new construction – time or space

New Construction in Stratford’s Paradise Green Just Listed for $469,000

November 8, 2020November 9, 2020Blog, connecticut, Homes for Sale, new construction, paradise green, Stratford, UncategorizedLeave a Comment

Just a few weeks ago we reported that 224 Wakelee Ave in Stratford’s Paradise Green neighborhood appeared to be nearing completion. On Friday, November 6 the home was finally listed on the market at a whopping $469,000.

This is significantly more expensive than the newly constructed home just down the street at 115 Arcadia Ave that sold in 2017. That home, 115 Arcadia, sold in October 2017 at $405,000. It featured 4 bedrooms, 2.5 bathrooms and 2,284 square feet of space.

Today, 224 Wakelee Ave features 3 bedrooms, 2.5 bathrooms and 1,900 square feet of space. It appears that 115 Arcadia was a good buy back in 2017 after all. To be fair, you can’t really compare the housing market of 2017 to that of 2020 – things have changed so much for Stratford in those three years.

The housing market in Stratford has changed dramatically since 2017, and most of that demand growth came in 2020 with the COVID-19 Pandemic as New Yorkers flee to the suburbs. There is little new construction in Paradise Green today, though there may be one or two homes available nearby on Cutspring Road. However, Wakelee Ave is a much better location, just down the road from Wilcoxson Elementary and walkable to all that Paradise Green has to offer.

A new driveway was just added to this completed construction and the home looks great. We expect that it will sell fast, just like everything else in this neighborhood in the Fall of 2020. Zillow predicts the home price index for 06614 to rise about 9% in 2021; experts say the demand for suburban homes in this area will continue to grow through 2021 with no signs of slowing down any time soon.

New Driveway Completed on Stratford’s Wakelee Avenue

What do you think this one will sell for? We will throw in a prediction of $449,000. Check back in a few months to see what the sale price was!

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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.

New Construction at 224 Wakelee Ave Stratford, Connecticut

October 27, 2020October 27, 2020Blog, connecticut, new construction, paradise green, Stratford, Uncategorized1 Comment

The home at 244 Wakelee Ave in Stratford is a very nice Cape Cod originally built in 1949. It was in a very rundown state as of September 2017, when it was sold to a developer who completely renovated the home. The vacant lot at 224 Wakelee ave (to the left of the home) appears to have also been a part of the sale of number 244. The total deal value was $256,750 for both pieces of property. The renovated home at 244 Wakelee Ave was sold in January 2018 for $344,500 according to public record.

Site of Former Vacant Lot at 224 Wakelee Ave in Stratford, Connecticut

Several years later, it appears that the once vacant and overgrown lot is finally being put to work. To see what the vacant lot originally looked like on Google Street View, click here. A brand new home (pictured above) has been newly constructed on the property at 224 Wakelee Ave and looks to be a real show stopper. The construction team did an incredible job, and we can’t wait to see the finished product soon.

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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.

New Construction Completed on Lordship’s Margherita Lawn

October 21, 2020October 23, 2020Blog, connecticut, Lordship, new constructionLeave a Comment

Remember last week’s post about the rare double lots in Stratford, Connecticut? Well, it looks like another one has bitten the dust with the completion of a new subdivision. The owner at 98 Margherita Lawn has subdivided the property and sold it off for a new house to be constructed next door – or so we think. Based on town records, this empty lot next to 98 Margherita Lawn was last sold in 2004 for $74,166. It was just recently sold to a property developer in February 2019 for $130,000.

The owner of 98 Margherita Lawn appears to have also sold their house on August 20 of this year 2020 for $480,000. That home was last purchased in 2004 for $74,166. With the home sale and lot sale combined, that is not a bad payday! With home prices in Stratford getting frothy again, it looks like the property owner made a great choice cashing in and moving on. Then again, they will no longer live in this great community a short walk to the beach.

Taxes on the home in 2004 are listed as being $4,669. In 2020, property taxes have swelled to an incredible $11,771. That represents a 152% increase in property taxes in that period; meanwhile median wage growth has averaged only 3% growth per year. To see actual wage growth rate charts click here. Town governments can make it hard to hold onto a good thing.

So, what was constructed on this lot that sold for $130,000? A beautiful new cape style home with three dormer windows has just reached completion, and looks like it will be 100% complete very soon. With new construction there is no need to worry about home repair for a long time, which is a huge plus. We’ll keep you updated when the listing goes live.

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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.

New Waterfront Home Construction in Lordship, Stratford

October 19, 2020October 23, 2020Blog, connecticut, Lordship, new constructionLeave a Comment

On the corner of Margherita Lawn and Park Boulevard are a group of newly constructed homes and one currently under construction as of October 2020. This corner of Lordship used to be home to a beautiful, large white historic home at 180 Park Boulevard, which appears to have been torn down in 2017. A demolition permit to demolish was issued in February 2017. If you look at Google Street View images from November 2015, the home is still standing. While the year the original home was built is not listed, I will update this post if it can be found.

New Home under Construction October 2020

In this demolished home’s place are three building lots, and the new homes going up are first class. While it is a shame any time a historic home is torn down, the modern homes built in it’s place are beautiful and make the best use of the location in today’s Lordship. Millions of dollars in development and the new property taxes that come along with them are good for the town of Stratford. These new homes enjoy what is arguably one of the finest sights in all of town, an unobstructed view overlooking the bluff at Russian Beach.

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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.

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