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Saturday, March 28, 2015

Real Estate

Real Estate

Friday, March 27, 2015

Westport Property Transfers March 9 - 13, 2015

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

Schacter-Landsdowne Inc. to Franklin and Rhoda Schacter, 301 Lansdowne, $200,622WNproperty.jpg

Estelle M. Reitano to Beacon Homes CT LLC, 4 Vani Court $340,000

8 Jennings LLC to SRA Westport LLC, 8 Jennings Court, $1,100,000

124 Hillandale LLC to Jeremy L. and Susan F. Ford, 124 Hillandale Road, $3,700,000

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Posted 12:12 PM
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Thursday, March 26, 2015

Comings & Goings: Mario’s Place Changing Ownership

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Westport’s iconic Mario’s Place, 36 Railroad Place, is changing ownership and will change names. The new owners, Vicente and Nuve Siguenza, say they expect the transfer to become final in mid-April. They are owners of Cava in New Canaan, Harvest in Greenwich and New Haven, Scena in Darien and 55 Degrees in Fairfield. Vicente Siguenza said the Westport location will continue to operate as Mario’s Place for an unspecified period and will then change its name to Harvest, a farm-to-table restaurant concept. An employee at Mario’s said the staff had been notified on Monday that the business was being sold. Frank ”Tiger” DeMace, co-founder of the restaurant with the late Mario Sacco, died in 2012 at age 78. (See WestportNow July 26, 2012) The DeMace family will retain ownership of the property and the Siguenzas will operate their restaurant under a long-term lease. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 01:43 PM
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Real Estate Report: Now is Prime Time to Sell or Buy

By Judy Szablak

The message is clear for the real estate market in Westport—now is a prime opportunity to sell a home and a great time to buy.

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Featured Home: This home at 17 Burnham Hill is listed at $4.7 million.  (CLICK TO ENLARGE) Photo courtesy of Coldwell Banker Westport-Riverside

Sellers should ensure that their property stands out from the competition with proper price positioning and home presentation, and buyers need to be ready for all opportunities.

When selling your home, arriving at an appropriate price has little to do with how much proceeds one would like to have when all is said and done.

Rather, it is based upon what the most similar-type properties have sold for in recent months, as these comparables are also what bank appraisers utilize to determine value on the bank’s behalf for the buyer. When the home is priced correctly for the location and its condition, it will sell. 

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Posted 12:13 PM
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Wednesday, March 25, 2015

WestportNow Teardown of the Day:  66 Turkey Hill Road South

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An application for a permit to demolish the house at Westport’s 66 Turkey Hill Road South, near Clapboard Hill Road, is in process. Built in 1928, the two-story colonial has 3,120 square feet and is situated on a 1.19-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 11:51 AM
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Tuesday, March 24, 2015

WestportNow Teardown of the Day: 5 Barbara Place

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An application for a permit to demolish the house at Westport’s 5 Barbara Place, off Old Road, is in process. Built in 1954, the 1-1/2 story cape has 1,659 square feet and is situated on a .33-acre property. The property changed hands this month at $530,000. 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 10:45 PM
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Monday, March 23, 2015

Going Down: 18 Reichert Circle

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The house at Westport’s 18 Reichert Circle, off Cross Highway, was demolished today. Built in 1960, the one-story ranch had 1,936 square feet, was situated on a .36-acre property and, according to Town Assessor records, last changed ownership in March 2012 for $585,000. It was the WestportNow Teardown of the Day on Jan. 31, 2015. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 01:16 PM
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Friday, March 20, 2015

Comings & Goings: Tierra Restaurant Closes

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Two weeks after denying a report that it had closed (see WestportNow March 4, 2015), Westport’s Tierra Restaurant in the basement of the Old Town Hall, 90 Post Road East, has closed, according to Rob Haroun, who owns the building. The restaurant with Latin-inspired cuisine had been open less than one year (see WestportNow May 30, 2014). “We’re sorry to see them leave,” said Haroun. “Meanwhile, we’ve been approached by a number of potential tenants looking to enter the Westport market and would not be surprised if an announcement is made in the next few weeks.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 02:14 PM
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Westport Property Transfers March 2 - 6, 2015

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

Julie L. Blitzer to Leslie Cohen, 10 Devon Road, $3,800,000WNproperty.jpg

Steven Dolberg to Leslie Gordon, 19 Buena Vista Drive, 37% Interest, 872,358

Martina Nicholls Israely to David R. and Andreina G. Bauer, 8 Terra Nova Circle, $935,000

Anne Spelman and Katherine S. Burroughs Trusts to Marjorie B. Brous, 202 Lansdowne, $770,000

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Posted 10:58 AM
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Thursday, March 19, 2015

WestportNow Teardown of the Day: 149-151 Compo Road South

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An application for a permit to demolish the duplex house at Westport’s 149-151 Compo Road South is in process. Built in 1910, the 1-1/2-story conventional has 2,396 square feet, is situated on a .37-acre property and changed ownership in June, 2014 for $750,000. 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 06:28 PM
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Wednesday, March 18, 2015

Real Estate Report: Hottest ‘Price Pocket:’ $950,000 to $1.3 Million

By Judy Szablak

Spring officially arrives on Friday, and certain price ranges in Westport are already beginning to enjoy the seasonal upswing in market activity.

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Featured Home: This home AT 12 Jennings Court is listed at $2,995,000. (CLICK TO ENLARGE) Photo courtesy of William Raveis- Westport/Molly Lane Homes

The three dominant price pockets of available homes for sale are $2.25 million to $2.5 million, $2.75 million to $3 million, and $3.5 million to $4 million. Together, they comprise almost 25 percent of the available inventory.

The hottest “price pocket” that is trending right now for deposits is $950,000 to $1.3 million, and a lot of that also has to do with lack of inventory in that range.

These homeowners will most likely be moving up in a price bracket, and many of them will stay in town.

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Posted 09:56 PM
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Monday, March 16, 2015

Comings & Goings: Geiger’s Closes on Post Road East

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Geiger’s Garden Center, a landmark, family-owned business at 1135 Post Road East since 1953, has closed. The 2.5-acre property was purchased for redevelopment to include 12 housing units, including two affordable as well as a bank in the front. Geiger’s maintains a landscape consulting business in Westport’s Sconset Square on Myrtle Avenue. The nursery business is now located on Frogtown Road in New Canaan. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 03:44 PM
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Friday, March 13, 2015

Westport Property Transfers Feb. 23 - 27, 2015

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

Nathan L. Wolfson Estate to Mary G. and Robert A. Dortenzio, 315 Harvest Commons, $650,000WNproperty.jpg

Mattera Construction 5 Sprucewood Lane LLC to Jane Ann Crawford, 5 Sprucewood Lane, $3,800.000

Laurel Oztemel to Mark and Meena P. Pellerin, 240 Saugatuck Ave., $2,140,000

REX Investments LLC to Salvatore Larocca, 40 Silent Grove North, $865,000

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Posted 10:17 AM
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Wednesday, March 11, 2015

All Gone: 14 Sunrise Road

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The demolition of the house at Westport’s 14 Sunrise Road, in the Saugatuck section, is in process. Built in 1950, the 1-1/4-story cape had 1,156 square feet, was situated on a .27-acre property and last changed ownership in February 2010 for $$405,000. It was the WestportNow Teardown of the Day Dec. 16, 2014. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 01:57 PM
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Tuesday, March 10, 2015

Real Estate Report: New Construction Sales Soar

By Judy Szablak

New construction sales are through the roof in Westport, and are more brisk than they have been in recent memory.

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Featured Home This home at 100 Coleytown Road is listed at $2.8 million. (CLICK TO ENLARGE) Photo courtesy of William Raveis-Westport/Jeanette Dryburgh and Associates.

An initial look at the housing market shows that first few months of 2015 mirror the first few months of 2014.

The exact same amount of 41 unit sales occurred in both years, there is an inventory level difference of just one property, the median price is within 3.5 percent, and the average price is within 2 percent.

However, total sales volume has increased by more than $30 million over this same time period from last year.

More "Real Estate Report: New Construction Sales Soar"

Posted 10:56 AM
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Monday, March 09, 2015

WestportNow Teardown of the Day: 15 Remlin Court

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An application for a permit to demolish the house at Westport’s 15 Remlin Court, off Imperial Avenue, is in process. Built in 1959, the one-story ranch has 1,032 square feet, is situated on a .36-acre property and changed ownership in December 2014 for $675,000. 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 04:47 PM
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