 

If you know anyone thinking of selling their property, we would like the opportunity to talk to them about our marketing. Thanks. I'll write again in a year to let you know what's happened.

 

Respectfully,

 

 

David Bain

Chris Garrity

 

And the rest of our Associates:

Kent: Toni Soule, Debbie Bain, Dave Farity, Marilyn DeVos, Scott Harvey.

Cornwall: Priscilla Pavel, Heidi Kearns, Rick Meehan, Asher Pavel, David Hurlburt.

Sharon: David Almquist, Jennifer Luning, Michele Pastre, Joanie Yahn.      

 

P.S.     One of our Associates, Priscilla Pavel was voted Realtor of the Year by the entire Litchfield Board of Realtors!  It is a special honor bestowed by her colleagues and we are very proud. 

 

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

March
1

PLEASE CLICK  HERE TO SEE THE MAP.

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 36 homes on the market and 8 sold.

In 2009 there were 40 homes on the market and 10 sold.

In 2010 there were 48 homes on the market and 17 sold.

In 2011 there were 28 homes on the market and 12 sold

In 2012 there were 22 homes on the market and 13 sold

In 2013 there were 25 homes on the market and 17 sold

In 2014 there were 20 homes on the market and 25 sold

 

Today there are currently 25 homes on the market in Warren and this past year saw 18 houses sold That's a bit of a drop, indicating things have slowed down this past year. If we look at the land market there are 9 parcels currently offered (last year there were 12) and three sales recorded (last year there were 2).

Your neighborhood had four sales (down from seven last year!).

Starting on Valley Road, there were two.

  57 Valley Road was a 2100 square foot 4 bedroom 2.5 bath colonial built in 1995 on 2.94 acres that was first listed for $339,900 in January of 2014. It sold for $250,000 in April of 2015.

  83 Valley Road was a 983 square foot 2 bedroom one bath cape built in 1995 on 7.81 acres tucked into 100's of acres owned by the Waterbury water shed. It was the last property on the road and had considerable privacy. Much of the inside was skillfully hand crafted. I listed the property in June of 2015 and we sold it in December of 2015 for $247,000.

  151 Town Hill Road is a raised ranch with 912 square feet with 2 bedrooms and 2.5 baths built in 1978 on 3 acres. It was listed in November of 2014 for $175,000 and sold in August of 2015 for its asking price of $175,000! Well priced.

  At 291 Woodville Road is a 789 square foot ranch with 2 bedrooms and 1 bath built in 1960 on 9.85 acres. It was first listed in March of 2010 for $399,000,went through 7 price decreases and finally sold in December of 2015 for $ 270,000.

 

On the land side we sold a 39 acres parcel on Evergreen Lane that was an old subdivision of 4 lots with a roughed in drive and buried utilities to a pasture site with distant views for $260,000. It was Rick Meehan's listing from out Cornwall office, and my sale. Great value.

I also have a 50 acre site across the street on Windy Ridge for sale for $290,000 with almost 1700' of road frontage and a high point of 1450' elevation. Apart from that it is mostly level with undulations, lots of mountain laurel and some wetlands.

Abutting this 50 acre parcel at 127 Cornwall Road I have listed a 5000 square foot colonial farm house with 3 bedrooms and 3 baths with an attached 6000 square foot barn on 110 acres. The main house is not finished on the inside and the package in offered for $2,700,000. There is more information about this fabulous listing and a video on my web site www.bainrealestate.com .

I have also listed a 100 year old stone farm house at 265 Cornwall Road just north of the 16 acres mentioned above. Part of the land is in Cornwall, but the 2400 square foot 3 bedroom 2 bath stone house is in Warren. You can see the details on our web site. The price is $339,500.

I hope you have found this of interest. You can read this letter on line as well as all past letters and maps for your neighborhood and the rest of Warren on our web site, www.bainrealestate.com . Just click on "Neighborhood Sold Stats" on the Home Page.

You can also find all the Warren listings of houses for sale, rentals, and land parcels posted on the same web site.

Thanks. Have a great Spring!!

I'll write again in a year to let you know what's happened.

Respectfully

  

David Bain

 

And the rest of our Associates

        Kent: Toni Soule, Debbie Bain, Dave Fairty, Marilyn DeVos, Eve Iselin, Scott Harvey

        Cornwall: Priscilla Pavel, Heidi Kearns, Rick Meehan, Asher Pavel, David Hurlburt

        Sharon: Chris Garrity, David Almquist, Jennifer Luning, Michele Pastre

February
1

PLEASE CLICK HERE TO SEE THE MAP

Dear Neighbor,

Well, it's February and time for our annual update on what's happening in Warren and in your neighborhood. The news is good! The economy in the country is improving and the real estate market in the Northwest Corner is gaining strength. There are fewer foreclosures that were dragging us down and there are more buyers searching for homes (see the Warren sales stats for the last year below) and happily land parcels are seeing increasing interest even in this snow!

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 sold.

In 2010 there were 48 homes on the market and 17 sold.

In 2011 there were 28 homes on the market and 12 sold

In 2012 there were 22 homes on the market and 13 sold

In 2013 there were 25 homes on the market and 17 sold

 

Today there are currently 20 homes on the market in Warren and this past year saw 25 houses sold! That's a significant jump, the most sales in a given year since we started these letters.

There are 12 parcels of land currently on the market and there were only two land sales in Warren in the past year. One was in your neighborhood.

Your neighborhood had seven sales.

Starting at the north end of the neighborhood off Route 45 was the land sale : a rear lot of 16 acres accessed off a private drive shared by two others. It was a mostly tillable pasture with good south eastern views. It closed in December for $260,000 after more than 5 years on the market. There were complications dealing with access to utilities which we finally solved. I was the listing broker and my partner, Chris Garrity, was the selling broker. Nice to be doing land again!

Further south at 102 Melius Road, a 6844 square foot stone colonial with 8 bedrooms, 4 full baths and several half baths originally built in 1799 on 89 acres with several large barns (art studios) a guest house and other out buildings sold in October for $3,300,000. The main house and barns needed considerable work, but the whole package was wonderful, a one of a kind estate.

218 Lake Road, a ranch with 1660 square feet includes 2 bedrooms and 2 baths built in 1972 is sited on 2.07 acres. It was listed in May and sold in July for its asking price of $178,000! Well priced.

Just off Rt. 341 at 8 Rabbit Hill Road is a charming 1635 square foot cottage with 2 bedrooms and 2 baths built in 1930 on 5.47 acres. It had been tastefully renovated and had a one bedroom guest house. The location was excellent and the views significant. A perfect weekend house. It sold in August for $547,000. This first came on the market in 2012 for $550,000, significant work was done a year ago and the price raised to $595,000.

Over on 55 Rabbit Hill is a 2250 square foot ranch with 3 bedrooms and 2.5 baths built in 1940 on 4.1 acres with a swimming pond. The house is actually in Washington and 2.37 acres of land were in Warren. Town Hall recorded a value of $120,000 for the Warren land. The house had been significantly upgraded and the total package sold for $500,000.

275 Woodville Road is a 768 square foot Cape with just 1 bedroom and two baths built in 1978 on 2 acres. It was listed in April for $159,000, dropped to $139,000 in June and sold in September for $70,000.

Up in the northeast corner 265 Milton Road is an 1164 square foot 3 bedroom, 1 bath ranch on 3.1 acres. This 1950's home was first listed for $305,000 in January of 2012. Lowered several times to a final price of $230,000, it closed in September for $225,000.

At 45 Cornwall Road a long straight driveway to the top of the hill leads to this solidly built 1782 cottage with 2 bedrooms and 2 baths. This antique gem is well lit with skylights and large windows. There is a 2 car detached garage with artist's studio all set on one acre. We have this listed at $349,900.

I hope you have found this of interest. You can read this letter on line as well as all past letters and maps for your neighborhood and the rest of Warren on our web site, www.bainrealestate.com . Just click on "Neighborhood Sold Stats" on the Home Page.

You can also find all the Warren listings of houses for sale, rentals, and land parcels posted on the same web site.

Thanks. I'll write again in a year to let you know what's happened.

Respectfully,

David Bain

And the rest of the associates:

 

Kent: Toni Soule, Debbie Bain, Dave Farity, Marilyn DeVos, Eve Iselin, Scott Harvey

Cornwall: Priscilla Pavel, Rick Meehan, Heidi Kearns

Sharon: Chris Garrity, Jennifer Luning, Michele Pastre, Drew Holland, David Almquist

 

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

 

 

This graph shows the number of successful transactions

in our key towns of Cornwall, Kent and Sharon in 2014