One of the most beautiful and sought-after streets to live on in Stratford, Connecticut is Plymouth Street. This street is located in the Paradise Green neighborhood right behind the bustle of Main Street’s shops and restaurants. It’s a one minute walk to Brewster’s Pond and a few minutes further on foot to Longbrook Park.
Homes in this area are very well kept and neatly manicured with quintessential Fairfield county suburban charm. Homes do not come up for sale too often in this section of town, but a handful do sell each year. Here’s one that just hit the market for the super hot Spring 2021 real estate market in Stratford.
219 Plymouth Street on the market for $289,900 in Paradise Green
This beautifully kept home was just listed on March 10, 2021. It last sold for $148,000 in 1990. It is remarkable to live in one place for 31 years, and with a location like this, we understand the long-term ownership. This two bedroom, one and a half bathroom home boasts a spacious 1,353 square feet of living space and was constructed in 1929.
This pre-war home has seen property taxes lowered from 2019 to 2020; taxes were reduced from $6,497 to $5,713. With such a large drop in property taxes, we suspect the owner most likely appealed the assessment in order to see that large drop; however, a town-wide tax re-evaluation took place in 2020.
I predict that this home will sell for over-asking price, which is very common in the 2020-2021 housing market in Stratford’s Paradise Green. The seller is most likely waiting for offers to come in over this weekend, and may have a highest and best offer scenario. Typically, a home is listed during a weekday, offers then roll in during the week and weekend. To get the best offer possible, the seller’s agent will request all buyers to submit their “highest and best offer on Monday by 12PM”. This situation is very typical and buyers should be prepared for this scenario. It is common for homes to be on the market for less than a week before going contingent.
With the excellent condition of this home, prime location, and very competitive market for smaller affordable homes, I am predicting this home will sell for around $309,000. It does seem underpriced at $289,900 but it may prove to be a better strategy to slightly underprice a home which sparks lots of interest versus being overpriced on the market.
To get notified when we post new homes for sale, subscribe to our email club here.
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.
Financial Freedom with Real Estate Investing