Friday, December 06, 2013
Westport Property Transfers Nov. 18 - 22, 2013
Westport property transfers as reported by the Town Clerk’s office for the period Nov. 18 - 22, 2013:
Nancy M. Stackhouse to SIR-12 Quintard LLC, 12 Quintard Place, $630,000
MCP Imperial Ave LLC to 29 Imperial Ave LLC, 29-29A Imperial Ave., $800,000
John C. and Jeri Skinner to Glenn P. and Jamie Camche, 11 Roosevelt Road, $1,150,000
Dimitrios P. Smyrnios to Hans L. Christensen and Farrah S. Bokhari, 38 Bermuda Road, $5,900,000
Comings & Goings: Luxe Reopens Next Week
Luxe Winerbar, formerly known as Luxe Modern Wine & Cocktails, 190 Main St., will reopen next week, according to new owner Dave Morton. It originally opened in January 2012 by owners Roberts and Renee Reilly and then closed three months ago, only to announce the following day there was a new investor and would reopen. Morton said the bar will retain the same concept but will add light fare, including tapas-style tastings and a few desserts to complement the existing cheese and charcuterie to give it “a warmer, more comfortable and more welcoming environment.” A Stratford resident, Morton said he was formerly a member of the management team of Westport-based Techtronics, a high tech retail startup. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Tuesday, December 03, 2013
Westport Property Transfers Nov. 11 - 15, 2013
Westport property transfers as reported by the Town Clerk’s office for the period Nov. 11 - 15, 2013:
Bluewater Yankee Hill LLC to Robert C. and Veronica Ann Green, 15 Yankee Hill Road, $5,625,000
Cameron F. and Nancy Weaver Stewart to Caccamo Lane LLC, 3 Caccamo Lane, $1,705,000
SIR-3 Sharp Turn LLC to Catherine and Ira Galin, 3 Sharp Turn Road, $1,725,000
Kurt H. and Karen N. Kruger to 11 Owenoke Park LLC, 11 Owenoke Park, $3,175,000
Real Estate Report: Paying Up for 6-Plus Bedrooms
By Judy Szablak
Westporters still like big homes and are willing to pay up for homes with six bedrooms or more.
This home on 2 Woodhill Road is listed at $2,499,000. (CLICK TO ENLARGE) Photo courtesy of Coldwell Banker Westport-Riverside
Compared to this time last year, homes with six bedrooms or more have experienced a significant jump in pricing and an increase in unit sales of 19 percent. And the price gap between five-bedroom homes and six-plus-bedroom homes is also significant.
There are currently 78 five-bedroom homes on the market with an average asking price of $2,154,809. And there are 73 six-or-more bedroom homes with more than 5,000 square feet that are listed at an average price of $3,737,119.
According to sales compiled from the Multiple Listing Service, in the last year, the average sales price of a five-bedroom home between 3,000- 4,999 square feet was $1,527,059. A six-bedroom home with more than 5,000 square feet of living area came in almost double that of $2,980,977.
Going Down: 11 Caccamo Lane
The house at Westport’s 11 Caccamo Lane, near Gorham Avenue, was demolished today. Built in 1965, the one-story raised ranch had 2,351 square feet, was situated on a .54-acre property and changed ownership in October for $1 million. It was the WestportNow Teardown of the Day on Nov. 25, 2013. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Comings & Goings: Granola Bar Readies Opening
Workers add final touches in preparation for this week’s opening of the Granola Bar at Westport’s Playhouse Square The Granola Bar, a pure food and coffee cafe, will occupy the 2,000-square foot space formerly occupied by Silver Ribbon Jewelers, according to owners Julie Gaines and Dana Noorily. The Westport residents produce Oats Granola, which is sold in more than 80 stores, including Whole Foods markets. The entrepreneurs also launched a food truck in November to sell bakery products at soccer fields and other events. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Monday, December 02, 2013
Comings & Goings: Bassett Furniture to Open Dec. 10
Bassett Furniture, the home furnishings store, will open at 1100 Post Road East on Dec. 10, according to a worker on site (see WestportNow Sept. 12, 2013). Located in the L-shaped strip mall anchored by Barnes & Noble, Bassett, founded in 1902 in Bassett, Va., has approximately 100 locations in the United States, Puerto Rico and Canada. Bassett expanded the space formerly occupied by Pompanoosuc Mills for 10 years before relocating to a smaller space at 222 Post Road West. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Comings & Goings: Geiger’s to Sconset Square
Geiger Landscape Design will open at 10 Sconset Square, off Myrtle Avenue, this month, according to a worker on site. An employee at Geiger Garden Center’s primary location, 1135 Post Road East, said the new offices are an expansion of its landscape architectural design business. An application is in process to demolish the two buildings, which comprise the Post Road East location (see WestportNow Oct. 31, 2013). (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Wednesday, November 27, 2013
Save the Children Closes on $11.9M Sale of Westport HQ
UPDATE Three months after announcing a contract had been signed, Westport-based Save the Children said Tuesday it has closed on the sale of its building at 54 Wilton Road to developer Westport David Waldman and partners.
Save the Children said 290 employees will relocate to a nearby facility. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
No price was cited in the announcement, but a filing Wednesday morning in the Town Clerk’s office showed the price was $11,925,000 for the 58,771-square foot office building on 2.59 acres on the Saugatuck River.
The filing also showed that Waldman’s partners are Greenfield Partners, which owns the adjacent National Hall property. The town reaped $29,812.50 in conveyance taxes.
“We plan to relocate our headquarters next spring to a nearby property that will be suitable for our growing operations,” said Save the Children spokesman Jeremy Soulliere, who identified the buyer by its official name, STC Green LLC.
Monday, November 25, 2013
WestportNow Teardown of the Day: 11 Caccamo Lane
An application for a permit to demolish the house at Westport’s 11 Caccamo Lane, near Gorham Avenue, is in process. Built in 1965, the one-story raised ranch has 2,351 square feet, is situated on a .54-acre property and changed ownership last month for $1 million. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Friday, November 22, 2013
Westport Property Transfers Nov. 4 - 8, 2013
Westport property transfers as reported by the Town Clerk’s office for the period Nov. 4 - 8, 2013:
ECP Westport LLC to Greens Farms Centre Associates, 1835 Post Road East, $3,475,000
Stuart D. Farnworth to Anthony H. and Jessica Hill, 5 Spicer Road, $999,000
Dorothy Schaeffer to Robert J. Parisi, 18 Center St., $605,000
Sumner Jules Glimcher Trust to Ronald S. Friedson, 10 Crescent Park Road, $290,000
WestportNow Teardown of the Day: 45 Owenoke Park
An application for a permit to demolish the house at Westport’s 45 Owenoke Park in the Compo Beach area is in process. Built in 1920, the two-story colonial has 3,161 square feet, is situated on a .71-acre waterfront property and changed ownership last month for $5,455,000. 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
Thursday, November 21, 2013
WestportNow Teardown of the Day: 91 Clapboard Hill Rd
An application for a permit to demolish the house at Westport’s 91 Clapboard Hill Road in the Green’s Farms area is in process. Built in 1900, the two-story contemporary has 4,258 square feet and is situated on a 1.89-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
Wednesday, November 20, 2013
WestportNow Teardown of the Day: 14 Prospect Road
An application for a permit to demolish the house at Westport’s 14 Prospect Road, off Greens Farms Road, is in process. Built in 1960, the one-story ranch has 2,328 square feet and is situated on a 1.01-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
Tuesday, November 19, 2013
Real Estate Report: Contemporary Style is Hot
By Judy Szablak
Westport’s single family home inventory is down, as is much of the nation, however contemporary-styled homes for sale are particularly scarce.
This home at 82 Morningside Drive South is listed at $3,575,000. (CLICK TO ENLARGE) Photo courtesy of Higgins Group/Christie’s Great Estates—Westport
For example, in Fairfield County, there are more than 3,900 single family properties for sale according to our local Multiple Listing Service. Countywide, less than 10 percent of these homes are either contemporary in interior or exterior styling, and Westport has just 39 homes actively listed fitting the description.
As we have watched our overall market improve, this segment has also performed well over the last few years. Sales data is consistent in both 2012 and 2013, with 39 homes sold last year, and 35 closings year-to-date, with another four pended and scheduled to close. Average sale prices are up more than 8 percent year-over-year.
There was a significant drop of nearly 13 percent from last week’s inventory, and there are now just 249 homes that are actively on the market which is partly seasonal. The average list price of these available homes is $2,340,273, and these properties have been listed for average of 125 days, with a cumulative market time of 203 days. The median price is currently at $1,785,000.
Note: WestportNow Publisher Gordon F. Joseloff is also First Selectman of Westport