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WestportNow Teardown of the Day: 500 Main St.

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An application for a permit to demolish the building at Westport’s 500 Main St. is in process. Built in 1900, the one-story commercial structure, formerly occupied by Daybreak Nurseries (see WestportNow April 30, 2104), has 3,211 square feet, is situated on a 1.56-acre property and changed ownership this month for $1,350,000, which includes the property recorded as 498 Main St. Because the structure was built more than 50 years ago, the application will be reviewed by the Westport Historic District Commission. The purchaser has said four homes will be built on the combined 2.2-acre site. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Westport Property Transfers May 5 – 9, 2014

Westport property transfers as reported by the Town Clerk’s office for the period May 5 - 9, 2014:

Mattera Construction 28 Ferry Lane E LLC tp Michal and Gavin Coman, 28 Ferry Lane E, $3,329,679WNproperty.jpg

Nancy C. Saipe to John J. Moranski Trust, 9 Hen Hawk Lane, $665,000

Manuel and Fernanda Pires to Raymond and Diana Broady, 5 Abbots Lane, $1,590,000

Monique Bosch and Fred Hawrysh to Josh and Ria Nova, 7 Hawthorne Lane, $1,475,000

Real Estate Report: Don’t Rely on Online Appraisals

By Judy Szablak

When looking to buy or sell a home in Westport, it’s easy to find estimates of value online, and pricing your home through these online sources without a Realtor is easier than ever. Or is it?

WestportNow.com Image
Featured home: this home at 2 Medwell Lane is listed at $1,299,000.  (CLICK TO ENLARGE) Photo courtesy of The Riverside Realty Group – Westport

The pricing disparity between sites like Zillow, Homes.com, Trulia and others can leave you scratching your head as to which one is correct. 

Prices can vary on these sites as much as 25 percent—for the same property. For instance, the average price of a home on the market right now in Westport is about $2.4 million.

One site would say that home would be priced at $3 million, while another could say the value is more in line with $1.9 million. That would be a very costly six-figure mistake.

WestportNow Teardown of the Day: 19 Fairfield Ave.

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An application for a permit to demolish the house at Westport’s 19 Fairfield Ave., in the Compo Beach area, is in process. Built in 1930, the 1-3/4 story cape has 1,443-square feet and is situated on a .11-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

Making the Washington Rounds

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Westport’s Cheryl Scott-Daniels (r) is just back from Washington, D.C. where, as president of the Mid-Fairfield County Association of Realtors (MFCAR), she met with U.S. senators, including Sen. Chris Murphy (c) of Connecticut. With her is Carol Heins, executive officer of MFCAR. Connecticut’s other senator, Richard Blumenthal, was on their meeting list as they pressed issues of interest. They included preserving the mission and purpose of the FHA program, reforming the secondary mortgage market to provide certainty in the U.S. housing market, and other tax policies including the mortgage interest deduction, property tax deduction, mortgage debt forgiveness tax relief, and the like-kind exchange. (CLICK TO ENLARGE) Contributed photo

Westport Property Transfers April 28 – May 2, 2014

Westport property transfers as reported by the Town Clerk’s office for the period April 28 - May 2, 2014:

Priscilla K. Boyle and J. Gilbert Plantinga to Matthew Spring and Elizabeth Walchuck, 22 Timber Lane, $850,000WNproperty.jpg

David J. Kappos and Leslie Y. Kimball to Adam Matthew Magsig and Lily Ross Conner, 30 Charcoal Hill Road, $1,715,000

Homes Of Westport LLC to First Ct Capital LLC, 3 Grays Farm Road, $1,900,000

Thomas H. Shrager to Luguang Yang and Jason Carter, 169 Riverside Ave., $740,000

Real Estate Report: Compo Getting Pricier

By Judy Szablak

The Compo Beach area is among the most sought after neighborhoods in Westport, and homes have proven to be more expensive here than they were just a few short months ago.

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This home at 5 Yankee Hill Road is listed at $2,850,000. (CLICK TO ENLARGE) Photo courtesy of William Raveis/ Westport Beach (+) Country Homes

While there are 59 homes available in the Compo Beach area as per our Multiple Listing Service (MLS), that total represents only 18 percent of the entire inventory in town.

The most expensive property in town is in this area as well, and is listed at $14.5 million. Currently, the most affordable home is on Grove Point for $799,000.

Average list prices are approaching $3.7 million, and the average size is just over 4,400 square feet.

Westport Property Transfers April 21 – 25, 2014

Westport property transfers as reported by the Town Clerk’s office for the period April 21 - 25, 2014:

Albert E. and Susan A. Hancock III to Geoffrey and Katie Baldwin, 2 Northside Lane, $1,029,500WNproperty.jpg

Igor and Elena Krichevsky to Michael J. and Kristen L. Spicci, 5 The Mews, $1,105,000

Anthony Hare and Sharon Morley to Gabriele Moscardino, 1 Loretta Court, 1/4 Interest, $110,000

Violet Gaul to Neil H. and Sandra D. Kessner, 113 Regents Park, $843,300

Comings & Goings: Jos. A. Bank to Colonial Green

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Clothier Jos. A. Bank has relocated from the Compo Acres shopping center at 372 Post Road East, to Westport’s Colonial Green, 260 Post Road East, in the space previously occupied by George Subkoff Antiques, which relocated to 5 Post Road West. According to assistant store manager John Donaher, Jos. A. Bank opened at the Compo Acres location in the late 1990s. He said the new and former locations have approximately the same square footage.  “Our lease ended and it was as efficient to move as it would have been to make the necessary renovations at the Compo Acres location so it was decided to relocate.” (CLICK TO ENLARGE) Bob Eckman for WestportNow.com

WestportNow Teardown of the Day: 1 Loretta Court

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An application for a permit to demolish the house at Westport’s 1 Loretta Court, off Hillspoint Road, is in process. Built in 1953, the one-story ranch has 1,704 square feet and is situated on a .51-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