By Judy Szablak
Special to WestportNow
According to our Multiple Listing Service, there are 42 properties that are currently on the market in Westport which include an in-law suite, or the possibility of one.
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Featured Home: This home on 38 Evergreen Ave. is listed at $1,699,000. (CLICK TO ENLARGE) Photo courtesy of William Pitt Sotheby’s Westport
The appeal is far reaching, as additional living quarters can be quite flexible, and have a multitude of uses; either for parents, young adults, in-home offices, or help.
Separate living spaces within the home are also referred to as au pair quarters and nanny suites, and are distinct possibilities in 14 percent of the homes that are available for sale.
The average list price for these properties is just over $2.2 million, and the approximate size of a home with this feature has been averaging over 5,300 square feet.
The market appears to be strong in this segment, with 11 properties under some stage of deposit, and 43 that have closed within the last year.
It should also be noted that only 11 homes currently available are being marketed as having an “apartment”.
Market Stats
There are now 299 homes that are actively on the market, which have been listed for an average of 122 days, with a cumulative market time of 197 days. The average list price is now $2,074,616 and the median price is now at $1,628,000.
A home at 114 Beachside Ave. is the highest priced property for sale at $28 million, and the lowest available priced single family is a four-bedroom home on Saugatuck Avenue for $339,000.
Twenty new listings came on the market in the last seven days, and three properties came back on the market after being under deposit, or temporarily withdrawn. Fifteen properties had a price change.
Ten properties have gone under the initial deposit stage, which we call CTS or Show, and another 17 properties went into pending status, which means that the conditions have been satisfied, and the property is scheduled to close.
The average price of those 17 pending properties was $1,520,529. There are currently 31 homes in CTS/Show status throughout Westport, and another 52 properties scheduled to close townwide, with an average price of $1,656,958.
Closings: There were 13 single family homes reported as sold in the last week, and they were listed on average at $1,377,808 with an average market time of 125 days. There were 87 status changes in the last seven days.
Condos: There are 11 condominiums that are available, and they have been listed an average of 85 days, with a cumulative market time of 145 days. Their average listing price is $628,532 and the median price is $498,999.
The highest priced condo in town is listed at $1,249,000 and is a three-bedroom home located at Terra Nova Circle, and the lowest priced unit for sale is a two-bedroom home on Bridge Street for $254,330.
There were no new listings in the last seven days, and no properties came back on the market. No homes took a deposit, and no homes entered into pending status.
There are no properties townwide that are currently in CTS/Show status, and three properties are currently scheduled to close.
One sale was reported during the last week, and was listed at $1,249,000. There were two status changes.
Rentals: If you are interested in renting year round, either furnished or unfurnished, there are 65 homes or apartments available. The median price is $5,950 per month and the average price is $6,035 per month. These year round rental opportunities have been on the market an average of 124 days.
There are 65 short-term rental opportunities that are available, and they have been on the market an average of 103 days. Their average price is $14,200 and the median price is $9,450.
Please note that seasonal rental prices are sometimes listed as an aggregate price for the season, or they can be listed as per the monthly rental cost.
Source — Market data is compiled from the SmartMLS and represents activity through our statewide MLS system. Private sales are not included in these statistics.
Featured Home
This home on 38 Evergreen Ave. is listed at $1,699,000.
This 10-room vintage colonial on 1.53 acres is known as the Von Schmidt Estate, and has quite a cultural history.
Originally built in 1927, this was once the home of the noted Saturday Evening Post illustrator Harold von Schmidt and his son Eric, a Grammy Award winner of coffeehouse/folk style music who was closely associated with Bob Dylan.
The main home was renovated in 2008 and the studio/guesthouse was renovated in 2012; both with special attention made to incorporate today’s features, alongside the charm and history of yesteryear.
The living room with original beams has an oversized brick fireplace and wideboard flooring.
The charming dining room has wainscoting.
The chef’s kitchen with Carrera marble counters features a professional-grade Viking range and the breakfast nook includes a banquette seating area.
The sunken family room is open to the kitchen and has picture frame molding and sliders out to the blue stone patio with sitting walls and overlooks the surprisingly private and scenic property with original grotto and a comforting babbling brook with foot bridge to the boccie court.
Upstairs, the romantic master suite with a private balcony and deck has a gas fireplace and luxurious marble bath with whirlpool and separate shower. Extensive closet space ensures room for all, and the sitting room also has balcony access.
Three additional en suite bedrooms are on this floor, and a recreation room is on the lower level.
The former von Schmidt studio is now a guest cottage and legal rental that includes a family room with cathedral ceilings and two-story fireplace, fully equipped kitchen, and sleeping loft.
Extras and items to note — four bedrooms, four full and one half baths, four fireplaces, main level study with wet bar, separate 929-square foot guest cottage, boccie court, grotto, two car garage plus carport, historic district.
Annual taxes are $18,219.
Listing/photo courtesy of William Pitt Sotheby’s Westport.
(Editor’s Note: Judy Szablak of Coldwell Banker Westport — Riverside, Fairfield County CT Realtor since 1984 is author of “The Art of Buying or Selling a Home,” and featured on HGTV’s real estate show, “Desperate to Buy.” Email .(JavaScript must be enabled to view this email address) or visit her online at http://www.CThomesAndRealEstate.com.
