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Home Buying 101 in Fairfield County

Westport, Connecticut

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Home Buying 101 in Fairfield County

Norwalk Condo Listing of the Week

Jul. 30, 2008
Categorized in: Featured Listing

OK, I'll be up front and honest, as always, this week's pick for "Norwalk Condo Listing of the Week" was not a completely objective choice - it's my listing. So, yes, I am biased in thinking that this listing deserves special attention.

Here are the details:

Objectively, here are some reasons that make this a good value for a Norwalk Condo:

  • Right now there are 16 similar condos for sale (2BR, 1.5 Baths, 1100 - 1300 sq ft) and the average list price of those properties is $334,147, so you're getting a lot for the price
  • In the under $280,000 price range, there are only 6 other 2BR condos with more than 1,000 square feet of living space and 1.5 baths
  • Common Charges are $300/month, which is competitive with other complexes
  • The current owners have made many updates including appliances & the hot water heater
  • The association replaced all of the roofs, decks, walkways and steps in 2007, so there aren't expected to be any major capital improvements that would require a special assessment or increase in common charges in the near future

With a 10% down payment, the monthly mortgage payment would be about $1,600, which is less than what you would pay to rent the same or a similar condo in town. We've already had a number of showings in the first few days on the market, so I'm optimistic that the right buyer will be coming along soon.

If this property doesn't interest you, sign up for a FREE Buyer's Account with ListingBook to view all of the properties for sale in the area and find your new home.