An application is in process for a permit to demolish the house at Westport’s 79 Richmondville Avenue, off Main Street. Built in 1956, the one-story ranch is 1,380 square feet on a .65-acre property. The house changed ownership this month for $725,000. 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
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With New Building, Downtown Will Be “Extended”
By Dave Matlow
A two-story building will be erected at Westport’s 100 Post Road East. (CLICK TO ENLARGE) Contributed rendering
A 4,200-square-foot commercial building is poised to go up at Westport’s 100 Post Road East following last week’s Planning and Zoning Commission (P&Z) site plan approval.
The downtown’s first major commercial construction in decades, the building is to be situated adjacent to Old Town Hall and at the site of the vacated, drive-up TD Bank kiosk.
“We’ve had much interest in the property from prospective tenants, but I want the right tenant,” said Rob Haroun, principal of Old Town Hall LLC.
“I do not want to lease it for food use,” he added, noting that he is in discussion with two clothing companies he did not disclose. “With Urban Outfitters across the street, and 90 Post Road East (Old Town Hall) leased to Spruce Home and Garden, and the Town Hall Restaurant opening in its lower level, Westport’s downtown has been extended.”
Real Estate Report: Positive Market Indicators
By Judy Szablak
The National Association of Realtors (NAR) recent report on pending home sales shows that this year has started off with the highest rate of contract signings in one month since April 2010.
Featured Home of the Week: this condominium at 111 Lansdowne is listed at $695,000. (CLICK TO ENLARGE) Photo courtesy of Weichert Realtors.
The Pending Home Sales Index (PHSI) assists in predicting future sales by the amount of pending contracts that were entered into in the last reporting period.
Chief economist at NAR Lawrence Yun, indicated that he was hopeful with the latest index results.
“Given more favorable housing market conditions, the trend in contract activity implies we are on track for a more meaningful sales gain this year,” he said. “With a sustained downtrend in unsold inventory, this would bring about a broad price stabilization or even modest national price growth, of course with local variations.”
Going Down: 15 Island Way
Demolition has begun at the house located at Westport’s 15 Island Way, in the Saugatuck Shores area. Built in 1929, the 1 3/4-story cape had 2,183 square feet and was situated on a ,22-acre property. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Westport Property Transfers Feb. 27 – Mar. 2, 2012
Westport property transfers as reported by the Town Clerk’s office for the period Feb. 27 - March 2, 2012:
Linda M. and Robert F. Gould Jr. to John E. and Adrienne B. Tober, 3 Meeker Lane, $1,350,000
Laura Agostini to Jonathan and Navida Greifenberger, 104 North Ave., $1,130,000
Robert Utzler to James L. and Alexandra F. Dodwell III, 5B Gorham Ave., $1,355,000
55 Post Road West LLC to Homeclear PRW Ventures LLC, 55 Post Road West, $8,500,000
Going Down: 47 High Point Road
The house at Westport’s 47 High Point Road, off Long Lots Road, was demolished today. Built in 1956, the one-story ranch had 2,380 square feet on a 1.11-acre property. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Going Down: 40 Harbor Road
Demolition has begun on the house located at 40 Harbor Road in Westport’s Saugatuck Shores area. Built in 1961, the two-story colonial had 1,765 square feet on a .25-acre property. The house changed ownership in January for $995,000. It was the WestportNow Teardown of the Day on Oct. 31, 2011. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Real Estate Report: Affordable Westport
By Judy Szablak
Westport has not been this affordable in years, and a review of recent sales confirms it. The under $1 million price range has shown substantial activity over the last six months and continues to be strong.
This home at 15 Janson Drive is listed for $899,000. (CLICK TO ENLARGE) Photo courtesy of The Hamilton Team at William Raveis Real Estate, Westport
Almost 25 percent of all the homes available for sale in Westport are listed under $1 million, and more than 47 percent of all the homes sold or pended in the last six months have been in this affordable range.
While the flurry of activity in this range is good for single family home sales, the condominium market has suffered because of it.
Those selling condominiums need to take special note of the single family home market conditions as they do relate to the sale ability of their home.
Going Down: 15 Turkey Hill Road South
The house at Westport’s 15 Turkey Hill Road South was demolished today. Built in 1940, the 1-3/4 story conventional had 1,987 square feet, was situated on a two-acre property and changed ownership for $2,050,000 in November 2011. The property was approved for subdivision rebuilding. According to the developer, construction of the first of two houses will begin in April. It was the WestportNow Teardown of the Day on Oct. 28, 2011. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Going Down: 37 Narrow Rocks Road
The house at Westport’s 37 Narrow Rocks Road, at the intersection of Compo Road South, was demolished today. Built in 1962, the one-story split level had 1,553 square feet, was situated on a one-acre property and changed ownership last month for $1,050,000. It was the WestportNow Teardown of the Day on Jan. 3, 2012. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
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