Prospect, CT

14 Pinecrest Dr, Prospect CT

MLS# N315547, Listed at $155,000

It’s the best real estate value in Prospect CT, already priced well below value. A home that will provide an instant equity to the home buyer that will provide the TLC needed.

Almost ½ acre of privacy
A 7 year old roof architectural roof
One year old hot water heater
1 year old well tank
Upgraded electrics.

This is a home that has served a family for almost 50 years and awaits the new owners. A taste of rustic retreat with wood paneled walls, which give one a feeling of cozy warmth. Yes, it has a few little items that need attention, and that’s why the price is low, so the new owner can do it their way.

Ideal for an empty nester of a downsizing couple looking to add their input.

Come take a look, realize the potential and own your own little piece of Prospect CT.

Conveniently located near pharmacy, grocery, banking, post office, even the best little ice cream parlor in the area.

14 Pinecrest Dr Prospect CT

Some Mortgage Relief for Connecticut Home Owners is Coming

There may be some relief for home-owners in Connecticut that were victims of the robo-signing scandal. A $25 Billion dollar settlement with the 5 largest mortgaging servicing banks will see almost $200 million dollars find its way into Connecticut.

The 5 banks identified in this settlement are Chase, Wells Fargo, Bank of America, Ally Bank formerly GMAC and JPMorgan Chase.

Of importance in this settlement is the reality that banks should be easier to deal and communicate with for borrowers. The frustrations of getting passed along form one bank employee to another with the

The settlement has the potential to help many Connecticut home owners who have mortgages with these banks to recover and get bank from the potential of foreclosure. It could also result in changes to mortgages including reductions in loan principal. The servicers have three years to meet the terms of the settlement.

There are an additional 9 loan servicers under scrutiny, which could bring relief for other borrowers.

As part of the settlement, banks are required to reach out to their borrowers, however, the contact numbers for these banks are as follows, for those people who do not want to wait:

Bank of America: 877-488-7814
Citigroup: 866-272-4749
JPMorgan Chase: 866-372-6901
Ally/GMAC: 800-766-4622
Wells Fargo: 800-288-3212.

The full text of the article from the Hartford Courant can be read here.

Some relief for Connecticut home owners is here, and hopefully more will follow.

Some Mortgage Relief for Connecticut Home Owners is Coming

Super Bowl Sunday Where's the Food?

Super Bowl XLVI is just hours away. A normal football game of 60 minutes, will take 3 hours to play, but Super Bowls take upwards of 4 ½ hours.

An important part of a Super Bowl is the food and this should be no exception. The list is a compilation of facts based on previous years of Super Sundays.

Take some inspiration from the following game day statistics to either follow the trends or to take the food path less traveled with healthy and gourmet game day snacks.

• Super Bowl Sunday is the second largest day of food consumption behind Thanksgiving.
• 1,200 calories: Amount the average Super Bowl watcher will consume while snacking.
• Football fans are expected to eat an estimated 69.6 million pounds of avocados during this year’s Super Bowl, mostly in guacamole.
• The most popular take-out and delivery items on Super Bowl Sunday are pizza, chicken wings, and sandwiches.
• It is estimated that Americans will eat 90 million pounds of chicken wings, which breaks down to 450 million individual wings!
• An astounding 14,500 tons of chips and 4,000 tons of popcorn are eaten on Super Bowl Sunday.
• Budweiser has been the exclusive Super Bowl beer advertiser for the past 17 years, and will continue to be until at least 2014.
• Super Bowl Sunday is the biggest winter grilling day of the year.
• Approximately 54% of Americans will consume coffee the morning following Super Bowl Sunday.
• According to 7-Eleven stores, there is a 20% increase in the sale of antacids on the day after the Super Bowl.

GO PATS !!!!!!!!

Super Bowl Sunday Where's the Food?

Groundhog Day, Feb 2, 2012, Six More Weeks of Winter

Today is Groundhog Day, the annual right of early spring when a known member of the rodent family, known as either Punxsutawney Phil, or Staten Island Chuck, or Sir Walter Wally, or General Beauregard Lee or Warton Willie and a host of others.

Punxsutawney Phil emerged to see his shadow before chilly revelers, meaning winter will last another six weeks. In other less attended areas, some of Phil’s cousins did not see their shadows.

Phil may have been a little confused by the shadows created by all of the lights for those cameras Bill Murray’s crew had set up.

German tradition holds that if a hibernating animal sees its shadow on Feb. 2 - the Christian holiday of Candlemas - winter will last another six weeks. If no shadow is seen, legend says spring will come early.

The Inner Circle of the Punxsutawney Groundhog Club annually announces Phil's forecast at dawn on Gobbler's Knob, about 65 miles northeast of Pittsburgh.

Phil's announcement came before hundreds of onlookers who huddled as temperatures hovered in the mid 30’s, which is far warmer than normal.

We’ve had an extremely mild winter so far, and just a couple of days ago set record highs with temps in the low 60’s. Our snowfall this year is only 60 inches behind the snowfall we had for 6 weeks of last winter.

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The Groundhog Club says since 1887 Phil has predicted more winter weather by seeing his shadow nearly 100 times, but there are no records for nine years. Of note, Bill Murray was nowhere to be seen today, must have overslept.

Groundhog Day, Feb 2, 2012, Six More Weeks of Winter

Prospect CT 2011 Real Estate Market Report

In 2011, 59 homes were sold in Prospect CT, with an average sale price of $270,740 and an average of 97 days on market. The homes that sold ranged from a 672 sq. ft. 2 bedroom ranch that sold for $22,000, to a 2350 sq. ft. 3 bedroom contemporary colonial that sold for $452,309.

The absorption rate for Prospect CT in 2011 was 4.92 homes sold per month. With an average of 57 homes on the market at any given time during 2011, that leaves Prospect CT with 11.58 months of inventory remaining.

2011 was a good year for the majority of buyers in Prospect, as the average SP/LP ratio was 96% and average sale prices were down 8% from 2010’s sale prices. The good news in this for sellers is that average days on market remained around 3 months, and the average sales price/list price ratios have been consistently well above 90%. Sellers, you can definitely get your Prospect CThome sold in a reasonable amount of time, if you list it at market values consistent with its condition.

Looking to relocate to Prospect CT? Visit Looking For A Reason to Move-Destination: Prospect CT

For more information about Prospect CT, you can visit the following:

Prospect CT Real Estate - Market Update - prior Prospect CT market reports

Prospect CT Schools

Fusco Field - Prospect CT

Hotchkiss Field - Prospect CT

Caplan Park - Prospect CT

Canfield Park - Prospect CT

McGrath Park - Prospect CT

Prospect CT Pumpkin Festival - July 24 2009

For more details about the Prospect CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to discussing with you Prospect CT houses for sale.

© William James Walton, Sr. Market Report data provided by CTMLS. All data is accurate but not guaranteed at time of publication.