An application for a permit to demolish a second structure at Westport’s 91 Clapboard Hill Road in the Green’s Farms area is in process. Built in 1900, the one-story studio has 950-square feet and is situated on a 1.89-acre property. Because the secondary structure was built more than 50 years ago, the application will be reviewed by the Westport Historic District Commission. The primary structure, previously demolished, was the WestportNow Teardown of the Day on Nov. 21, 2013. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
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WestportNow Teardown of the Day: 9 Scot Alan Lane
An application for a permit to demolish the house at Westport’s 9 Scot Alan Lane, off Park Lane, is in process. Built in 1960, the one-story split has 1,510-square feet, is situated on a .30-acre property and last changed ownership, according to Town Assessor records, in 1998 for $436,000. The owner said, “We are the parents of two children, in fifth and ninth grade. We’ve outgrown the house after living here for 17 years and will rebuild our new house on this same site. It will not be a McMansion.” 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
Comings & Goings: Subway Moves Across the Street
The Subway Sandwich shop, a longtime tenant of 903 Post Road East, near the Sherwood Diner, opened today at its new across-the-street location, 940 Post Road East, opposite Starbucks. Hours are 7 a.m. to 10 p.m. daily. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Comings & Goings: Snip Doggy Dog Closes
Snip Doggy Dog, an upscale grooming salon for dogs, which opened at 9 Sconset Square in March 2014, has closed. Many of its clients transferred to its Fairfield location at 1125 Post Road in the Brickwalk, according to a staff member, who said the business also operates in Old Greenwich. The 1,000-square foot space in Sconset Square was previously occupied by Akram, a men’s and women’s apparel shop which closed in May 2013 and Green Earth Design previously. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Comings & Goings: Chipotle to Open by End of Month
Chipotle Mexican Grill will open at 376 Post Road East in the Compo Acres Shopping Center by the end of June in the space previously occupied by Oaxaca Asian cuisine, according to a contractor on site. Chipotle Mexican Grill, Inc. has outlets in Fairfield, Darien, and Greenwich, among other Connecticut locations. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Westport Property Transfers May 18 – 22, 2015
Westport property transfers as reported by the Town Clerk’s office for the period May 18 - 22, 2015:
Wynn S. and Amelie Wilson Sanders Jr. to Linda and Monika and Justin Kovacs, 49 Gorham Ave., $1,050,000
David Dusenbury to Stewart A. Waltzman Trust, 73 Regents Park, $824,900
Ellyn L. Stone to Richard S. and Denise Hightower, 17 Warnock Drive, $849,000
Thomas C. Foran and Jane J. Kim to Augustine J. and Kathryn C. Wilkinson, 11 Mallard Lane, $1,187,500
Going Down: 38 & 40 Old Mill
The piece-by-piece dismantling of the houses at Westport’s 38 and 40 Old Mill Road, in the Compo Mill Cover area, is under way. Built in 1920, the house at No. 38 is a one-story ranch, had 1,008-square feet and was situated on a .23-acre property. Built in 1900, the house at No. 40 is a one-story ranch, had 660-square feet and was situated on a .01-acre property. In January the Board of Finance unanimously approved a Town of Westport proposal to purchase the two flood-damaged homes for $1,111,650, funded by a grant from FEMA, demolish them, and leave the land as open space. (See WestportNow Jan. 7, 2015) The houses were the WestportNow Teardown of the Day on Jan. 8, 2015. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
WestportNow Teardown of the Day: 19 Vani Court
An application for a permit to demolish the house at Westport’s 19 Vani Court, off Compo Road South, is in process. Built in 1945, the 1-1/4-story cape has 1,868 square feet, is situated on a .34-acre property and last changed ownership, according to Town Assessor records, in August 2001 for $395,000. The house incurred fire damage in June 2014 (see WestportNow June 23, 2014) 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
Real Estate Report: No Bubble-Like Growth Here
By Judy Szablak
Westport’s real estate market has been slowly gaining ground over the last few months, and even though we would like to see it pick up a little more than it has this year, we should count our blessings.
Featured Home: This home at 7 Roshab Lane, off of Greens Farms Road, is listed at $1.9 million. (CLICK TO ENLARGE) Photo courtesy of William Raveis Westport/Jeanette Dryburgh & Associates
Some areas of the country are experiencing bubble-like growth. However, our steady pace fares much better for the long term.
Yes, some economists are concerned for these markets. In fact, David Blitzer, managing director and chairman of the Index Committee for S&P Dow Jones Indices, said recently that given the long stretch of strong reports, it’s no wonder some are asking if we’re in a new home price bubble.
“The only way you can be sure of a bubble is looking back after it’s over,” he said. “The average 12-month rise in inflation adjusted home prices since 1975 is about 1 percent per year compared to the current 4.1 percent pace, arguing for a bubble.”
Westport Property Transfers May 11 – 15, 2015
Westport property transfers as reported by the Town Clerk’s office for the period May 11 - 15, 2015:
Jed Horwitt to Cynthia O’Brien, 66 Harbor Road, $960,000
Mattera Construction 9 Harding Lane LLC to John G. McAuley and May Wong, 9 Harding Lane, $3,728,102
Marshall and Johanna Kiev to Aaron and Amy Shapiro, 81 Easton Road, $1,262,500
Ruth T. Bedford Revokable Trust to Michael and Stephanie Ferdman, 66 Beachside Ave., $16,000,000
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