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Real Estate Report: Size Matters

By Judy Szablak

Special to WestportNow

Size does matter when buying or selling a home in Westport.

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Featured Home: This home at 42 Owenoke Park is listed at $3,099,000. (CLICK TO ENLARGE) Photo courtesy of Settlers & Traders Real Estate Company

There are currently 276 single family homes on the market, and 51 of these properties that are available have under 2,500-square feet of living area, and their average price is $938,671.

A slightly above average deposit ratio makes this range among one of the more active segments in town.

However, the 4,001- to 5,000-square foot size has the most inventory with 49 homes currently available for sale at an average price of $1,927,237.

Westport Real Estate Price Changes

Westport real estate price changes over the past week:

15 Rayfield Road           $564,000->$549,000
7 Sue Terrace             $599,000->$579,000
55 Colony Road       $1,149,000->$1,049,000
15 Dogwood Lane     $1,695,000->$1,589,000
8 Moss Ledge Road   $ 2,250,000->$1,999,900
48 Hillandale Road     $2,245,000->$2,195,000
—Judy Szablak

WestportNow Teardown of the Day: 113 Old Road

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An application for a permit to demolish the house at Westport’s 113 Old Road, near Bulkley Avenue North, is in process. Built in 1966, the one-story ranch has 1,845-square feet and is situated on a 1.01-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

Comings & Goings: Commuter Coffee for Sale

By Dave Matlow

Commuter Coffee, 46 Railroad Place, the iconic family-owned eatery across from the westbound platform of the Metro-North Westport station in Saugatuck for four decades, is for sale.

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Family-owned Commuter Coffee has been a Railroad Place mainstay since 1976. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

“It’s time to move on. We’re at the end of an era,” said owner Fred Whelan, son-in-law of original owner Tom Papan.

Papan opened the business in 1976 and expanded it in 1988 by adding an eating area.

Whelan emphasized: “We’re not closing. We’re not going out of business. We’re working closely with our landlord to make it easy for a new owner to take over, but we don’t know what a new owner will do with the space.”

Comings & Goings: Whip Salon Opens at Bedford Square

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The Whip Salon, a hair salon and medi spa, opened today on the upper level of Bedford Square. “Our 10 operators were busy all day, from the moment we opened,” said Joanne Chapdelaine, head of operations (behind counter.) The new business has 18 stations, each with its own charging station, and free WiFi. Owner Amy Pal said: “The aim of Whip Salon is to create a hassle free, and high end experience for people on the go.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Westport Property Transfers Feb. 5 – 9, 2018

Westport property transfers as reported by the Town Clerk’s office for the period Feb. 5 - 9, 2018:

David S. and Allegan Zemel to Michael E. and Christina C. Goodman, 4 Mayfair Lane, $1,625,000WNproperty.jpg

Paul and Janet Marthers to Allegra Gatti Zemel, 110-C Imperal Ave., $1,172,250

Phyllis E. Noble Estate to Eric A. and Debora R. Dipreta, 19 Easton Road, $575,000

Jack and Wiesje Vanhulst to Michael P. Whalen, 10 Burr Farms Road, $880,000

Comings & Goings: Alegre Closes on Post Road East

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Alegre, a women’s apparel store at 180 Post Road East, has closed after less than two years in Westport. The store, which opened in April 2016 next to the AT&T store, was co-owned by Sheryl and Eli Blit who operate Havana Jeans in Stamford and Rye, New York. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Comings & Goings: Boca Restaurant Closing

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Boca Restaurant & Bar, 43 Main St., will close on Saturday night according to Assistant Manager Desiree Carbone (above). The eatery, located in the space formerly occupied by Acqua Ristorante Mediterraneo for 20 years, opened in September 2016 and is owned by East Norwalk resident Revison Bonfim. Carbone, employed at Boca since last summer, said, “The rent is high, the business fluctuates from season to season, and we needed to be able to carry it through the down times. We have so many loyal customers who enjoy our casual, upscale, friendly place—the warmth of our fireplace, the night views across the river, the menu. We’re sad to close.”  (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Real Estate Report: Coleytown in Spotlight

By Judy Szablak

Special to WestportNow

Twenty percent of Westport’s single family home inventory is in the Coleytown area, and two price pockets are enjoying the bulk of sales activity.

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Featured Home: This direct waterfront custom colonial at 35 Greenlea Lane in the Coleytown area is listed at $1,399,000. (CLICK TO ENLARGE) Photo courtesy of The Riverside Realty Group- Westport

There are currently six homes under some stage of deposit, and the $1.2 -$1.4 million price pocket has enjoyed nine sales over the last year, while eight closings occurred in the $650,000-$750,000 range.

The average home for sale in Coleytown has 4,935 square feet and is listed at $1,598,361.

The highest priced home is a 7,700-square foot colonial on Cob Drive for $4.45 million, and the lowest priced home is 1,220-square foot ranch on Cavalry Road for $529,000.