Real Estate

New Canaan property transfers, plans for tear-downs and new construction, building permit applications, open houses and new homes on the market.

Recent Articles

ZBA Green Lights Small Addition in Harrison Avenue Development

The Zoning Board of Appeals at its most recent meeting granted a variance allowing Don Corbo of Darien to build a small addition at 138 Harrison Ave.—one of six units in the development, consisting of three two-family homes near Main Street. Corbo, managing partner of Harrison Avenue Development, told members of the ZBA at their Oct. 2 meeting that he is converting the homes—purchased this summer for $4.2 million— from rentals to condominiums, and thus is seeking to renovate and update them. “This particular unit is the smallest and least attractive of the units,” he said during the meeting, held at Town Hall. “Right now it has only one room on the first floor which serves as a living room, dining room and kitchen.”

The plan, he said, is to build a small addition that will allow for a separate kitchen area on the ground floor and a master bedroom on the second floor. Continue Reading →

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New Canaan Single-Family Home Sales Up 79 Percent in September; Median Price Down 14 Percent

Single-family homes in town saw a 79 percent year-over-year increase in September—from 14 to 25—though the median price of those houses dropped by 14 percent in the same period, according to new data from the New Canaan Board of Realtors. Joe Scozzafava, the organization’s president, called the increase in single-family home sales “significant” and said that 25 closings “is a very good sign for sellers.”

“Unfortunately the median price point continues to decline and this more realistic view of market value is what is contributing to increase in unit sales,” he said. “Inventory is also down slightly from last year but remains at a fairly normal 298.”

The median sales price declined from $1,860,000 to $1.6 million year-over-year, according to the statistics, taken from the New Canaan MLS. Here’s a snapshot of the single-family home data from last month:

 

The number of condos on the market for September increased 29 percent year-over-year, from 41 to 53, while the total number of units declined from eight to three, and the median sales price came down 51 percent. “The condominium market is not performing as well as [single-family homes],” Scozzafava said. Continue Reading →

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Plan to Build Two-Family Home on East Avenue Stalls at ZBA

An application for a variance that would allow a two-family residence on East Avenue to replace a 1900-built single family home there was continued Monday night after town officials expressed concerns over the proposed driveway and pedestrian access way included in the project. On its face, property owner William Panella’s request for a variance for 72 East Ave. is straightforward: The applicant is requesting relief from the residential Zone B requirement for a minimum 100 feet of street frontage, as the property only allows for about 93 feet of frontage, and to allow the driveway from East Avenue to connect with another driveway and parking lot for an adjacent commercial property on Vitti Street. Panella plans to tear down the existing 1,400-square-foot home, where his late mother Mary had lived, as well as the detached garage in the rear and construct a new, residential style, two-family dwelling measuring about 4,000 square feet. Before the Zoning Board of Appeals on Monday, attorney David Rucci of Lampert Williams & Toohey LLC explained that he is, in fact, representing two clients on the project, William Panella, son of the late Mary Panella, whose property is the subject of the application, and Panella’s development partner, Art Collins, who is developing an adjacent property on Vitti Street, directly behind the property on East Avenue and in the town’s Business B zone (see map below). Continue Reading →

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