Monday, November 30, 2015
Westport Property Transfers Nov. 9 - 13, 2015
Westport property transfers as reported by the Town Clerk’s office for the period Nov. 9 - 13, 2015:
Jere L. and Robert A. Moskovitz to Simon C. Moody, 7 Valley Road, $800,000
Frank J. Nistico III and Virgina Nistico to 290 Wilton Road LLC, 290-292 Wilton Road, $2,800,000
Lucille O. Christian to SIR-16 Ridge LLC, 16 Ridge Drive, $602,000
Antonette M. Doddo Revocable Living Trust to Marijus and Irena Sarapinas, 20 Sunrise Road, $530,000
WestportNow Teardown of the Day: 1 Oak Ridge Park
An application for a permit to demolish the house at Westport’s 1 Oak Ridge Park off Imperial Avenue is in process. Built in 1950, the 1-1/4 story cape has 1,245-square feet, is situated on a .34-acre property and, according to town assessor records, last changed ownership in July 2006 for $662,500. Because the house was built more than 50 years ago, the application will be reviewed by the Westport Historic District Commission. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Saturday, November 28, 2015
Comings & Goings: Shoe-Inn to Move Across Main St.
Shoe-Inn, the women’s designer shoe store for four decades at 38 Main St., will move across the street to 21 Main St. in space formerly occupied by Henry Lehr. The space has been vacant since September 2014. According to the store manager, Shoe-Inn will open across the street in February. It has seven other stores located in New Jersey, Westchester County, New York City, and Long Island. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Comings & Goings: Matt Bernson to Brooks Corner
Tribeca-based Matt Bernson, specializing in shoes, handbags, jewelry and small leather goods, will open at 136 Main St.in the Brooks Corner shopping center in space previously occupied by the Johnston & Murphy shoe and accessories store. According to its website, “our shoes are produced in quantities of 100 per color. all of our jewelry is handmade in NYC and our handbags are all produced in quantities of 30 per color.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Friday, November 20, 2015
Westport Property Transfers Nov. 2 - 6, 2015
Westport property transfers as reported by the Town Clerk’s office for the period Nov. 2 - 6, 2015:
Judith T. Mulloy to Kurt J. Von Holhausen, 35 Island Way, $1,400,000
Janet A. Turiel to Joshua and Jane Moritz, 28 Compo Road North, $736,000
5 Hillandale LLC to Julia A. and Timothy D. Bath, 5 Hillandale Road, $2,175,000
Charmed Prospects LLC to Kea Prospect Real Estate LLC, 25 Prospect Road, $3,025,000
Thursday, November 19, 2015
Tax Assessor Has Some Good and Bad News
By Roy Fuchs
Westport Assessor Paul Friia today offered some good news and some bad news to the Y’s Men of Westport Weston about the almost concluded full revaluation.
Tax Assessor Paul Friia: commercial values have increased more than residential. (CLICK TO ENLARGE) Larry Untermeyer for WestportNow.com
The good news—the commercial grand list grew faster than the residential during the five years since the last revaluation, meaning businesses will shoulder a larger portion of total taxes. The bad news—not by much.
Addressing the group’s weekly meeting at the Saugatuck Congregational Church, Friia said state statute requires that every community perform a reval every five years, alternating a “full inspection” assessment, as his office is concluding now, with a desktop update.
Revaluations, he said are done “not to raise taxes… but “to create “an equitable distribution of taxes across the municipality.”
Real Estate Report: Competitive Pricing Important
By Judy Szablak
Available housing inventory in Westport has slowly dwindled as it normally does this time of year, however competitive pricing is still important.
Featured Home: This home at 1 Fairview Drive is listed at $1,099,999. (CLICK TO ENLARGE) Photo courtesy of William Raveis Real Estate-Westport
One of the biggest mistakes that sellers tend to make on pricing is placing a value on a home based upon another that is available, and that is flawed thinking. Yes, it helps for positioning your home in the marketplace, but another house listed for sale is not an indicator of your property’s value.
Bottom line—a home that is still available has not yet sold. Pricing is determined on past sales, and if/when a buyer obtains a mortgage, the lender will send out an appraiser to value the property and make sure that the lender’s investment in a loan will be a prudent decision.
When looking to place a value on your home to sell, it is most important to make a careful review of the market, including what has recently gone under deposit, what has sold and market performance as it pertains to your home specifically.
Friday, November 13, 2015
Westport Property Transfers Oct. 26 - Oct. 30, 2015
Westport property transfers as reported by the Town Clerk’s office for the period Oct. 26 - 30, 2015:
Elizabeth J. Mellor to Brian A. and Renata H. Senatore, 43 Bermuda Road, $1,275,000
Adrienne S. Ettinger to Rachel Prior, 402 Bradley Lane, $550,000
Kenneth R. and Jean F. Lee Estates to John J. Moranski Trust, 5 Laurel Road, $625,000
Zeeiv E. Amitay/Magda Sd De Sigueira to Pedro Dominguez and Kirsten Gerner, 12 Timber Lane, $1,100,000
Thursday, November 12, 2015
Real Estate Report: Holiday Season Offers Unique Advantages
By Judy Szablak
There are a few distinct windows of opportunity for anyone intending on embarking upon a real estate transaction in Westport during the holiday season.
Featured Home: This home at 49 Hillspoint Road is listed at $2,999,950. (CLICK TO ENLARGE) Photo courtesy of The Riverside Realty Group/ Westport
Although from now until January is not usually considered the most opportune time to buy or sell a home, this time of year has its own unique advantages for sellers and buyers.
Sellers have much less competition with other homes on the market than they will in the spring. And the holidays offer a special opportunity to decorate in a festive manner, thereby making a home feel more comfortable and inviting than it may have otherwise. Just be very careful not to overdo it.
Buyers may also be able to negotiate a better price on a home based upon a variety of factors, including market time, condition and price range.
Wednesday, November 11, 2015
Comings & Goings: Jersey Mike’s Subs Opens
Jersey Mike’s Subs officially opened today at 398 Post Rost Eats in the Compo Acres Shopping Center. (See WestportNow Aug. 21, 2015). Robek Juice formerly occupied the space, between Trader Joe’s and Farrow & Ball. According to Brian O’Hagan, who co-owns the franchise area with Troy Davidson, they will own 15 stores by the end of the year. As a promotion the Westport store offers a free sub to everyone who donates at least one dollar to Special Olympics, an offer good through Sunday.. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Sandwich Wrap Cutting to Open
Westport First Selectman Jim Marpe and Westport Weston Chamber of Commerce Executive Director Matthew Mandell today cut a sandwich wrap ribbon to officially welcome Jersey Mike’s Subs to the Compo Acres Shopping Center in Westport. They were joined by co-owners Brian O’Hagan, (l) and Troy Davidson (r). (CLICK TO ENLARGE) Dave Matlow for WestportNow.co
Tuesday, November 10, 2015
Another 8-30g Affordable Housing Project Coming?
Regulatory review has begun on plans for an affordable housing development at 122 Wilton Road, across from Willows Medical complex, according to Alicia Mozian, Westport’s conservation director.
The 1.16-acre parcel at 122 Wilton Road sits at the busy intersection of Kings Highway North and Wilton Road. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
She said the proposal includes 48 units housed in a 64-foot building on the 1.16-acre lot as well as an alternate schematic with a 44-foot building and underground parking.
Mozian said the acquiring party, Stamford-based Garden Homes Management Inc., is in the contract stage for purchase.
“The proposal is in the preliminary assessment stage and requires review by the Flood & Erosion Control regulatory authority,” she said.
Comings & Goings: Crumbs Closes—Again
The open and closed cycle of Crumbs at the corner of Jesup Road and Taylor Place is closed again.The bakery cafe opened in Westport in April 2009 (see WestportNow April 18, 2009), shuttered in July 2014 (see WestportNow, July 8, 2014) and reopened in November 2014 (see WestportNow Nov. 3, 2014). Crumbs retains its other Connecticut location in Greenwich, where an employee there said today he was unaware of the closing of the Westport location. The Crumbs website, which no longer lists a Westport location, shows 14 remaining locations in the District of Columbia, New Jersey, New York, Massachusetts, and California. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
WestportNow Teardown of the Day: 41 Burnham Hill
An application for a permit to demolish the house at Westport’s 41 Burnham Hill off Hillspoint Road is in process. Built in 1953, the two-story colonial has 3,343 square feet and is situated on a .51-acre property. Because the house was built more than 50 years ago, the application will be reviewed by the Westport Historic District Commission. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Friday, November 06, 2015
Westport Property Transfers Oct. 19 - Oct. 23, 2015
Westport property transfers as reported by the Town Clerk’s office for the period Oct. 19 - 23, 2015:
Gerald MacDonell to Burt D. and Bevin P. Erickson, 9 Sycamore Drive, $900,000
Timothy C. and Karla S. Roof to Christopher L. and Stephanie M. Bond, 1 East Meadow Road, $2,033,156
Miguel Lopez Ben and Cynthia Seavey Lopez to Alexander and Rachel Darden, 1 Pier Way Landing, $1,700,000
Andrew M. Salamon to Harbor View Ventures LLC, 20 Cross St. Unit 5, $496,000