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Saturday, August 01, 2015

Real Estate

Real Estate

Friday, July 31, 2015

Westport Property Transfers July 13 - 17, 2015

Westport property transfers as reported by the Town Clerk’s office for the period July 13 - 17, 2015:

Christopher Cocco to Brooke L. Coniglio, 2 Keenes Road, $700,000WNproperty.jpg

William C. Shope Jr. to Thomas L. and Jennifer C. Hassell, 68 Patrick Road, $900,000

Clorinda Fiorentino to Gregory W. MacCordy, 6 Lamplight Lane, $920,000

Jeffrey and Barbara Heil to John and Amanda Wilson, 3 Feather Hill Road, $2,325,000

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Posted 11:59 AM
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Wednesday, July 29, 2015

WestportNow Teardown of the Day: 2 Placid Lake Lane

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An application for a permit to demolish the house at Westport’s 2 Placid Lake Lane, off North Avenue, is in process. Built in 1956, the 1-1/4 story cape has 2,876-square feet and is situated on a 1.56-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

Posted 03:17 PM
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Tuesday, July 28, 2015

Now With a Patio

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The exterior of Positano Ristorante, which has opened next to the Westport Country Playhouse in space most recently occupied by The Dressing Room Restaurant.  The restaurant includes patio dining, something it did not have at its Old Mill Beach location. (CLICK TO ENLARGE) Helen Klisser During for WestportNow.com

Posted 10:05 PM
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Comings & Goings: Old Town Hall Gets New Restaurant

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The basement of Westport’s Old Town Hall, 90 Post Road East next to Restoration Hardware, is getting a new restaurant tenant. A rathskeller-type bar and restaurant, Rothbard Ale + Larder, will open by mid-September, “before Oktoberfest,” according to co-owner Joe Farrell, He and head chef Adam Roytman also co-own Walrus + Carpenter, a barbecue restaurant in Bridgeport, which opened in 2013. Farrell, who grew up in Westport and now lives in Stratford, said the 65-seat space would feature German, Belgian and Austrian beers and wines and a full dining menu. Real estate developer and landlord Rob Haroun describes the eatery as having a “European beer garden” feeling. The space was formerly occupied by Tierra Restaurant, which opened in May 2014 and closed in March 2015 (see WestporttNow March 20, 2015). (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 06:49 PM
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Real Estate Report: Inventory Absorption Rate Higher

By Judy Szablak

There appears to be a positive blip in the Westport real estate market over the last few weeks.

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Featured Home: This home at 196 Hillspoint Road is listed at $2,199,000. (CLICK TO ENLARGE) Photo courtesy of William Raveis- Westport.

Although next month is traditionally one of the slower months of the year due to planned vacations, and back to school preparations,  there is indeed more than a hint of promise for August.

Over time, statistics tell a very important story. Over the last few weeks, the absorption rate on inventory coming on the market and properties going under deposit has been higher than it has been for at least a few months.

A single-family market snapshot for the current period of today (less 90 days) shows that we have 10.26 months of inventory. The prior six to nine month report shows 13.06 months of supply. That’s a significant drop.

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Posted 05:12 PM
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WestportNow Teardown of the Day: 6 Burnham Hill

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An application for a permit to demolish the house at Westport’s 11 Burnham Hill, in the Compo Beach section, is in process. Built in 1954, the two-story colonial has 3,577-square feet, is situated on a .4-acre property and changed hands last month for $1,118,700. 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

Posted 11:52 AM
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Monday, July 27, 2015

WestportNow Teardown of the Day: 11 Old Mill Road

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An application for a permit to demolish the house at Westport’s 11 Old Mill Road, in the Old Mill section of Compo Beach, is in process. Built in 1962, the two-story conventional has 1,436-square feet and is situated on a .1-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

Posted 06:13 PM
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Friday, July 24, 2015

Westport Property Transfers July 6 - 10, 2015

Westport property transfers as reported by the Town Clerk’s office for the period July 6 - 10, 2015:

Caroline Petisi to Jason C. and Grace Q. Brennan, 199 Hillspoint Road, $1,440,000WNproperty.jpg

Jennifer Balin Laska to Diane Hill, 34 Cross Highway, $2, 020,000

Harold J. Daw Estate to Bluewater Buena Vista LLC, 15 Buena Vista Drive, $1,660,000

Michael Wan-Hong Szeto Trust to Richard Russo Revocable Trust, Margaret Rita Russo Revocable Trust, 70 Sylvan Road North, $940,000

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Posted 11:06 AM
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Wednesday, July 22, 2015

WestportNow Teardown of the Day: 15 Buena Vista Drive

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An application for a permit to demolish the house at Westport’s 15 Buena Vista Drive, in the Compo Beach area, is in process. Built in 1929, the two-story colonial has 2,333-square feet, is situated on a .32-acre property and changed ownership this month for $1,660,000. 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

Posted 08:10 PM
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Improvements Approved for 1529 Post Road East

The commercial property at 1529 Post Road East at the intersection of Maple Avenue North is in an early stage of a makeover facelift, according to its owner, Post-Maple Real Estate LLC.

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The approvals were given for the commercial property at 1529 Post Road East at the intersection of Maple Avenue North. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Its representatives, led by Fairfield attorney John Fallon, earned the approval of the Board of Selectmen today of their request for an easement of the town-owned curb and adjacent pavement as reviewed by Public Works Director Steve Edwards, who attended the meeting.

The strip of stores, now occupied by a dry cleaner and coffee shop in addition to spaces vacated in the past year by Top Drawer and Boat Locker, will undergo a “significant architectural upgrade and expansion of the building, including replacement of all existing curbs and pavement,” according to text accompanying a site plan submitted to the Planning & Zoning Commission.

Post-Maple representatives said the parking lot will be redesigned to improve entrance and exits, which will improve driver and pedestrian safety.

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Posted 03:36 PM
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Tuesday, July 21, 2015

WestportNow Teardown of the Day: 10 Keyser Road

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An application for a permit to demolish the house at Westport’s 10 Keyser Road, off Compo Road South, is in process. Built in 1950, the 1-3/4 story ranch has 1,974-square feet and is situated on a .3-acre property. It changed hands this month for $684,000. 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

Posted 04:46 PM
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Friday, July 17, 2015

Westport Property Transfers June 29 - July 3, 2015

Westport property transfers as reported by the Town Clerk’s office for the period June 29 - July 3, 2015:

Sabin Builders LLC to Peter H. Levine and Lindsey Blaivas, 36 Hyde Lane, $2,600,000WNproperty.jpg

Lance A. Smith and Sally B. Luce to Douglas and Elizabeth Pardon, 26 Manitou Road, $1,857,500

Bluewater Debra LLC to Lady Lib LLC, 10 Debra Lane, $3,611,600

Rana M. Buckner to Brain and Maria Fusco, 1 Grist Mill Lane, $1,150,000

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Posted 11:03 AM
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Thursday, July 16, 2015

Real Estate Report: Normal Seasonal Downtime

By Judy Szablak

There certainly are positives in what otherwise may seem to be a slower real estate market in Westport.

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Featured home This home at 18 Spicer Road is listed at $1,449,000. (CLICK TO ENLARGE) Photo courtesy of William Pitt Sotheby’s Westport

However, bear in mind that a lot of what we are experiencing has to do with a normal seasonal downtime, and it should not be of any major concern.

Homes are indeed selling. In fact, there are 100-single family homes under some stage of deposit, which shows continued promise.

That being said, now is the the time to strategize a home sale or purchase, and your plan of action will depend upon your price range. Different price pockets offer varying opportunities for sellers or buyers.

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Posted 07:21 PM
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Wednesday, July 15, 2015

Comings & Goings: Johnston & Murphy Closes

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Johnston & Murphy, the upscale shoe and clothing brand, has closed its longtime Westport store at Brooks Corner, 136 Main St. “It closed one week ago,” said an employee at a neighboring retailer. “It was shocking to all of us. it was fast.” A corporate email to Westport customers suggested they shop online or at the store at Stamford Town Center. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 12:40 PM
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Tuesday, July 14, 2015

Red Barn Contents Go On Sale Friday & Saturday

Nostalgic about the closing of Westport’s Red Barn Restaurant? On Friday and Saturday you will have a chance to take a piece of the restaurant home to have a permanent memento.

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Richard (l) and Frank (ChIch) Nistico Jr. in front of the Red Barm full service bar, which opened in March 2014 after a 30-year effort to get town approvals. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Norwalk’s Fairfield County Antique and Design Center announced that it would be holding an estate-liquidation sale for all the contents of the restaurant at 292 Wilton Road from 8 a.m. to 3 p.m.each day. See pictures of items here.

“We will be selling all fixtures, kitchen equipment, signs, weathervanes, decorations, etc.,” an announcement said. “All are welcome starting at 8 a.m. on Friday. No early birds. Everything will be priced to sell. Own a piece of history from your favorite restaurant.”

The restaurant, owned by the Nistco family since 1983, closed last week after months of swirling rumors of its demise. (See WestportNow July 11, 2015)

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Posted 11:07 PM
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