News

New Homes Planned for West Road, Hillside Avenue

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The New Canaan Building Department on Sept. 22 received two applications to construct new homes. 

A 5,249-square-foot home is planned for a 3.19-acre parcel in the two-acre zone at 279 West Road. It will include five bedrooms, five full bathrooms and two half-baths, according to the application. 

The contractor on the job is Westport-based Domus Constructors LLC, the  architect Norwalk-based Michael Smith Architects, the application said. The home will cost about $1.767,092 to build, it said. Sold for $1,375,000 in 2013, the property includes a 1959-built Colonial, tax records show.

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2007-Built Ferris Hill Road Home Sells for $3.5 Million 

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The following property transfers were recorded recently in the Town Clerk’s office. For more information about each property from the assessor, click on the street address. To get the history of a New Canaan street name, click here. ***

Sept. 4

15 Old Stamford Road Unit B

$949,000
Charles Goodyear III to John Cavanaugh Family Trust 

102 Valley Road

$1.7 million
Scott Hazard to Valley View I LLC

33 Ferris Hill Road 

$3.5 million
Julie Holliday to Gerald Reid

Sept.

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2007-Built Father Peters Lane Home Sells for $3.6 Million

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The following property transfers were recorded recently in the Town Clerk’s office. For more information about each property from the assessor, click on the street address. To get the history of a New Canaan street name, click here. ***

Aug. 28

1 Father Peters Lane

$3.6 million
Beach Road LLC to GEMCAP LLC (128 Eagle St., Brooklyn)

143 Talmadge Hill Road

$1.3 million
Steven Isherwood to Min-Jong Kang

963 Oenoke Ridge

$1.4 million
Sheila McMann to Kathleen Quinn

102 Main St.

News

Hot Real Estate Market Drives Higher-Than-Expected Revenue for Town Through Conveyance Fees

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The strong local real estate market is driving higher-than-budgeted revenues in one area at Town Hall, officials said Tuesday. The high number of property transfers in New Canaan is translating into conveyance fees for the municipality, town CFO Lunda Asmani told members of the Board of Selectmen during their regular meeting. Through the first two months of this fiscal year (July and August), conveyance fees collected stand at $524,000 compared to $330,000 for the same period last year and $200,000 for 2018, Asmani said. “So it’s almost double what we have seen historically,” he said during the meeting, held via videoconference. 

The comments come as real estate professionals report historically low inventory in New Canaan, and an August where the number of single-family homes more than doubled from the year-ago month. Many have attributed the rise in home sales to young New York City families seeking top public schools and less congestion amid the COVID-19 pandemic.