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Tuesday, April 21, 2015

Real Estate

Real Estate

Monday, April 20, 2015

WestportNow Teardown of the Day: 4 Vani Court

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An application for a permit to demolish the house at Westport’s 4 Vani Court, off Compo Road South, is in process. Built in 1947, the one-story cape has 864 square feet, is situated on a .21-acre property and changed ownership last month for $340,000. 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 01:15 PM
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Friday, April 17, 2015

Westport Property Transfers March 30 - April 3, 2015

Westport property transfers as reported by the Town Clerk’s office for the period March 30 - April 3, 2015:

Hermano Hidajat and Angela Ichwan to Rory S. and Lisa Trifon, 10 Saint George Place, $668,000WNproperty.jpg

Susan Liberman to Brett J. and Jennifer A. Lieberman, 3 Court Of Oaks, $550,000

Richard C. and Paula C. Leonard to Richard C. and Amy K. Leonard Jr., 3 Orchard Lane, $620,000

EMB Homes LLC to Leslie Wolf, 378 Main St., $1,175,000

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Posted 10:56 AM
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Thursday, April 16, 2015

Real Estate Report: Waterfront Homes Doing Well

By Judy Szablak

It’s certainly the season for waterfront homes in Westport. After what seemed like such a prolonged winter, this segment of the market is already performing well.

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Featured Home: This home at 17 Soundview Drive is listed at $2,995,000. (CLICK TO ENLARGE) Photo courtesy of the Higgins Group/Westport

In fact, seven waterfront homes have entered into various stages of deposit in the last two weeks alone. This boom is expected to continue in the forthcoming months.

In the last week, five newly listed waterfront estates have entered the market. These homes range in price from $7.5 million up to $11.5 million, which has brought up the average townwide list price of waterfront properties to just under $4.1 million.

As of today, there are 50 homes listed through our Multiple Listing Service as having some kind of waterfront, and they represent 16 percent of all of the homes available in town. Thirty-seven have sold in the last year, with the highest selling price being $11,906,000 on Manitou Court.

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Posted 01:31 PM
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Tuesday, April 14, 2015

Comings & Goings: Steak House Replaces Clam House

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The former Mansion Clam House restaurant site at 541 Riverside Ave., vacant since last October, will reopen as Parker Steaks, according to a company employee. Owner Patrick Fahy owns Parker Steaks & Scotch in Trumbull and Parker Eatery & Bar in Stratford. No date for the opening was given. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 09:43 PM
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Friday, April 10, 2015

Westport Property Transfers March 23 - 27, 2015

Westport property transfers as reported by the Town Clerk’s office for the period March 23 - 27, 2015:

Jeffrey E. and Keelin A. Kirt to Laura Schechter, 48 Crawford Road, $1,120,000WNproperty.jpg

Dan Samuel Revocable Trust to Pavleta Landjeva-Mitev and Filip Mitev, 2 Jennie Lane, 50% Interest, $370,000

Janine Frankovich to Pavleta Landjeva-Mitev and Filip Mitev, 2 Jennie Lane, 50% Interest, $370,000

Katherine S. Schwartz Estate et. al. to Joseph V. Glennon, 7 Wilton Terrace, $490,001

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Posted 11:28 AM
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Thursday, April 09, 2015

Bridgewater Plans Eco-Friendly Glendinning Redo

By James Lomuscio

Representatives of Bridgewater Associates, the Westport-based international hedge fund, tonight presented themselves as environmental stewards in a pre-application for the redevelopment of the 21.7-acre corporate campus at 1 Glendinning Plkace and 25 Ford Road.

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A Bridgewater Associates parking lot at its Glendenning headquarters flooded in a March 2011 storm. Proposed improvements are intended to allieviate the flooding potential. (CLICK TO ENLARGE) Neil Engler for WestportNow.com

The pre-application came almost a year after the company, Westport’s largest employer, said it was abandoning plans to move to Stamford, first announced two years earlier. (See WestportNow June 27, 2014) Bridgewater employs 1,500 persons in Westport at multiple locations.

Landscape architect Wesley Stout detailed plans about removing 170 paved parking spaces, “two acres of paving,” near confluences of the Saugatuck and Aspetuck Rivers, “and burying them into a parking garage.”

“We will excavate and create two levels underneath the current surface and put a green roof on top,” he said.

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Posted 10:03 PM
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Real Estate Report: Don’t Underestimate Photos

By Judy Szablak

Do not ever underestimate the power of professional photography along with staging your home for sale in Westport.

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Featured Home: This home at 11 Partrick Lane is listed at $1,199,000. (CLICK TO ENLARGE) Photo courtesy of William Raveis-Westport / Amaru and Associates

We hear a lot about staging your home for the market, and with good reason. Properly executed preparation helps to sell a home. However, a beautifully staged home with poor marketing photography is almost a waste of time and energy.

In other words, it’s not that cut-and-dry to just stage your home. The photos that are utilized in online or offline advertising also matter a great deal.

But sometimes, a home just cannot be as easily prepped for sale as agents or homeowners would like. There will be some level of uncomfortable disruption when you actually live in the home, and have excess items that just cannot easily be removed or changed.

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Posted 08:12 PM
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Going Down: Weeks Pavilion, Church Lane

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The Weeks Pavilion building in the former Westport Weston Family YMCA on Westport’s Church Lane was being demolished today. Built in 1976, the two-story, 50,000-square foot commercial structure that housed multiple facilities, including the swimming pool, will make way for a new retail, office, and residential structure under development by Bedford Square Associates. It was the WestportNow Teardown of the Day Jan. 30, 2015. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 11:41 AM
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Weeks Pavilion Making Way for Bedford Square

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The Weeks Pavilion building, part of the Westport Weston YMCA since 1976, was being torn down today. A new structure will be built as part of the Bedford Square development. (CLICK TO ENLARGE) WestportNow.com photo

Posted 11:36 AM
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After 39 Years, Weeks Pavilion Comes Down


Scenes from today’s start of demolition of the Weeks Pavilion on Westport’s Church Lane.  Dave Matlow for WestportNow.com and WestportNow.com photos

Posted 11:31 AM
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Wednesday, April 08, 2015

WestportNow Teardown of the Day: 6 Burr Farms Road

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An application for a permit to demolish the house at Westport’s 6 Burr Farms Road, off Long Lots Road, is in process. Built in 1952, the one-story ranch has 1,870 square feet, is situated on a 1.13-acre property and, according to Town Assessor records, last changed hands in 1994 for $308,000. 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 10:18 AM
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Friday, April 03, 2015

Westport Property Transfers March 16 - 20, 2015

Westport property transfers as reported by the Town Clerk’s office for the period March 16 - 20, 2015:

Douglas E. Moss to Tod Harrison and Jennifer Kuehn, 23 Grove Point Road, $1,050,000WNproperty.jpg

Helen P. Kondub to 164 Imperial Ave LLC, 164 Imperial Ave. $775,000

James Richard and Jennifer Jester to Uri Fridman and Emily Sigalow, 12 St James Place, $750,000

Posted 09:54 AM
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Thursday, April 02, 2015

Real Estate Report: Home Prices Jump

By Judy Szablak

The real estate market may have appeared to many to have exhibited a slow start this year in Westport. Perhaps the multiple snowstorms may have made it seem that way, but in fact, we ran pretty much on par with last year’s first quarter, with the exception of new construction.

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Featured HomeThis home at 14 Woody Lane is listed at $3,595,000. (CLICK TO ENLARGE) Photo courtesy of The Riverside Realty Group/Lieberman and Associates

The first quarter of both 2014 and 2015 show strikingly similar average home size of approximately 4,300-square feet.

However, average prices for these homes jumped more than $300,000 to just under $1.87 million, with a difference in closed sales of just two units. That in itself is an outstanding feat, but should not be construed as a significant increase across the board in value which could appear as a 15 percent price increase year over year. It’s not. 

Although this should certainly be looked at in a positive manner, one comparison of a singular set of statistics does not define the market. Many statistical subsets are needed to confirm, verify or negate various analyses, and anomalies have to be considered when looking at the overall market.

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Posted 07:15 PM
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WestportNow Teardown of the Day: 32 Mayflower Parkway

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An application for a permit to demolish the house at Westport’s 32 Mayflower Parkway, near Compo Road South, is in process. Built in 1952, the one-story ranch has 1,970 square feet and is situated on a .68-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 11:24 AM
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Wednesday, April 01, 2015

WestportNow Teardown of the Day: 36 Narrow Rocks Rd

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An application for a permit to demolish the house at Westport’s 36 Narrow Rocks Road, off Compo Road South, is in process. Built in 1795, the two-story antique has 3,176 square feet, is situated on a 1.15-acre property and changed ownership in May, 2012 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 03:22 PM
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