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Wednesday, March 04, 2015

Real Estate

Real Estate

Tuesday, March 03, 2015

Comings & Goings: Patriot National Bank to 50 Charles St.

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Patriot National Bank, 370 Post Road East in the Compo Acres Shopping Center, plans to relocate to 50 Charles St. in Westport’s Saugatuck section this summer, according to a bank official. The Stamford-based bank, founded in 1994, which has grown to eight branches in Connecticut and two in New York state, purchased the Charles Street facility from TD Bank NA for $1,925,000 in November 2014. Robert C. Hauck, vice president branch manager of the Westport branch said,“There’s much need for a bank in the Saugatuck section. We plan on a big grand opening.” The Patriot National Bank opened at Compo Acres Shopping Center in 2007 in a space previously occupied by Sam Goody’s record store (see WestportNow July 5, 2007) The 50 Charles St. location had housed Westport Bank & Trust Co. for many years until it closed in 1996. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 05:16 PM
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WestportNow Teardown of the Day: 4 Melon Patch Lane

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Steps are in process to acquire a demolition permit to demolish the house at Westport’s 4 Melon Patch Lane, off North Avenue. Built in 1972, the two-story colonial has 3,022 square feet, is situated on a 1.25-acre property and changed ownership in last month for $1,025,000. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 12:04 PM
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Monday, March 02, 2015

WestportNow Teardown of the Day: 55 Cross Highway

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An application for a permit to demolish the house at Westport’s 55 Cross Highway is in process. Built in 1945, the one-story ranch has 1,956 square feet, is situated on a 1.4-acre property and, according to Town Assessor records, last changed ownership in January, 1989 for $330,000.  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 05:11 PM
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Saturday, February 28, 2015

Honoring Our Heritage: 111 Kings Highway North

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The newest recipients of an historical plaque from the Westport Historical Society (WHS) are the owners of the 1915-built house at 111 Kings Highway North, John Koren and his partner Patti McGovern, who acquired the house in 2012. The plaque was presented by Bob Weingarten, WHS house, plaque historian. In 2014, the Historic District Commission (HDC) awarded Koren and McGovern a preservation award for the house in recognition of “the meticulous restoration of this previously abandoned house.” Pictured are (l-r) Weingarten; Koren’s son Jonathan; Koren; John’s partner Patti McGovern; Koren’s daughter, Georgia, and Jonathan’s wife, Anna, holding their daughter Olivia, eight months. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 03:17 PM
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Friday, February 27, 2015

Real Estate Report: Sense of Normalcy Returns to Market

By Judy Szablak

Some semblance of real estate normalcy and rising homeowner equity has returned to Westport. It appears that there are only a few remnants that still exist of the so-called real estate meltdown from the last couple of years.

According to the Greater Fairfield County CMLS, which includes information on recorded liens and public notices, there were no initial filings this year.

In fact, initial filings were down 35 percent in 2014 from the 75 lis pendens (from the Latin, meaning suit pending) recorded in 2013, and last year’s figure is the lowest it has been for the last five years.

There are no upcoming court-ordered foreclosure sales in town, only two bank-owned homes available for sale, and two others that have been disclosed to need short sale approval.

More "Real Estate Report: Sense of Normalcy Returns to Market"

Posted 06:09 PM
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Westport Property Transfers Feb. 9 - 13, 2015

Westport property transfers as reported by the Town Clerk’s office for the period Feb. 9 - 13, 2015:

James E. Schwartz to Frank Marini, 14 Sunset Road, $510,000WNproperty.jpg

13 Turkey Hill Drive LLC to Stuart and Courtney Stakoff, 13 Turkey Hill Road North, $1,555.000

Allan J. Schwartzman Revocable Trust to Roshni and Sunny S. Adalja, 4 Big Pines Road, $760,000

Alan P. Kassan Revocable Trust to Ian Edward and Jane Green Warburg, 16 Owenoke Park, $2,670,000

More "Westport Property Transfers Feb. 9 - 13, 2015"

Posted 10:24 AM
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Wednesday, February 25, 2015

WestportNow Teardown of the Day: 5 Oak Ridge Park

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An application for a permit to demolish the house at Westport’s 5 Oak Ridge Park, off Imperial Avenue, is in process. Built in 1949, the one-story ranch has 1,054 square feet and is situated on a .57-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 08:01 PM
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Tuesday, February 24, 2015

WestportNow Teardown of the Day: 120 King’s Highway North

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An application for a permit to demolish the house at Westport’s 120 Kings Highway North has been approved. Built in 1948, the 1-1/2-story cape has 1,405 square feet, is situated on a .78-acre property and changed ownership in March 2014 for $565,000. Because the property is located within the Kings Highway North Historic District, the demolition permit application required a “certificate of appropriateness” review by the Historic District Commission (HDC) and, according to HDC secretary Carol Leahy, was approved with the stipulation that any new construction also requires HDC approval. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 08:46 PM
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Monday, February 23, 2015

WestportNow Teardown of the Day: 175 Hillspoint Road

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An application for a permit to demolish the house at Westport’s 175 Hillspoint Road is in process. Built in 1928, the two-story conventional style house has 2,846 square feet, is situated on a .8-acre property and changed ownership this month for $1,250,000. 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 04:40 PM
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Friday, February 20, 2015

WestportNow Teardown of the Day: 115 Harbor Road

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An application for a permit to demolish the house at Westport’s 115 Harbor Road, in the Saugatuck Shores area, is in process. Built in 1962, the two-story split level has 1,942 square feet, is situated on a .16-acre property and changed ownership in October 2014 for $1,250,000. 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 01:44 PM
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Going Down: 7 Stony Point Road

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The waterfront house at Westport’s 7 Stony Point Road, in the Saugatuck area, was demolished today. Built in 1960, the 1-1/2 story cape had 3,847 square feet, was situated on a 1.2-acre property and changed ownership in July 2014 for $2.8 million. It was the WestportNow Teardown of the Day on Nov. 11, 2014. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 12:57 PM
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Westport Property Transfers Feb. 2 - 6, 2015

Westport property transfers as reported by the Town Clerk’s office for the period Feb. 2 - 6, 2015:

Barbara Libove Trust to Sabrina Fontanili and Michael Bodetti, 11B Ludlow Road, $540,000WNproperty.jpg

Rudolph and Christopher Sabados to 1791 Post Road East LLC, 1791 Post Road East, $2,350.000

Gerald C. and Betty J. Cushman to SIR-4 Melon Patch LLC, 4 Melon Patch Lane, $1,025,000

US Bank NA-TR to Jacob and Marjorie Salik, 303 Bayberry Lane, $850,000

More "Westport Property Transfers Feb. 2 - 6, 2015"

Posted 10:47 AM
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Thursday, February 19, 2015

WestportNow Teardown of the Day: 29 Surf Road

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An application for a permit to demolish the house at Westport’s 29 Surf Road, in the Saugatuck Shores area, is in process. Built in 1966, the two-story raised ranch has 3,572 square feet, is situated on a .35-acre property and, according to Town Assessor records, last changed ownership in March 2014 for $2.4 million. It was home to Max Wilk, author, playwright, film and television writer, and music impresario, who died in 2011 at age 90. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 03:11 PM
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Real Estate Report: Healthy Market for Contemporary Homes

By Judy Szablak

The market for contemporary-styled homes certainly appears to be a healthy one in Westport.

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Featured Home: This home at 17 Burr Farms Road is listed a $1,690,000. (CLICK TO ENLARGE) Photo courtesy of Higgins Group, Westport/Ruta-Leo Associates.

Just over 11 percent of the available single-family homes are of this type, which typically includes mid-century moderns, and uniquely angled home designs among others.

Oftentimes, we look at contemporaries as being somewhat more affordable than a traditional colonial given the same square footage and amenities.

However, reviewing activity in general from the past year may reveal slightly different circumstances, as higher demand is evident.

More "Real Estate Report: Healthy Market for Contemporary Homes"

Posted 12:47 PM
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Tuesday, February 17, 2015

All Gone: 10 Rustic Lane

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The house at Westport’s 10 Rustic Lane, off Greens Farm Road, was demolished today. Built in 1958, the two-story split level had 3,782 square feet, was situated on a 1.02-acre property and changed ownership in December 2014 for $1,275,000. It was the WestportNow Teardown of the Day on Sept. 26, 2014. A neighbor said, “When we heard some neighborhood noise this morning, I said to my son, that does not sound like a snowplow. By the time we got there to see the demolition it was already down.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 11:57 AM
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