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August
20

 

Bain Real Estate Northwest 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 5 residential sales last year, down from 12 the year before. Again, an example of a slowing in the market.

 

One of the more exciting and recent sales is 184 Brick School Road.  It is a fully restored 1738 colonial with 2686 square feet, 4 bedrooms ad 3 full baths on 32 acres.  This is one of the oldest houses in town and it has the original wide board floors, beams and paneling.  It sold in January for an even $1,000,000, down from its original list of $1,195,000.

 

33 Laurel Mountain Road is an 1108 square foot raised ranch with 3 bedrooms and 2 baths and a 3 car garage with a potential studio above.  The house is located deep on its 2.43 acre lot which is, in turn, on a dead end town road.  It closed last August for $311,000, down from its list of $324,900.

 

48 Cornwall Road is a 1352 square foot ranch with 3 bedrooms and 2 baths built in 1971 on 5.63 acres.  It sold last November for $70,000 and again just this June for $292,000.  This property was not listed and we do not know how much was done, but it looks like a lot!

 

8 Birch Road is a 1323 square foot split level with 3 bedrooms and 2 baths built in 1976 on 2 acres.  It sold in April for $285,000 down from its list price of $320,000.

 

35 Kent Road is another early home with much of its interior intact.  Built in 1790, it has 5 working fireplaces, original wide board floors and exposed beams, 3 bedrooms and 2 baths, a barn, brook, 9.8 acres and beautiful gardens.  It was my listing ($375,000) and my sale $365,000.  Yes, it is charming.  On a side note, the new owner will be selling fine antiques by appointment.

 

There has been a lot of listing activity lately, so we will see what comes of that in next year's letter.  Meanwhile keep it touch directly or at www.bainrealestate.com.

 

Best,

David Bain

Chris Garrity & Associates: Toni Soule, Marilyn DeVos, Karen Grimaldi, David Hurlburt, Heidi Kearns, Priscilla and Asher Pavel

 

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

July
23

 

Bain Real Estate Northwest Warren 2018 July Market Report.

 

Dear Neighbors,

PLEASE CLICK HERE TO SEE THE MAP

 

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 12 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 & some nice views.




156 Cornwall Road is a 1176 square foot cape with 2 bedrooms and 1 bath built on a lovely 4.62 acre lot in 1931.  It was my listing and was sold by Dave Hurlburt from the Cornwall office for its list price of $239,000.




159 Cornwall Road is 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 $246,000.



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



1 Bobcat is a 2712 square foot contemporary with 3 bedrooms and 2.5 baths built in 1990 0n 2.10 acres.  It was first listed for $409,000 in 2013, then $379,000 in 2017 and sold last August for $332,500.



178 Kent Road is a 2448 square foot contemporary with 3 bedrooms and 2.5 baths built well off the road in 1968 on 20 acres.  It also had a separate artist's studio and a pool.  It did need updating, and deserved the attention.  It was listed for $399,000 and sold in January for $350,000.



235 Kent Road was a bank sale of a 1094 square foot 3 bedroom, 2.5 bath ranch built in 1970 on 3.56 acres.  It did have a large attached shop that was more liability than asset and the house was in bad condition.  First listed in October of 2017 for $169,900, it sold in May for $100,500.


170 Brick School is a lovely 1824 square foot  3 bedroom 2 bath cape built deep in its 12.85 acres with the entrance drive around a pond and 24'x32 barn out back.  Listed for $549,000 it sold for $475,000 in 202 days.

21 E Greenwich is a 2296 square foot 3 bedroom 2 bath home built in 1988 on 2.26 acres.  It was first listed by another broker in May of 2015 for $344,900.  We listed it for $324,900 sold it 169 days later in September of last year for $320,000.


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 2, but they sold together as one: 

7.8 acres on the corner of Brick School and Sand Castle Roads sold a year ago in July for $152,000.

We have two properties for sale on Kent Road:

35 Kent Road is the nicest 18th century home I've seen in this price range.  With 1665 square feet, 3 bedrooms, 2 baths, 6 fireplaces, great gardens, a pond and brook and 9.8 acres that abut open space, I think it's a steal at $385,000.


21 Kent Road is a 988 square foot 2 bedroom 1 bath ranch built in 1063 on .26 of an acre.  The lot is small, but it abuts larger parcels and actually has a lot of privacy.  There is land trust and ponds close by.  It's listed for $219,000.


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

March
1

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 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 just a bit 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).

In your neighborhood there were 7 residential sales and 1 land sale.

  Starting at 10 Henderson Road a 1638 square foot 3 bedroom 1.5 bath cape built in 1996 on 2.51 acres was first listed in January of 2010 fir $445,000, was foreclosed in June of 2015 and finally sold in September 2015 for $262,000.

   44 City Road is a charming antique of 1800 square feet with 3 bedrooms and 2.5 baths built in 1800 with 12 acres. It was located at the end of the road with lots of privacy and nice landscaping. The inside was as special as the outside and its location. It was first listed in April of 2015 and sold in August for $ 719,000.

  71 Brick School Road is a 2522 square foot 3 bedroom 2.5 bath farm house built in 1982 on 3 acres. It is a post and beam structure with wide board floors set well off the road and has its own swimming pond. It was listed in May for $745,000 and sold in November for $660,000.

  337 Brick School Road is a 1,100 square foot ranch with 3 bedrooms and 1.5 baths built in 1998 on 2.34 acres. It is surrounded on 3 sides by Lindstrom Park, a little used parcel of open space that the town owns. It has frontage on Gritman Pond. It sold for $234,500 in July.

  159 Cornwall Road is an 840 square foot contemporary with 2 bedrooms and 1 bath built in 1982 on 3.9acres. It was first listed in July of 2013 for $285,000 and sold September of 2015 for $205,000.

  77 Cornwall Road is a 1548 square foot cape with 3 bedrooms and 2.5 baths built in 1930 on 2 acres. It had been recently nicely renovated and came with a pool. It sold previously in September of 2013 for $275,500. This time it sold for $297,500 last April.

  165 Cornwall Road is a 2660 square foot colonial with 3 bedrooms and 2.5 baths built in 1987 on 4.62 acres. First listed at $359,900 in September of 2007, it finally sold after 4 reductions in November for $330,000.

       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 am also happy to tell you for the 12th year in a row we have been the leading broker in Kent, Cornwall and Sharon with more transactions than any other broker. We would like to do the same in Warren and ask for your help. We also received again 2 separate recognitions for our work: The US Commerce Association gave us the designation " Best of Kent in 2011-15." The Connecticut Magazine conducted an independent survey of buyers and sellers through out Litchfield County where we finished with " Highest in Overall Satisfaction," a title we work hard for and cherish.

Meanwhile, check us and the activity out at www.bestofcountrylivingblogspot.com

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

And the rest of our Associates:

Kent: Toni Soule, Debbie Bain, Dave Farity, 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, C. Ethan Watt, Joanie Yahn.

 

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

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 good news is that 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.

In our neighborhood there were 7 residential sales.

  Starting at 54 Chester Road a 2688 square foot 2 bedroom barn style home deep into 53.64 acres sold in March for $1,425,000, down just $75,000 from its list price. It has a nice hill top at 1420' and the 2 story home had radiant heat and central AC.



_____________________________________________________________________

Just to the south at 8 Chester Road, a 2764 square foot 2 –bedroom, 3 bath cottage on 8.96 acres with pond frontage sold in 272 days last May for $500,000, down from its list of $539,000

 

____________________________________________________________________

  Over at 24 City Road, just off Brick School Road Marilyn DeVos of our Kent Office sold a 2848 square foot log home with 5 bedrooms and 2 baths on 44 wooded acres. It closed in November for $455,000 down from its list of $465,000



_____________________________________________________________________

180 Brick School Road is a 1,991 square foot farmhouse with 3 bedrooms and 2.5 baths built in 1978 on 3 acres. It sold in May for $389,500 in 360 days, down from its list of $409,900.

 

____________________________________________________________

258 Kent Road is a 1660 sq. ft. colonial and a barn on 4 acres. This 1755 antique, once owned by Eric Sloane, was beautifully finished when we sold it in 2005 for $440,000. Additional remodeling, including a bedroom over the new garage, made it a charming 3 bedroom 3 bath home worth nearly $700,000 prior to the Crash. Unfortunately it was abandoned, developed water leaks, serious black mold and significant rot. JP Morgan Chase Bank foreclosed and sold it for $168,000 after 4 years on the market.

 

________________________________________________________________

74 Reed Road is a 3288 square foot colonial with 4 bedrooms and 2.5 baths built in 2004 on 4.93 acres and has frontage on a pond and nature preserve. 9' ceilings, Central Air and a 3 bay garage were extras. It sold in June for $395,000 down from its original price of $459,000.

 There was one land sale in the neighborhood:

We sold a lovely 16 acre pasture lot off the Cornwall Road (Rte. 45) for $260,000. I was the listing agent and my partner, Chris Garrity, was the selling agent. There were complications that took both a patient buyer and months and months of work to solve!

I have also just 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.

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 am also happy to tell you for the eleventh year in a row we have been the leading broker in Kent, Cornwall and Sharon with more transactions than any other broker. We would like to do the same in Warren and ask for your help. We also received again 2 separate recognitions for our work in 2014: The US Commerce Association gave us the designation " Best of Kent in 2011-14." The Connecticut Magazine conducted an independent survey of buyers and sellers through out Litchfield County where we finished with " Highest in Overall Satisfaction," a title we work hard for and cherish.

Meanwhile, check us and the activity out at www.bestofcountrylivingblogspot.com

 

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

And the rest of the associates:

Kent: Toni Soule, 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

 

  

 

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.