Sunday, March 29, 2009

6 Ernel Dr - Sale Under $1.0mln

This well maintained and presented property on a cul-de-sac off Sound Beach Avenue Ext in Riverside sold for $750,000 Friday. This sale is a good pointer to value below the $1.0mln mark.


The property previously sold for $792,000 in June 2005. It was relisted for sale in March '08 for $850,000. The owner lowered the list price to $770,000 in Feb '09 and it went to contract shortly after.


I like Ernel Drive. Its a cul-de-sac of 7 houses and offers a low-traffic environment for residents with young children to stroll safely. The street has not been overbuilt and maintains a scale and balance that I find attractive. The 50s-era Capes sit well on their sites and from the several houses I've been in, the houses have been upgraded over the years and well maintained. It makes a difference when all houses on a street are in the same good condition.


The house itself sits on a flat 0.14acres and has a nice backyard enclosed by a decorative fence. It is not a large house, but at nearly 1,500sqft with 3bedrooms and 2 baths, it offers more than an apartment in the City or most condos in town. Plus it gets good light, has new appliances and infrastructure. It is a skip to the Post Road, I-95 and two skips to the Old Greenwich train station. Overall the property offers much.

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