NEW SPRING LISTINGS

Call Denise at 966-4444 with questions or for directions.



Grand Opening
198 West Hills Rd
$1,625,000
http://www.198westhills.com/










Grand Opening
60 Parting Brook Rd
$995,000
http://www.60partingbrook.com/


1358 Ponus Ridge Rd

$1,595,000

www.riveredgenewcanaan.com







28 Brinckerhoff Ave
$1,175,000
http://www.28brinckerhoff.com/






206 Park St

$399,000

http://www.newcanaancondo.com/

A Word about Reverse Mortgages

A recent article in The New York Times has caused me to comment about tapping into your home’s equity, which for many people is their only real asset. This article addresses some very key points regarding these loans, which require much consideration and understanding on the part of any homeowner who is thinking about this option.

A reverse mortgage allows the homeowner to access wealth that is otherwise out of reach while still living in the home. While some claim that reverse mortgages have improved their lives and provided money they needed for retirement, there are many pitfalls associated with these loans.

Here are some questions to ask before taking a reverse mortgage.

Is a reverse mortgage the best option?
How long do you expect to stay in your home?
Do you want to leave your children an inheritance?
What are you going to do with the proceeds of your reverse mortgage?
What kind of payout is best? (If you do not need the money right away, you might not want to take all the money upfront, since it starts accumulating interest charges immediately.)

It is extremely important to understand the impact of these loans on your personal finances so please speak first with an independent financial advisor to consider carefully all the options before taking a reverse mortgage

New Listing Walk to Train from this Fabulous Condo Priced at only $319,000

WHY RENT WHEN YOU CAN OWN IN NEW CANAAN?

Completely renovated in 2008, this adorable 1 BR condo is located in fabulous multi million dollar area, just a block to town and train. Large new kitchen with brand new appliances, new bathroom, all new hardwood floors throughout, new tile floor in sunroom. Ceilings raised and redone, numerous carpentry upgrades, new lighting and totally repainted. Move right in and walk to town. Common charges of $243 are approx $100-$200 lower than other relevant condo complexes. Seller will pay $3000 towards buyers closing costs for contract signed by 3/24/08. Bank approved appraisal of $320,000 dated 2/15/08 is available for full review. This is a golden opportunity for the saavy buyer. Just Listed for $319,000

New Canaan Real Estate Activity March 3, 2008 thru March 9, 2008 (Single Family Residential Only)

New Listings

9 New La $749,000
198 West Hills Rd $1,625,000
17 Toquam Rd $1,695,000
1071 Oenoke Ridge Rd $1,695,000
23 Braeburn Dr $1,895,000
131 Thurton Dr $2,295,000 (relisted)
214 Talmadge Hill Rd $2,999,000
269 Dan’s Highway $3,400,000 (relisted)
252 Indian Rock Rd $4,295,000
242 Wahackme Rd $4,695,000 (relisted)
1578 Ponus Ridge Rd $5,695,000 (relisted)

Contracts Pending

85 Salem Rd $1,699,000
364 Smith Ridge Rd $2,350,000
70 Welles La $3,300,000

Homes Sold

64 Sunrise Av $525,000
600 Old Stamford Rd $600,000
15 Ponus Ridge Rd $1,872,000
124 Thayer Pond Rd $2,575,000
855 Oenoke Ridge Rd $4,650,000
99 Huckleberry Hill Rd $11,000,000