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        <title>Seaport Advisory</title>
        <link>https://www.seaportre.com/blog/tags/stonington/</link>
        <description>Data-driven real estate insights, valuation, and strategy across Southeastern CT and Southern RI. Research-backed guidance for buyers, sellers, and investors.</description>
<item>
    <guid>https://www.seaportre.com/blog/why-stonington-ct-should-be-your-next-move.html</guid>
    <link>https://www.seaportre.com/blog/why-stonington-ct-should-be-your-next-move.html</link>
        <author>tbray@seaportre.com (Tim Bray)</author>
        <title>Why Stonington, CT should be your next move</title>
    <description> <![CDATA[ 



Located in the southeastern part of Connecticut, Stonington is a charming coastal town that has gained a reputation as a desirable place to relocate for both work and play. With its picturesque setting, quaint village center, and a range of outdoor recreational activities, it's no wonder that more and more people are flocking to this small town in search of a slower, more fulfilling lifestyle.


Here are just a few of the reasons why Stonington, CT, is such a great place to live:


Natural Beauty


Nestled along the shores of the Long Island Sound, Stonington is surrounded by natural beauty. The town features a variety of parks and nature preserves, including Barn Island Wildlife Management Area, Napatree Point Conservation Area, and DuBois Beach, which offer opportunities for hiking, biking, fishing, and swimming.


Moreover, Stonington's waterfront location makes it an ideal spot for boating, sailing, and kayaking. The town's harbor is a busy hub of maritime activity, with several marinas and boatyards catering to boaters of all stripes. With its scenic vistas and abundant natural resources, Stonington is a nature lover's paradise.


Small-Town Charm


In addition to its natural beauty, Stonington also boasts a charming village center called Stonington Borough that is brimming with historic homes, quaint shops, and locally-owned restaurants. The town's Main Street is lined with 18th and 19th-century buildings, many of which have been carefully restored to preserve their original character.


Stonington Borough is also home to a variety of community events and festivals throughout the year, including the Stonington Village Fair and the Stonington Harbor Yacht Club Regatta. These events bring the community together and help foster a strong sense of camaraderie and belonging among residents.


Economic Opportunities


Despite its small size, Stonington offers a wealth of economic opportunities for residents. The town has a thriving tourism industry, with visitors flocking to the area to enjoy the town's natural beauty and cultural attractions. Additionally, Stonington is home to several major employers, including Electric Boat, a subsidiary of General Dynamics, and the Pfizer Global Research and Development facility.


Moreover, Stonington's proximity to New York City and Boston makes it an ideal location for commuting professionals who want to enjoy the benefits of small-town living while still working in a major metropolitan area.


Overall, Stonington, CT is a great place to live for anyone who values natural beauty, small-town charm, and economic opportunity. Whether you're looking to start a family, start a business, or simply enjoy a more fulfilling lifestyle, Stonington has something to offer for everyone.


All available homes for sale can be found here. (Updated hourly)
 ]]> </description>
    <pubDate>Mon, 20 Feb 2023 10:23:00 -0500</pubDate>
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    <guid>https://www.seaportre.com/blog/accessory-dwelling-units-adus.html</guid>
    <link>https://www.seaportre.com/blog/accessory-dwelling-units-adus.html</link>
        <author>tbray@seaportre.com (Tim Bray)</author>
        <title>Accessory Dwelling Units (ADUs) </title>
    <description> <![CDATA[ 




Accessory Dwelling Units (ADUs), also known as accessory apartments, in-law apartments, or granny flats, are small, self-contained residential units that are located on the same lot as an existing single-family home. In Connecticut, ADUs are allowed in some towns and cities, but not all.


ADUs are designed to provide affordable housing options for families or individuals who want to live close to their loved ones or generate additional rental income. These units can be attached to the main house or detached and can be used for a variety of purposes, such as rental income, multigenerational housing, or additional space for a home-based business.


In Connecticut, the state legislature passed a law in 2021 that requires all towns and cities to allow ADUs by right or by special permit. This means that homeowners can build an ADU without having to go through a lengthy and expensive zoning process.


To build an ADU in Connecticut, homeowners must comply with certain regulations and guidelines, including:




The unit must be no larger than 30 of the existing home or 1,000 square feet, whichever is less


The unit must have its own entrance, kitchen, and bathroom


The homeowner must live on the property


The property must have sufficient parking spaces




In addition, some towns and cities may have their own regulations regarding ADUs, so it is important to check with the local zoning department before starting any construction.


Overall, ADUs can be a great option for homeowners who want to increase the value of their property, generate additional rental income, or provide housing for their loved ones. However, it is important to do thorough research and comply with all regulations before building an ADU in Connecticut.
 ]]> </description>
    <pubDate>Thu, 16 Feb 2023 04:41:00 -0500</pubDate>
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    <guid>https://www.seaportre.com/blog/recently-sold.html</guid>
    <link>https://www.seaportre.com/blog/recently-sold.html</link>
        <author>Jon@seaportre.com (Jon Nelson)</author>
        <title>17 Hancox St Multi-family in Stonington Borough Recently SOLD</title>
    <description> <![CDATA[ 
17 HANCOX ST – STONINGTON, CT





Located within the Stonington Borough, this 15-unit apartment building boasts of long-term full occupancy attributed to its shoreline village atmosphere with direct proximity to local shops, restaurants, and recreational attractions within walking distance. 


The property was placed under contract after being on the market for less than a week. With multiple offers submitted, a full price bid was secured and fortified with backup offers as well as further inquiries accrued over the span of the contract period until the date of closing.


Demand for multi-family properties (4 units or more), appears to have spiked over time, fueling speculation that this very demand could be linked to the affordability of home prices for first-time homebuyers ‘within targeted zip codes.’ The reason being that at current market levels, the more financially feasible alternative is to exercise the rental option until a housing correction is triggered once again.  Another catalyst for price appreciation for starter homes within specific locales is the extreme demand for “turn-key” homes that are “move-in ready”. Fewer first-time homebuyers are exploring the 203-k mortgage option that builds the cost of improvements into their monthly mortgage payment. As a result, investors and “flippers” reap the benefits of these rehab opportunities that provide them lucrative returns and quick turnaround timeframes, attracting willing buyers compliant with paying premium prices that may not be financially advisable. This irrational exuberance of markets reflected in consumer behavior further inflates home prices that inevitably reach unsustainable levels. This repetitive real estate “cycle” has existed for decades and continues to provide a boom &amp; bust scenario. The span of these cycles is seldom the same and likely being lengthened by the differing spending habits of millennials and younger generations exhibiting waning interest in homeownership. Nevertheless, they still require housing that suits their individual needs. Hence, the augmented demand for rental housing that is accelerated by a two-fold combination of affordability, compounded by the changing preferences of the younger generation evidenced by peaking, (sometimes unexplainable) prices currently being paid for multi-family properties at this time…


 


 
 ]]> </description>
    <pubDate>Thu, 05 Dec 2019 09:20:00 -0500</pubDate>
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    <guid>https://www.seaportre.com/blog/the-time-to-buy-right-is-now-in-stonington.html</guid>
    <link>https://www.seaportre.com/blog/the-time-to-buy-right-is-now-in-stonington.html</link>
        <author>tbray@seaportre.com (Tim Bray)</author>
        <title>The time to buy RIGHT is NOW in Stonington</title>
    <description> <![CDATA[ 
Are you planning to purchase a home in Stonington in the next 6 months?  Did you know that there are currently 35 properties on the market in Stonington between $200,000-$300,000? 


What if you could have inside information on the pricing for these 35 properties ?  How helpful would it be to know which of these 35 homes are priced well below their current market value? Don’t you think having access to this kind of information would help you to make the right decision about which properties to consider buying?  


I have developed a system that can give you access to just this type of insider information and, in the process, save you thousands of dollars by showing you which properties to avoid …the ones that can’t sell because they are overpriced. 


For example, based upon my analysis of the 35 houses on the market in Stonington , 12 appear to be underpriced.  5 of the 12 could be underpriced by more than 10. 3 of those 5 properties may be underpriced by more than 25, and one of the 3 properties appears to be underpriced by 35 or $158,436.  More importantly, 17 properties (49 of the inventory) are not worth looking at because they are grossly overpriced and can’t sell for one reason or another. 


Why waste your time looking at properties that are not priced to sell? Our system will give you a competitive advantage over all the other buyers in the marketplace, because you’ll be able to concentrate your search on the properties with “hidden value” in their prices, and that alone will save you time, energy and money.


This is not something new…I have been using my system for months and have many satisfied clients who have used my system to buy houses with hidden value in them. 


Here is what some of our recent clients are saying about our Home Buying Process.


 “The daunting task of searching the inventory of potential homes is scary in itself. Then comes the stress involved with knowing if the &quot;perfect&quot; home is reasonably priced. You find yourself asking, “I love this home, but are we about to overpay to get what we want?&quot; The system introduced by Seaport Real Estate Group will likely help to ease this stressful situation that often faces many buyers. This system provides a tremendously efficient solution to sifting through the inventory of homes and finding those which you not only love, but that are reasonably priced. There is no longer valuable time wasted viewing properties, which have no chance of selling due to their aggressive sales price. This system is likely to help several home-buyers in the near future, just as it did us.&quot;


-Myles and Megan Horst


Amanda and I would like to thank Tim for his outstanding dedication in helping us find our home. Tim's new program made the search for a home more efficient by streamlining the search results based on our preferences as well as price. This new program, developed by Tim, helped to quickly and accurately determine how well a property was priced based on numerous factors, which saved us a great deal of time and allowed us to act promptly on well-priced properties. Being first time home buyers can be an arduous process but Tim, along with the use of his new program, has made it much easier. 


- Nick and Amanda Ward

 

 
  ]]> </description>
    <pubDate>Sat, 31 Mar 2012 05:52:00 -0400</pubDate>
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