An application for a permit to demolish the circa 1900 detached garage and apartment (also referred to in the application “a cabin and car port”) at Westport’s 1 Red Coat Road, near Merritt Parkway Exit 41, is in process. This is the second stage of the demolition plans. In the first stage, the colonial-style circa 1900 house that shared the one-acre property was demolished in February (see WestportNow Feb. 1, 2012) having changed ownership in March 2007 for $585,000. That house originally appeared as the WestportNow Teardown of the Day on Oct. 18, 2007. However, demolition was delayed for several years. Because the structure is over 50 years old, the application will be reviewed by the Historic District Commission. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
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Comings & Goings: Arezzo Restaurant Opens
A new Italian restaurant, Arezzo, has opened at Westport’s 5 Riverside Ave., according to chef Sergio Llanos. The restaurant feature prime steaks, seafood, and pasta with a northern Italy influence and a full wine list. The 3,200-square feet location has seating for 80 diners inside and 24 diners outside on the patio along the Saugatuck river. Llanos said the restaurant serves dinner Sunday through Thursday 5 p.m. – 10 p.m. and weekends until 11 p.m. He said they have not yet determined when they will start serving lunch. The prior occupant was Napoli Sul Fume which closed in December 2010. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Westport Property Transfers July 16 – 20, 2012
Westport property transfers as reported by the Town Clerk’s office for the period July 16 - 20, 2012:
Daniel A. Levinson to Edward and Flora Levin, 10 Blind Brook Road, $1,737,500
Jean Douville Kaiser to John and Crystal Suh, 28 Coleytown Road, $2,850,000
Patricia Jo Kluever to Leslie M. Hand and Stefan Baer, 1 Chelsea Court, $775,000
Able Construction Inc. to David and Amy Schwartz, 15 Brook Lane, $1,888,000
WestportNow Teardown of the Day: 7 Elwil Drive
An application for a permit to demolish the house at Westport’s 7 Elwil Drive, off Roseville Road, is in process. Built in 1959, the one-story contemporary has 3,125 square feet, is situated on a 1.55-acre property at the end of a cul-de-sac and changed ownership in June for $1,150,000. 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
WestportNow Teardown of the Day: 3 Webb Road
An application for a permit to demolish the house at Westport’s 3 Webb Road, off Whitney Street, is in process. Built in 1950, the two-story colonial has 1,960 square feet and is situated on a .44-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
Real Estate Report: More Gains But Still Caution
By Judy Szablak
The most recent S&P/Case Shiller report shows May posted another gain after seven consecutive months of decline, and it was the strongest month-over-month gain in more than 10 years.
This home at 1 Keenes Road is listed for $1,699,000. (CLICK TO ENLARGE) Photo courtesy of William Raveis/Westport
The Composite 20 Index rose 2.2 percent in May from April’s report, and all 20 cities posted monthly results in the positive.
The latest report shows that prices across the country have remained at 2003 levels, as they have been for much of this year. Prices are down about 33 percent from their peak in the summer of 2006.
Davd Blitzer, chairman of the Index committee, was cautious.
WestportNow Teardown of the Day: 42 Newtown Tpk.
An application for a permit to demolish the house at Westport’s 42 Newtown Turnpike, off Heron Lake Lane, is in process. Built in 1932, the one-story ranch has 1,323 square feet and is situated on a 1.18-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
Going Down: 108 Long Lots Road
The house at Westport’s 108 Long Lots Road was demolished today. Built in 1959, the one-story split had 1,555 square feet, was situated on a secluded 1.04-acre property and changed ownership last month for $720,000. It was the WestportNow Teardown of the Day on April 26, 2012. (CLICK TO ENLARGE) Bob Eckman for WestportNow.com
Real Estate Report: Yet More Signs of Improvement
By Judy Szablak
Zillow’s June 2013 Home Value Forecast is more good news, and evidence that the real estate market has finally turned a corner.
This home at 9 Elmwood Road is listed for $1,492,000. (CLICK TO ENLARGE) Photo courtesy of Coldwell Banker/Westport
Zillow’s newly released second quarter reports show that home values have increased 2.1 percent from the second quarter of 2011, which is the first year-over-year increase since 2007.
The promising report shows that home value appreciation this past quarter was the highest since the last quarter of 2005.
Stan Humphries, who is in charge of data and analytics at Zillow, said that the past three months ending June 30 showed “a really solid second quarter in the midst of some economic headwinds, which indicates the housing market has some organic fundamental strength on its own.”
Westport Property Transfers July 9 – 13, 2012
Westport property transfers as reported by the Town Clerk’s office for the period July 9 - 13, 2012:
Coastal 6 Elwil LLC to Michael Spellacy and Stephanie Rosenthal, 6 Elwil Drive, $2,850,000
Richard G. Sobel / Stacey Gladstone Sobel to Christina Carol McKay-Dichristina Tr., James D. Funnell Jr. Tr., 19 Clover Lane, $1,150,000
Juliet Holland to Gilda S. Orwasher, 54 Harbor Road, $600,000
Sovereign Bank NA to RPM Property LLC, 1 Pine St., $530,000
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