Home Sold for $11,100 Over Asking Price in Paradise Green

One of the best streets in the Paradise Green neighborhood of Stratford, Connecticut is Reed Street. This beautiful tree-lined street with sidewalks is unique in that part of the street has mature forest land behind the odd numbered homes. While most homes in Stratford are surround by neighboring property on all four sides, a section of Reed Street has no neighbors directly behind the homes because of a wooded area offering greater privacy. This wooded area is also known for a variety of wildlife such as wild turkey, turtles, deer and white egret birds. Any additional privacy is a highly sought after resource in these quiet suburbs.

Recently, a home in this area located at 51 Reed Street sold on October 8, 2020 for $376,000 according to public records. The listing price was $364,900 which means that it has sold for $11,100 over the asking price. While we don’t know what other factors went into the deal such as agreed upon repairs or closing cost assistance, we do know it sold over the asking price by looking at public record. We do know that the bidding wars leading to highest and best offer scenarios are pushing up prices quite a bit for Paradise Green homes as of late; that may be the case here, too. Like we recently reported, it’s no secret that housing is extremely hot in this neighborhood.

This 4 bedroom 2 bathroom Cape was built in 1940 and has 1,916 square feet of living space on a 6,098 square foot lot. Before it was listed for sale, it appears that significant investment was made into it with new siding, possibly new windows, what looks like a new roof and a newly paved driveway. Additional upgrades and renovations were likely performed on the interior as well. Overall this is a really beautiful home on a quiet street.

Comparably sized renovated Capes not far from here in Fairfield, Connecticut can be found at around $500,000. So once again, Stratford is providing some good value here. However, the public school system in Fairfield features a higher rated Elementary, Middle and High School compared to Stratford, according to Great Schools rating system. The balance between space, affordability and school system quality is certainly a difficult decision to make when home shopping in Fairfield County Connecticut towns.

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Information posted is merely the opinion of Time or Space for entertainment purposes only. All information published can be found in Town Records which is made available to the Public.

Suggested Reading:

City Farmhouse Style

Ultimate Guide to Home Repair

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