Tag Archives: danbury ct homes for sale

West Danbury Starter homes

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A ongoing real estate trend in Danbury is that the western part of town is more expensive to purchase or rent homes compared to the rest of the city. One might say there is a so called ‘lack’ of starter homes and apartments if you are in the market for that type of real estate. As the western side of Danbury was devolved later in time compared to the Urban Core and rest of the the city limits, land supply grew close and the town made zoning pretty much 1+ acre lots. Due to the size of the lots and costs associated with construction, the neighborhoods that were developed consist of  larger homes that were were already existing, geared toward move trade up, corporate relocation clients or clients that need larger homes. The trend did continue of the years. There are some pockets of  relativity affordable single family homes where the market values are just under about $300,000 such as the Benson Drive area, Terry Drive, Ward Drive area, Old Lantern area and Saddle Rock,where raised ranch style homes are common. As far condos/townhomes go,  you can find a great unit over at Westwood Village, Kensington Woods, Briar Woods or a smaller unit at Lake Place or Rivington.If none of the options work, or there is limited inventory, you might just have to wait or look further away from New York. Danbury is only 42 square miles of land.

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As far as multifamily dwellings, there are a couple of reasons why they are not around.  Most multi family homes were original homes single families homes on smaller lots in-town that were converted into apartments when families grew and town water/sewer were added. The older homes in the west side where typically on large lots for farming.Though over the years, the land was subdivided but remain on septic and wells. Eventually, zoning rules were put into place which kept multi families basically out.
You would have to look closer to town to find them,such as the far end of Lake Avenue or off of Park Avenue. It’s just the way it is. Newer upscale apartment complexes have been built over the last few years (Crown Point, Willow Grove, Abbey Woods and Mayfair Square) if you are not committed to purchasing. Sometimes single family homes or condos offered by private owners become available to lease.

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Are you in the market for a home in the western part of Danbury? View current properties on the market, or contact me with your ‘wish list’.

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41 Skyline Drive, Danbury CT Home For Sale!

New Price
41 Skyline Drive, Danbury CT 06810

This 4 bedroom 2 full bath home offers 1624 square feet in a desirable residential neighborhood near I-84, dining and shopping. Located in the Shelter Rock area, this home should be your short list! New value added price at $229,900!
 
Built in 1954, this property has many updates for today’s homeowners. The eat in kitchen features custom cabinets, granite countertops,stainless steel appliances and a tile backsplash. Both bathrooms have been recently renovated with quality fixtures. The windows,roof, furnace, oil tank and hot water have been updated over the last few years.

There are hardwood floors in the living room and all 4 bedrooms. The large master bedroom has a walk in closet. The spacious improved lower level offers the spacious family room which has new neutral carpeting and has been freshly painted.  There is an attached garage, city water and sewer, plus a private .3 acre lot.

MLS#99015251

Jonathan Hall – (203)796-7700
| call or text me on my cell phone (203)417-0523
danburyrealestate@gmail.com
www.danburycthomes.com | www.danbury-condos.com

Jonathan Hall sells homes in the Danbury,CT Area

Often times, clients ask me how old I am because I look young. I may be young,but I have been around the block more than a few times. I know what I am doing. I have the skills and experience needed in today’s challenging market to service your real estate needs. I have handle clients acquire short sales, bank owned property,corporate relocation inventory property as well as challenging ‘regular’ sales. Sometimes even doing rentals can be just as much work as purchase or listing proposition.

I can help with with the sale of your home. I have successfully sold homes that were previously listed with other real estate agents, sold a unit in a neighborhood that hasn’t had a sale in over a year despite having listings on the market and a challenging unique property.

How do I do this? Work hard, tell the truth. Say what needs to be done to the house to make it sell. Be on top of things. Explain how the process works for every step of the way, wheter you are buying or selling.Learn as much as I can about everything. Find a way to get things done. Focus on the solution, not the problem. Just do your job and be nice to everybody!

Since I have I been able to accomplish so much, thanks to me clients, I have earned company awards. Due to my hard work and efforts, I have received testimonials and references from clients Invite me into your home, and see the difference.

Jonathan Hall – (203)796-7700 | call or text me on my cell phone (203)417-0523
danburyrealestate@gmail.com
www.danburycthomes.com | www.danbury-condos.com

Why Renting in Greater Danbury is Expensive

Renting is not a great plan if you are staying in the same area for more than 3 years.The average rent in Danbuyr is around $1500 a month. Assuming a 5% increase in rent per year, you would be out a considerable amount of money:

Year Monthly Rent Annual Rent

1 $1500 $18000

2 $1575 $18900

3 $1654 $19848

4 $1737 $20844

5 $1824 $21888

Total Rent Paid for 5 years:$99,480

The numbers even become more shocking if you are paying even more in rent.

Year Monthly Rent Annual Rent

1 $1800 $21600

2 $1890 $22680

3 $1985 $23820

4 $2084 $25008

5 $2188 $26256

Total Rent Paid for 5 Years = $119,364

In the same 5 years, if you had a $300,000 loan, lets look at your net worth.

After 5 Years (Assuming 3% increase in value per year):

Appreciation $47,625 to $347,625

Mortgage Balance ($279,163) $20,873 from $300,000

Total Net Worth $68,500

Even a 1.5% Home Appreciation Still Yields $35,000 Net Worth. Stop making your landlord rich. Call me to talk about how you can become a homeowner!

The Benefits of owning include:

Growth of equity over time: Over time, owners have opportunities to build equity and receive a great return on their investment.

Cash access: You can borrow against your equity or turn into into cash when you sell.

Tax Advantage: The interest on your loan is usually tax deductible.

Security: With a fixed rate mortgage, your payments will remain the same unlike rent.

Investment: Owners can make renovations that reflect their personal style and possibility raise the value in your home.

Why Units Sell at Westwood Village,Danbury CT

There are many reasons units always seem to sell over at Westwood Village on the west side of Danbury.

  • The community is composed of spacious well designed 1, 2 and 3 bedroom units.
  • A proactive condo board & professional management company keeps the community well maintained.
  • Great amenities including two pools, dog park and playground.
  • Prime location minutes to I-84, I-684, train stations and New York state.
  • Because of the community is set high upon a steep hill, some of the units do offer great views of the surrounding hillside and nearby lakes.
  • Westwood Village is close to shopping along Mill Plain Rd.

See what is for sale in Westwood Village in Danbury below

The difference between New York & Connecticut

There are some differences between living in Connecticut & New York. They include:

  • There is no county government in Connecticut. Everything is handled by the town or city in which you live in.
  • There is no separate school tax on top of the property taxes. They are included in the property taxes. Also in Connecticut, there is no program similar to the ‘STAR’ discount.
  • The school districts in Connecticut are typically for just the town you live in.
  • The property taxes in the Greater Danbury area are typically about 35% lower than in nearby towns in Westchester & Putnam Counties in New York.
  • Lower income taxes
  • You do have to pay taxes on cars and personal property in CT.
  • The lots for homes in the Greater Danbury area are typically larger than comparable desirable neighborhoods in Westchester.
  • There are some little things different, ranging from things such as where & when you can purchase alcohol to where license plates on cars have to be.

Why it’s great to be a first time buyer!

Here are my seven good reasons why it’s great to be a first time buyer in the Greater Danbury Market?

  • You don’t have to worry about having to sell your current home in order to buy.
  • You can still get a mortgage with a low interest rate if you have money to invest as your down payment, a steady job and a good credit score.
  • Affordablity of move in condition properties and as well several opportunities to improve ‘fixer-uppers’.
  • You have time to think about your decision.
  • With the tax benefits and low interest rates, your mortgage payments might been just slightly higher than what you are paying each month for rent and getting nothing in return.
  • There is a larger selection of homes to choose from.
  • Home sellers might be more negoiatable on the price than in years past.
  • The average price of rent in the Danbury area has gone up.

Search for your first home!