About Danbury's City Center

Photos of Downtown Danbury CT

Summertime in downtown Danbury on a sunny afternoon

Summer is here in Danbury. If you are thinking of moving up to the Danbury, it is time to get your home search going. Please contact me to help with your move. Prices are very favorable & interest rates are close to 50 year lows.

 

This 2 bedroom 1.5 bath townhome offers 1,256 square feet, 2 car tandem garage, 2 decks, master bedroom with vaulted ceiling & separate laundry room. Many high end recent improvements. Central location only minutes to Danbury Train Station, exit 8 on I-84  and easy commute to lower Fairfield county.

Additional 2 bedroom townhomes available in the East Danbury/Shelter Rock area $167,500! Please contact me for details

With the amount of short sales & foreclosures across the country & in the Greater Danbury Area, it is a good opportunity to pick up some real estate and rent out. There are several different calculators flouting around the internet & in books that have a bunch of different formulas that try to guide you in deciding if it is a good property to rent out or not. Here is a website that I found that is very helpful, because it not only talks about cash flow, but also any change to net worth. This should be not taken as tax or investment advice as you would get from your accountant, tax advisor or personal banker.

Often times, there is a belief that you will get a better deal with a short sale or a bank owned property because it is a distress situation where they need to sell. In my experience at looking at some short sales & foreclosures in the Greater Danbury area, they are priced cheaper than a regular homeowner because the properties do need a good amount of work done to make them habitable to rent out.On top of making the investment properties habitable, it can take several months to close on the short sale & foreclosure properties. You might do better off negotiating with a motivated 'regular' home seller so you can start collecting rent soon.

Properties are not selling for 50 cents on the dollar. The 'good deals' are selling close to around 97% of the listing price. There are even situations of multiple offers. I am still seeing plenty of opportunities for smart investors in the multi family market where buyers should be able to break even every month, if not come out ahead some money every month.

Visit my website & contact me to find out about these great opportunities.

City Center Danbury, CT Real Estate

The heart of Danbury. It has experienced some tough times since the opening on the Danbury Fair Mall on the west side of town in 1986, but things have turned around over recent years. There are several cultural and education opportunities with the Danbury Music Center, the Danbury Museum & Historical Society, the train museum ,the midtown campus of WCSU and the Danbury Library.

The city has invested millions of dollars in the new police station & expansions of the city hall & courthouse, as well as the upgrades at Elmwood Park. Recreation opportunities include the Danbury Ice Arena, Roger's Park as well as the War Memorial center. There are loads of small shops, restaurants & bakeries found along Main Street. In the summer & fall months, there is a farmer's market at Kennedy Park.

 

There are various real estate options in downtown Danbury. You will be typically looking at older properties on small lots.The homes along Deer Hill Avenue are regarded by many as stately and highly desirable. There are some smaller infill condominium and apartment complexes. There are several investment opportunities with multifamily homes.

 

Home Prices-Homes prices by vary dramatically in downtown Danbury. Most multifamily homes sell for about 100 times the expected monthly rent roll. Condos range from about $75,000 for a studio up to the low $300,000s  for a luxury townhome on Deer Hill Ave, with most other units selling from the high $100s to the lower $200,000s. Depending on the size & condition and most importantly specific location downtown, prices run for the mid $100s up to high $600,00s.

Interested in real estate in the City Center& Downtown Danbury, please contact me or call 203-417-0523.

This real estate information is collected from a number of sources by Jonathan Hall, Realtor & Internet Marketing Specialist with William Pitt Sotheby’s International Realty in Danbury,CT.

Visit Jonathan online: www.danburycthomes.com