Groton Real Estate Market Report for August 2019 from Bridget Morrissey

Groton Real Estate Market Report for July 2019 fron Groton Realtor Bridget Morrissey

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Groton Interactive Real Estate Market Report

Groton Real Estate Market Activity Summary for the month of May 2019

The Groton Real Estate Market Activity Summary for the month of May 2019 is brought to you by Groton Realtor Bridget Morrissey. It shows that there were 43 Groton homes sold and 36 are pending. There were 157 active homes for sale in Groton in May. Eighteen units were sold in 0-30 days, eleven in 31-60 days, four in 61-90 days, five in 91-120 days, one in 121-180 days, none in 181-365 days and four took over a year to sell. For the entire Groton Real Estate Market Report from Groton Real Estate Agent Bridget Morrissey please click HERE.

Bridget Morrissey is an award winning Realtor serving southeastern Connecticut and southern Rhode Island.

Always on the move, and so are her clients!

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May 2019 Groton Real Estate Market Report

Groton Realtor Bridget Morrissey presents the Groton Real Estate Market Activity Summary for the month of April 2019. It shows that there were 21 Groton homes sold and 17 are pending. There were 163 active homes for sale in Groton in April. Eleven units were sold in 0-30 days, five in 31-60 days, one in 61-90 days, none in 91-120 days, none in 121-180 days, one in 181-365 days and three took over a year to sell. For the entire Groton Real Estate Market Report from Groton Real Estate Agent Bridget Morrissey please click HERE.

Groton Open House Saturday April 6, 2019 from 10:30-12:00 at 47 Hillside Road.

Groton Open House Saturday April 6, 2019 from 10:30-12:00 at 47 Hillside Road.


If you like privacy and a good location this is the property for you! Located on a dead end street, there is plenty of privacy. Seasonal views of the Thames River. 2 bedroom cape with a sunroom that allows plenty of sunshine and light into the house. The floors on the first level have new flooring within the last year. The upstairs space is a nice addition to the house. Allows for extra privacy from the rest of the house. Plenty of parking for 4 or more vehicles. Detached garage and an additional shed. Spacious basement allows for plenty of storage. Shopping, Sub Base, EB, Pfizer, Restaurants, schools and recreation are all nearby.

Groton Real Estate Market Activity Summary for the month of March 2019

Groton Realtor Bridget Morrissey presents the Groton Real Estate Market Activity Summary for the month of March 2019.  It shows that there were 26 Groton homes sold and 22 are pending. There were 163 active homes for sale in Groton in March.  Ten units were sold in 0-30 days, five in 31-60 days, five in 61-90 days, four in 91-120 days, one in 121-180 days, none in 181-365 days and one took over a year to sell. For the entire Groton Real Estate Market Report from Groton Real Estate Agent Bridget Morrissey please click the link below.

Homeowners Associations

For everyone out there looking at homes right now, there are three little letters that could make or break your purchase decision. They are “H,” “O” and “A.” Three of the most frightening letters of the alphabet, imposed over the largest purchase you’ll ever make — it’s a recipe for high anxiety.

But not every Homeowners Association is the nightmare that many home buyers imagine. As long as you do your homework and know exactly what you’re getting into, your HOA may be the best decision you ever made.
Homeowners Associations, Maintenance and Uniformity

HOAs are often part of life for condo, townhouse and some single family homeowners. They’re not all good and they’re not all bad. Their purpose in this modern world is to maintain a sort of uniformity and authority that can not only help neighbors deal with disputes, but help the neighborhood as a whole keep a nice, shiny reputation.

When it comes to attached homes, like condos and townhouses, the HOAs also maintain the exteriors of buildings, including roofing, and common areas, like lawns. Single family HOAs often provide amenities like pools and common buildings that can be used for parties. The more the HOA does, the more the fees will be. And sometimes there will be fees even if they don’t do much.

Homeowners Associations Versus Neighborhood Associations

Another point to clarify is that there is a difference between a neighborhood association and a homeowners association. Neighborhood associations are voluntary, generally have very low fees for membership and do not run with the land. That means that you can buy a house where the former owner was part of the neighborhood association, but decline to be a member yourself.

On the other hand, if you buy a home that’s part of a homeowners association, the covenants, conditions and restrictions (CC&Rs) run with the land itself. So, you buy the land (usually with a house on it) and at closing sign that you agree to the HOA’s rules. You can only change those by being an active part of the association itself and going through the process it takes to allow RV parking in the front yard or whatever it is that you really want to do.

Is an HOA For You?

It’s really hard to know if you’re going to get along in an HOA-controlled neighborhood without taking a long hard look at those CC&Rs. They vary widely, just like the people who live in different neighborhoods. Even if you find a home that you absolutely love, don’t sign a thing until you’ve seen the CC&Rs and gone over them with your real estate agent. You will be living under those rules for a while, make sure you can accept that.

While it would be fun to have a pool you don’t have to clean, sometimes you have to be realistic and say, “These rules just aren’t for me or my lifestyle.”

But, sometimes those rules are really practical and make a lot of sense. For example, some might state that your grass has to be kept under six inches high. Great rule, this practice reduces animal and insect problems by removing cover.

Others might say you can’t have a clothesline or a fence, which might be a total deal-breaker for you. There is often an appeal process, but if that clothesline is a big enough issue, don’t risk it. There are plenty of houses in the sea.

Don’t Forget, HOA Fees Are Included in Your DTI

Last, but not least, remember that HOA fees will be included in your debt to income calculation. So, if you are just barely able to afford that lovely home, the monthly fees may make your lender give you the red light. This is an important item to check when you’re investigating the other terms of the HOA.

You can expect them to run anywhere from a few hundred to over a thousand dollars a month. Definitely something you want to be sure about before committing. Would you rather have that much more in home, or in amenities?

Already in Love With the Idea of a Home In an HOA?

If you and your real estate agent have taken the time to investigate the HOA and the CC&Rs and you’re still good to go, write that contract! Make that home yours and know that the rules will help to maintain home standards, even if they can be a bit draconian at times.

Once you move in, don’t forget your friends at HomeKeepr! I can recommend lawn pros to keep the grass trimmed, siding experts to ensure that the front of your home is always looking its best and other home pros like fence installers for that fence Fido requires.

Groton Real Estate Market Report March 2019 by Groton Realtor Bridget Morrissey

Groton Realtor Bridget Morrissey is pleased to present the Groton Real Estate Market Report.  If you have any questions regarding Groton homes for sale feel free to call or text Groton Real Estate Agent Bridget Morrissey at 860-857-5165.
                                                               


Call or text Groton Real Estate Agent Bridget Morrissey about Groton Real Estate at 860-857-5165!



Call or text Groton Realtor Bridget Morrissey about Groton homes for sale at 860-857-5165.


The Groton Real Estate Market Report is brought to you by Groton Realtor Bridget Morrissey.

  Groton Mill Rate click here.





Call or text Groton Real Estate Agent Bridget Morrissey about Groton Real Estate at 860-857-5165!

     

Groton was established in 1705, when it separated from New London, Connecticut.  The neighborhoods include Burnett's Corner, Center Groton, City of Groton, Groton Heights or Groton Bank, Groton Long Point, Long Hill, Mystic (06355) — primarily in the neighboring town of Stonington, but a small portion (West Mystic) is in Groton, Noank, Old Mystic, Poquonock Bridge, Fort Hill and Conning Towers-Nautilus Park or the Submarine Base area.

Groton is the home of General Dynamics Electric Boat Division, which has been supplying the Navy with submersibles since 1899. Electric Boat employs thousands in the Groton/New London area.

The Old Mystic Baptist Church, founded in Groton, was the first Baptist church in Connecticut.

Groton Real Estate Market Report for January 2019

Groton Real Estate Market Report for January 2019 from Groton Realtor Bridget Morrissey

The Groton Real Estate Market Report is brought to you by Groton Realtor Bridget Morrissey.

  Groton Mill Rate click here.




  
                                                                

     

Groton was established in 1705, when it separated from New London, Connecticut.  The neighborhoods include Burnett's Corner, Center Groton, City of Groton, Groton Heights or Groton Bank, Groton Long Point, Long Hill, Mystic (06355) — primarily in the neighboring town of Stonington, but a small portion (West Mystic) is in Groton, Noank, Old Mystic, Poquonock Bridge, Fort Hill and Conning Towers-Nautilus Park or the Submarine Base area.

Groton is the home of General Dynamics Electric Boat Division, which has been supplying the Navy with submersibles since 1899. Electric Boat employs thousands in the Groton/New London area.

The Old Mystic Baptist Church, founded in Groton, was the first Baptist church in Connecticut.

Historic village of Groton Bank

What is Groton Bank? Groton Bank is a historic village on the east bank of the Thames River in Groton, Connecticut. Geographically it comprises less that a half square mile--about 1 % of the Town of Groton and about 10% of the Town's major subdivision, the City of Groton.

Today the Groton Bank neighborhood contains a few hundred houses, three churches, a library, two museums, a Revolutionary War fort and business structures dating primarily from Colonial times to a century ago.

Groton Bank and Fort Griswold are separate but adjacent Historic Districts listed on the U.S. Department of the Interior's National Register of Historic Places.

Historic Village of Groton Bank

Soule, Ellis and Beers, 1868 Atlas of New London County Connecticut

In 1655 the ferry operator Cary Latham became the first permanent English settler on the east bank of the Thames River when it was part of the Pequot Colony, later to become New London. After Groton became a separate town in 1705 the east bank of the river became known as Groton Bank and grew to become a major village in the town. In centuries following, Groton Bank became a national and world leader in shipbuilding, site of the only major Revolutionary War battle in Connecticut (Sept. 6, 1781), active in West Indies trade, the key defense (Fort Griswold) of the Thames Harbor and Connecticut in the War of 1812, a transportation hub, the town’s early center of business and commerce, home to the most famous captains of the whaling era as well as other prominent sea captains, and the residence of many leading citizens including a congressman.

Early Groton Bank history is intertwined with New London’s—many famous whaling captains and others sailing from New London harbor and a number of New London’s prominent businessmen resided at Groton Bank. Beginning in 1881 part of Groton Bank began to take on the name Groton Heights in honor of the 100^th anniversary of the Revolutionary War Battle of Groton Heights fought here on September 6, 1781. In 1903 Groton Bank’s progressive residents were key to establishing the much geographically larger Borough of Groton, now the City of Groton and use of the name Groton Bank declined until 1970 when residents founded the Groton Bank Historical Association and began to revive the area and it history.



Today Groton Bank retains its village character of earlier times with a spectrum of village architectural styles including Colonial; Federal; Greek Revival; Victorian with its sub-styles of Italianate, Mansard, Carpenter Gothic, Stick style, Queen Anne, and Cottage style; Shingle style; Old English; English Tudor; Romanesque; and Neo-classical—all in an area of only about a dozen square blocks. Many of these structures retain their original appearance. Since Groton Bank’s 19^th century residents were prosperous some of them enlarged or added “modern” features to their earlier era houses. For example, some colonial and Greek Revival houses have later additions or embellishments such as Victorian bay windows or porches.

Source: http://www.grotonbankha.com/

Groton Open House Sunday October 28 from 1:00-3:00 at 95 Monument Street.

Groton Open House Sunday October 28 from 1:00-3:00 at 95 Monument Street. bmre.us/95 Beautiful Historic Home in Groton Bank District. 4 bedrooms with hardwood floors and 2 full baths upstairs. Living room, family room, dining room and kitchen on main level. Many built ins that lend to the charm of this beautiful home. 2 bay windows allow natural light to flow into the dining room and one of the bedrooms. Close to main highways, shopping, schools, Thames River, Electric Boat and Pfizer. 2 car detached garage with a private driveway for off street parking. Washington Park and Fort Griswold are within a few blocks of this property.

Five Star Premier Agent in Groton

Premier Agent in Groton is Bridget Morrissey
Bridget Morrissey is a Zillow Premier Agent listing and selling homes in Groton, CT.

Groton homes for sale can be found in the

Town of Groton

Groton City

Groton Long Point

Groton Bank

Groton near EB

Groton near the Subase

Fort Griswold area

Mumford Cove

Mystic

Noank

Shennecossett.

As a top Real Estate Agent in Groton, Bridget Morrissey explains how Zillow calculates your Zestimate. Using a proprietary formula, Zillow produces an estimated market value. It is not an appraisal. You can use the Zestimate as a starting point in figuring a home value but understand that no one from Zillow has been to the house to see the condition, the neighborhood or anything about the house.

The best Real Estate Agents in Groton, like Bridget Morrissey, know that zestimates are calculated from publicly available information and user submitted data. Mystic Zestimates look at location, market conditions and special features. Physical attributes such as lot size, square footage, number of bedrooms and bathrooms and many other details are also involved in the calculations.

Zillow encourages buyers, sellers, and homeowners to add to Zillow’s information by using one of the finest Real Estate Agents in Groton, like Bridget Morrissey, to have a comparative market analysis (CMA) done, to have an appraisal done by a professional appraiser, and to see the house in person. 

A Zestimate is an estimate of the market value of a home. It changes with the market or when Zillow has a better algorithm to estimate the market value. 

For more information on Zillow and Zestimates call or text Zillow Groton Premier Agent Bridget Morrissey at 860-857-5165, email her at bridgetamorrissey@gmail.com or go online to www.bridgetmorrissey.com. Her Zillow Groton Premier Agent site is www.zillow.com/profile/BridgetMorrisseyTeam.