Bethel, CT Real Estate News

By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Bethel, Connecticut Real Estate Update November, 2008 Closed home sales in Bethel, Connecticut: Single Family Homes:There were 6 home sales closed in Bethel, CT.The median closed sales price in Bethel was $371,500.On average, these homes sold for 95.4% of their final list price.Marketing time averaged 240 days on market.This compares with 7 closed sales in November, 2007, with a median sales price of $445,000. Condos:There were 2 condominium sales closed in Brookfield, CT.The median sales price was $197,500.These units sold for 97.7% of the most recent list price.This compares to 7 closed sales in November, 2007 with a median sales price of $265,000.   Currently available homes for sale in Bethel, Connecticut: Single Family Homes:Currently, there are 98 homes for sale in Bethel, CT.List...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Bethel, Connecticut Real Estate Update October, 2008 Closed home sales in Bethel, Connecticut: There were 6 home sales closed in Bethel, CT.The average closed sales price in Bethel was $353,000.The median closed sales price in Bethel was $332,500. On average, these homes sold for 94.4% of their final list price. Marketing time averaged 228 days on market.This compares with 5 closed sales in October, 2007, with an average sales price of $436,700 and a median sales price of $400,000. Currently available homes for sale in Bethel, Connecticut: Currently, there are 115 homes for sale in Bethel, CT.List Prices range from $109,900 for a bank-owned fixer property to $998,900 for a Georgian-style colonial. Bethel, Connecticut is a quaint New England town with a wonderful pedestrian-friendly down...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Bethel, Connecticut Real Estate Update September, 2008 Closed home sales in Bethel, Connecticut: There were 9 home sales closed in Bethel, CT.List Prices ranged from $262,900 - $850,000.Closed Sales Prices ranged from $245,000 - $815,000. The average closed sales price in Bethel was $450,000.The median closed sales price in Bethel was $435,000. On average, these homes sold for 95.4% of their final list price. Marketing time ranged from 42 - 929 days on market. The average was 234 days on market.This compares with 8 closed sales in September, 2007, with an average sales price of $430,987 and a median sales price of $442,450. Currently available homes for sale in Bethel, Connecticut: Currently, there are 118 homes for sale in Bethel, CT.List Prices range from $129,900 for a bank-owned fix...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Bethel, Connecticut Real Estate Update August, 2008 Closed home sales in Bethel, Connecticut: There were 19 home sales closed in Bethel, CT.List Prices ranged from $199,900 - $998,000.Closed Sales Prices ranged from $206,000 - $885,000. The average closed sales price in Bethel was $412,757.The median closed sales price in Bethel was $400,000. On average, these homes sold for 94.1% of their final list price. Marketing time ranged from 37 - 817 days on market. The average was 198 days on market.This compares with 13 closed sales in August, 2007, with an average sales price of $388,292 and a median sales price of $379,000. Currently available homes for sale in Bethel, Connecticut: Currently, there are 115 homes for sale in Bethel, CT.List Prices range from $139,900 for a bank-owned fixer p...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Bethel, Connecticut Real Estate Update July, 2008 Closed home sales in Bethel, Connecticut: There were 12 home sales closed in Bethel, CT.List Prices ranged from $334,900 - $1,199,000.Closed Sales Prices ranged from $320,000 - $1,100,000. On average, these homes sold for 95.5% of their final list price. Marketing time ranged from 30 - 761 days on market.  The average was 236 days on market.This compares with 20 closed sales in July, 2007, with an average sales price of $396,915 and a median sales price of $395,000. Currently available homes for sale in Bethel, Connecticut: Currently, there are 115 homes for sale in Bethel, CT.List Prices range from $149,900 for a bank-owned fixer property to $1,150,000 for a newer colonial. Bethel, Connecticut is a quaint New England town with a wonderf...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Bethel, Connecticut Real Estate Update June, 2008 Closed home sales in Bethel, Connecticut: There were 13 home sales closed in Bethel, CT.List Prices ranged from $264,900 - $389,900.Closed Sales Prices ranged from $245,000 - $380,000. On average, these homes sold for 94.8% of their final list price. Marketing time ranged from 35 - 635 days on market.  The average was 238 days on market.This compares with 13 closed sales in June, 2007, with an average sales price of $426,915 and a median sales price of $386,000. Currently available homes for sale in Bethel, Connecticut: Currently, there are 116 homes for sale in Bethel, CT.List Prices range from $229,900 for a bank-owned fixer property to $1,150,000 for a newer colonial. Bethel, Connecticut is a quaint New England town with a wonderful p...
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By Ahmad Nazri Nordn
(myspark2u.com)
Homeowners often lock into an adjustable rate mortgage and find that the interest rate increased and their monthly payments were adjusted to reflect the higher rate. Often they decide to refinance their ARM mortgage with a fixed rate mortgage rate loan, because the payments will stay the same over the term of the loan. It isn’t always easy to qualify for a fixed rate mortgage rate loan; especially if the borrower is presumed a risk due to poor credit or other financial issues.Before you try to qualify for a fixed rate mortgage rate loan it is a good idea to pay off any credit cards that might be taking money away from your monthly budget. Always check with the credit bureaus and get a copy of your credit history. If there are any errors on your credit report, you must address them right...
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Located at 282 Greenwood Ave. in Bethel, Connecticut is The Sycamore Restaurant. A unique eating experience where summer Saturday evenings is the time to drive up in your Cherry Coupe or Pickup Truck. Hamburgers at the Sycamore Drive-In are made “French style.” That means that the grill man slaps a thick round circle of beef onto the grill then uses his spatula to flatten it out so far that the edges of the resulting circle are nearly paper thin. As the burger cooks, the middle gets nice and juicy while the circumference turns into a crusty web of beef. You can get it plain, doubled, or topped with all sorts of ingredients but the connoisseur’s choice here is the Dagwood burger. That’s a nice five-ounce patty with cheese and nearly every garnish known to mankind piled into a bun. Beyon...
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By Jonathan Hall, Realtor - Danbury,CT Area Real Estate~203-417-0523
(William Pitt Sotheby's International Realty)
In case you missed it, the New York Times ran a feature article about living in Bethel about a week ago. The article not only talks about the town but also the real estate market, which was about the same in 2007 as it was in 2006. Feel free to take a look at it here: http://www.nytimes.com/2008/02/17/realestate/17livi.html?vendor=GABRIELS&partner=GABRIELS&ex=1203915600&en=1d1dc63de6dfbed5&ei=5103 There are currently 93 single family homes for sale in Bethel (per CMLS 2/23/08). The average asking price is $469,560 and has been on the market for 89 days. Currently, there are also 27 condos or townhomes for sale in Bethel. The average asking price is $311,370 with a market time of 75 days. Neighborhoods in Bethel include Chimney Heights, Codfish Hill, Plumtrees Heights, Timber Oaks, King...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Bethel, Connecticut, has proposed a $58.7 Million budget for the 2007-2008 fiscal year.  This includes $35.8 Million for the schools and $22.9 Million for the town. This represents an approximate 3.6% increase to the mill (tax) rate.  Currently, Bethel's mill rate is 27.75, and this proposed budget would increase the mill rate to around 28.75.  A home with an assessed value of $200,000 would see a $200 increase in its property taxes. The proposal calls for one additional police officer, one additional building maintenance employee, and one new part0time position to work for both the assessor's office and the tax collector's office. This budget now goes to the Board of Finance for their approval.  A town meeting will be held in late March for residents to voice their opinions.  The budge...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
The Bethel, Connecticut property revaluation is currently taking place, as per state law that requires towns to revaluate all property every five years. Tyler Technologies/CLT has been hired to perform the revaluation of all 6,900+ parcels of real estate in Bethel.  Commercial property inspections have already begun, and residential inspections will begin this week.  It is expected that the revaluation will be completed by the end of May, 2007, but the inspectors must visit every home and business in town before completion in order to determine its current market value. Information about the current revaluation, including a Q&A, can be found on the Town of Bethel, CT website. In Connecticut, property taxes are based on an assessed value of 70% of what the revaluation process determines ...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Bethel, Connecticut senior citizens can receive discounts on their real estate property taxes, but they must apply by May 15, 2007, to be eligible for the tax relief for the July 1, 2007 - June 30, 2008 property tax year.  Certain income requirements must be met in order to qualify. Property tax discounts for seniors range from 10% - 75%, depending on income, as detailed in the chart below: INCOME                     TAX CREDIT$0 - $14,400              75%$14,401 - $19,400      60%$19,401 - $24,200      45%$24,201 - $28,800      30%$28,801 - $35,300      15%$35,301 - $42,800      10% Eligible seniors must apply through the through the town's tax collector's office between February 1 and May 15, 2007. The town of Bethel is also considering a plan that would freeze the real estate propert...
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