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Northern Merryall

Bain Real Estate - Market Update Home

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Bulls Bridge | 4 Posts
Cornwall Bridge | 6 Posts
Cornwall Hollow | 4 Posts
Cream Hill | 5 Posts
East Cornwall | 5 Posts
East Warren | 5 Posts
Ellsworth | 5 Posts
Kent Hollow | 4 Posts
Kent Village | 4 Posts
Long Mountain | 2 Posts
Merryall | 2 Posts
Mid Cornwall | 5 Posts
Mudge Pond | 5 Posts
Route 7 South | 3 Posts
Segar Mountain | 6 Posts
Sharon Mountain | 4 Posts
Sharon Village | 4 Posts
Silver Lake | 5 Posts
Skiff Mountain | 4 Posts
South Kent | 3 Posts
Spectacle Lakes | 5 Posts
Waramaug | 4 Posts
West Cornwall | 7 Posts
West Warren | 5 Posts
Westwoods | 4 Posts
White Hollow | 4 Posts
May
1

PLEASE CLICK HERE TO SEE THE MAP.

Dear Neighbor,

Well, it's time for the annual check up on what's going on in the neighborhood and beyond. It's been a brutal winter, and not much happened in real estate during the snow and cold, but I am happy to tell you as the weather warmed in April and May the buyers have came back and a number of properties throughout Litchfield County have found their buyers and gone into contract, some with multiple bids. Most of these haven't yet closed, so you will have to wait until next year to read the results. But I think it will be a busy spring and early summer.

 
This past year in all of Merryall there were 19 sales, but in our Northern Merryall neighborhood there were only 3. Two of them went to the second home market.

Here they are:

At 452 West Meetinghouse Road a 2376 square foot 3 bedroom ranch built in 1984 on an 11 acre parcel of sloping woodland closed in January for $270,000 down from its list price of $285,000 in September of 2013.

Over at 26 Burnett Road is a 4185 sq. ft. 1771 colonial with 4 bedrooms, 3 full baths and 2 half baths on 18.86 acres. This home had been meticulously restored and beautifully landscaped. This was a great property and a good price. It was listed last May for $1,485,000 and sold in September for $1,345,000.

 

100 Squire Hill Road is a 3864 square foot colonial farm house with 4 bedrooms and 3.5 baths built in 1941 on 26 acres. It has several outbuildings in good condition, a pool, a pond and extensive landscaping. It further abutted preserved land. It was one of my favorite properties and sold in June for $1,525,000, down from an original list of $1,850,000 in April of 2013.

I'd like to bring to your attention 40 Cherniske Road. It is one of the few LEED certified homes in the northwest part of the state, which means it is green. Built with renewable materials, loaded with the latest technology, it actually sends electricity back into the grid! Privately situated on 12 acres that abut land trust, its setting is unique and fabulous. Offered for $425,000. Call us for details.

So stay tuned as things are getting exciting! I hope your Memorial Day will be sunny. We'll be working hard throughout the coming year and will write to tell you what happened next year. In the meantime check us out at www.bainrealestate.com or give us a call.

Respectfully,

David Bain

  

This graph shows the number of successful transactions

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

 

 

 

 

 

 

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

May
1

PLEASE CLICK HERE TO SEE THE MAP.

Dear Neighbor,

 

This is the 13th year we have written a letter to tell you what's happened in real estate in your neighborhood this last year. We really are coming out of "the great recession." Buyers have been out, taking advantage of low prices and low interest rates and are out in greater numbers. And we think it's going to be a good Summer. Last year there were 6 sales in the neighborhood, down from 9 the previous year. We expect the numbers will be up in next year's letter!

 So far this past year selling times have dropped to under 6 months. There has been a 14% growth in Litchfield county transactions in 2013 and a 17% growth in dollar sales while appreciation rates are relatively level. We at Bain have had another successful year, out producing our competition in our service area.

 Here's what happened in the neighborhood going from west to east:

 Just south of the Kent line on the south side of West Meetinghouse Road at #491 a 8.5 acre parcel of pasture with a 3 bedroom 2 bath home with a pool closed in November to an abutter for $625,000

 

Down a little further on the other side of the road 450 West Meetinghouse Road is a 1664 sq. ft. hill side saltbox built in 1999 on 10.49 acres. It sold last May for $285,000, just $2,500 under its list price. It went under deposit in just 2 days!

At 392 West Meetinghouse a 3250 square foot colonial farm house with 4 bedrooms and 2.5 baths built in 1966 on 1.9 acres sold in May for $221,440, down from an original list of $300,000.

385 West Meetinghouse is a 1372 sq. ft. ranch with 4 bedrooms and 2 baths built in 1977 on 7.38 acres with a pond and a barn. All of it needing help and sold "as is". It was listed for $249,000 and sold in August for $230,000.

 

 106 Squire Hill is a 33.8 acre single lot of pasture and woods. Most of it has a conservation easement, but there is a nice building envelope. It was listed for $279,000 and sold for $250,000 in July.

20 New Preston Hill is a 5730 square foot architect designed one level country home with 4 bedrooms and 4.5 baths that sat at the end of a long driveway and at the top of a hill with beautiful views from the middle of its 75.92 acres. The sprawling country home showed incredible taste and included a pool, pool house and caretaker's cottage. It sold in October for $4,400,000, down from its list price of $4,900,000

I'd like to bring to your attention 40 Cherniske Road. It is one of the few LEED certified homes in the northwest part of the state, which means is green. Built with renewable materials, loaded with the latest technology, it actually sends electricity back into the grid! Privately situated on 12 acres that abut land trust, its setting is unique and fabulous. Offered for $465,000. Call us for details.

So things are getting exciting! I hope your Memorial Day will be sunny. We'll be working hard throughout the coming year and will write to tell you what happened next year. Meantime check us out at www.bainrealestate.com or give us a call.

 Respectfully,

 David Bain

 

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