Manchester, CT Real Estate News

By ReadySetLoan Condo Approval Team, The FHA/VA Condo Project Approval Specialists
(ReadySetLoan Condo Team LLC)
Manchester Connecticut Condo Sales As part of my marketing efforts as an FHA condo approval specialist, I work to compile data for condo sales in various towns in Connecticut.  I try to pick towns that have a lot of condominiums to provide comparison data between projects that are FHA approved condos and those that are not. Manchester CT Condo Data for 2013 Manchester has 54 condominium projects of which 15 of them are approved with FHA.  (Of those, our office has handled 9 of them.)  Before FHA’s changes in 2011 there were 45 projects on FHA’s Approved Condominiums List.   Analysis of Data I typically divide the listing data into those in FHA-approved condos and those that are in non-FHA projects.  For my business, it’s good to analyze the difference between the two. In Manchester, con...
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By Maria Gilda Racelis, Home Ownership is w/in Reach. We Make it Happen!
(Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington)
This week, it is the 100th anniversary of Homeland Day, along with the 23rd anniversary of Pride in Manchester week and Heritage Day.    ORIGIN OF  HOMELAND DAY:  "Ruth Sears Cheney (1884-1987) initiated the June 1914 Homeland Day, celebrating the heritage of Manchester’s ethnic groups. With a group of town residents, she organized a full day of festivities including a parade with floats representing the culture of the various nations represented in the town’s population."     Pride in Manchester Week List of Activities and Events:   Saturday June 7  Live music in Center Memorial Park.       -Opening Act - Hot Cat Jazz Band - 5:30 p.m. to 7 p.m.       -Headliner– Mass-Conn-Fusion - 7:30 p.m. to 9:30 p.m.   Sunday June 8  SHOW IN THE PARK: Manchester Art Association’s 41st annual art fai...
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By Maria Gilda Racelis, Home Ownership is w/in Reach. We Make it Happen!
(Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington)
Town of Manchester: The Silk City. Why Silk City? Manchester has acquired the name Silk City because in this town, the Cheney family started what became the world’s largest silk mill in 1838. As the town’s tribute to the Cheney family, the mills, houses of the owners, and homes of the workers are now part of the Cheney Brothers Historic District, a National Historic Landmark. Manchester–A City of Village Charm. In 1935, a man named Malcolm Mollan won $25 for his entry to the slogan contest sponsored by the Chambers of Commerce that best suited the Town of Manchester to boost tourism. The town has a total area of 27.7 square miles (71.7 km²), of which, 27.3 square miles (70.6 km²) of it is land  and 0.4 square miles (1.1 km²) of it (1.52%) is water, according to the United States Census ...
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By Maria Gilda Racelis, Home Ownership is w/in Reach. We Make it Happen!
(Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington)
On June 14, 2014 at Globe Hollow Reservoir, 100 Spring Street in Manchester Connecticut, please join the Life Without Limits 5K Run, Walk, & Roll to show your support to invididuals with disabilities. The event will start at 9 A.M. There are two categories that you can join. The non-participants can still contribute by donating to United Cerebral Palsy (UCP) of Greater Hartford or by purchasing a Dry-fit shirt.   The cost is $37 and $98 for the individual and family category, respectively. There are many ways that you can make a gift to UCP of Greater Hartford. The organization is in need of camperships for Camp Harness, repairs on homes, supplies for day programs and office furniture. Donations can be sent to: United Cerebral PalsyAttn: Development80 Whitney StreetHartford, CT 06105    
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By Jeremy Joslin, Professional Real Estate Marketing and Sales
(Coldwell Banker Residential Brokerage)
If you are looking for a beautiful 4BR Colonial Home for Sale, 45 Bette Drive in Manchester, CT is a must see!  Located in a beautiful residential area of Manchester CT near the Bolton line this spacious home offers 2468 square feet of living space and an additional 700 sq ft in the finished lower level.    Here at 45 Bette Drive in Manchester you will have 4 bedrooms, 2.5 baths, a family room, a first floor office, and a 3-season porch.  The remodeled kitchen has oak cabinets, a breakfast bar and new appliances opening to the dining area which has sliders leading to the 3 season porch.  Off of the kitchen is a family room with a huge fireplace.  A beautiful front entry to the foyer opens to the formal dining and formal living room with fireplace.   Additional features include hardwood ...
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By Jeremy Joslin, Professional Real Estate Marketing and Sales
(Coldwell Banker Residential Brokerage)
If you are looking for a great condo at a super affordable price, check out this 2BR 1.5 Bath Townhouse for Sale at 14 Lawton Road in Manchester CT.  This beautiful townhouse offers 1000 sq ft of living space with an additional 400 sq ft in the finished basement. This 2BR Townhouse offers an open floor plan with kitchen, dining, living room and half bath on the first level.  This condo has new thermal windows and sliding glass doors leading out to the patio creating a bright and vibrant space.  This 2BR townhouse offers hardwood floors beneath the carpet.  Two bedrooms and a full bath are on the 2nd floor. Lawton Gardens Condominiums is a small complex with 29 units located in a great residential area of Manchester.  Lawton Gardens is a pet-friendly complex with heat and hot water inclu...
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By Maria Gilda Racelis, Home Ownership is w/in Reach. We Make it Happen!
(Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington)
Town of Manchester: The Silk City. Why Silk City? Manchester has acquired the name Silk City because in this town, the Cheney family started what became the world's largest silk mill in 1838. As the town's tribute to the Cheney family, the mills, houses of the owners, and homes of the workers are now part of the Cheney Brothers Historic District, a National Historic Landmark.   Manchester–A City of Village Charm. In 1935, a man named Malcolm Mollan won $25 for his entry to the slogan contest sponsored by the Chambers of Commerce that best suited the Town of Manchester to boost tourism. The town has a total area of 27.7 square miles (71.7 km²), of which, 27.3 square miles (70.6 km²) of it is land  and 0.4 square miles (1.1 km²) of it (1.52%) is water, according to the United States Censu...
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By ReadySetLoan Condo Approval Team, The FHA/VA Condo Project Approval Specialists
(ReadySetLoan Condo Team LLC)
Condominium Market Data for Manchester, CT Because I had so much fun (sarcasm intended) compiling the market sales data for South Windsor, I decided I would tackle a larger town in the area.  Manchester, CT, is our neighbor to the south and a town with a high concentration of condominium projects. Condominium Market Data for Manchester, CT  There are 56 condominium projects in Manchester, CT.  Of those, 45 of them have been approved with FHA at one time.  Currently, there are 14 condominium projects approved with FHA.  Incidentally, our office has handled 7 of these approvals and we are currently working on others.   Analysis of Data I divided the numbers into those in FHA-approved projects and those in non-FHA approved projects.  For my business, it is good to analyze the difference be...
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By Maria Gilda Racelis, Home Ownership is w/in Reach. We Make it Happen!
(Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington)
Real estate market in Manchester Connecticut has shown excellent rebound.  Sales increased annually since 2011. Last year, 2013, 473 residential homes are sold compared to 416 in 2012 . That is 57 units more. Out of the 476 units, the most expensive property is sold for $500,000. This property has 3949 square feet, 5.1 bathrooms and 6 bedrooms. In 2012, the highest is $540,000 with 4,300 square feet, 4.1 bathrooms and 6 bedrooms. Even though the most expensive home is $40,000 more in 2012 compared to 2013, the SP$/SqFt is higher in 2013: $228.05 per square feet in 2013 and $183.98 per square feet in 2012.   DAYS ON MARKET: As shown on the data below, properties sold quickly if priced correctly during the first 30 days. The difference between the list price and the sold price is also low...
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By Maria Gilda Racelis, Home Ownership is w/in Reach. We Make it Happen!
(Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington)
Thanksgiving Day-November 28, 2013. Fifteen Thousand Runners swarmed along Main Street in Manchester, CT., 06040 to participate in Manchester Road Race's 77th year. It was 32 degrees Fahrenheit but the temperature did not stop the throngs of people from different ages to witness the annual tradition.       There were also special and cute GUESTS which did not mind the commotion going on.         The spectators were anxiously waiting for the runners to show up and finish the 4.78 mile-length course. The crowd's excitement loomed when the first and second participants in the wheel chair division navigated from Center Street towards the finish line. Cheers grew stronger as the first place winner passed by like Flash Gordon that my camera lens barely caught him in action.    Then the second...
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By Maria Gilda Racelis, Home Ownership is w/in Reach. We Make it Happen!
(Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington)
Come and join the group of Dog Lovers on November 8, 2013 at Manchester Country Club, located at 305 South Main Street, CT.,06040. Bowser Ball is a Dinner Dance Benefit Event for Manchester Dog Owners Group, Inc. MDOG is a non-profit organization advocating responsible dog ownership. In embracing this mission, MDOG works hand in hand with local veterinarians and trainers. It continuously supports canine recreational programs and activities. This year, it has sponsored the Taste of Manchester to generate funds to maintain and expand the very first community dog park, Manchester Barks and Rec Dog Park in Mt. Nebo Park on Spring Street, Manchester. Bowser Ball is sponsored by Leaps & Bones, a gourmet bakery which sells all natural and handmade items with the highest quality human grade ing...
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By Minna Reid, Associate Broker
(Killebrew & Company Realty, Inc.)
  54 Deepwood Drive Manchester, Connecticut 06040 Great 3 bedroom Cape Cod style home with a fantastic location!! Home | Photos | Photo Tour | Brochure | More Info  | Contact   Call Now on:(860) 416-1255 Request More Info Request Showing Send To A Friend Loan Calculator Map View Aerial View Local Schools Print Brochure Census Data Dream Home Help Home Valuation Contact Cozy 3 bedroom Cape Cod style home in a quiet neighborhood. Property Highlights Conveniently located Formal dining room Hardwood floors Partially finished basement with two bonus rooms Tile bathrooms Eat-in kitchen Formal living room Large fenced backyard Quiet neighborhood Property Description This great 3 bedroom home is conveniently located close to everything yet still has a quiet neighborhood atmosphere. There is pl...
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By Frances C. Rokicki, Broker-Mentor,CRS
(Fran Rokicki Realty, LLC)
Looking for a local banker, in Hartford County, who will take the time to explain the mortgage or refinance process to you?                                            I highly recommend Joe Petrwosky as a mortgage banker.  He understands the details and the importance of timing while working on a transaction team.    Client’s trust and confidence are important factors to have and I believe that Joe Petrowsky has these qualities and works to get the transaction closed, successfully. I advise my clients to go through the preapproval process, prior to looking at homes.  You need to know your numbers and also, what programs that may be available to you that will save you money.  Be sure to contact Joe, today, to begin your home purchasing process.  He will be happy to meet with you and prov...
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By Frances C. Rokicki, Broker-Mentor,CRS
(Fran Rokicki Realty, LLC)
*     *     *     *     *     *     *     *     *     *     *     *     *     *     *     *     *     *     *     *     *     *     *     *     *     *     *   Local businesses are happy to help raise monies for local charities.  Without the support of small businesses, many charities would be lost, today.  Please support local businesses in your community.  This photo is from Sam's Club in Manchester, Ct.  They are participating in the Support Cancer Walk for Breast Cancer Cure & Cancer Research in Hartford, October 21, 2012.  I have included the link to the website of the Cancer Society if you would like to form a company team, or if you would just like to join in and participate.  Bring a friend.  It'll be a good day for a walk in Downtown Hartford!   http://makingstrides.acsevents.o...
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By Jamie R. Bell, Your Central CT Realtor
(Bell Realty Group at Berkshire Hathaway HomeServices NEP)
Manchester CT Market Update Everyone is always asking how’s the market? It’s a tough question to answer as it can depend on the town, some are better than others. The effects of the past year may still linger in some towns but what I have found is that there is still some improvement. Manchester, CT is one such town being that it is a larger town and the inventory is much more diverse. As we review a few key statistics we do have to keep in mind that in most markets the summer months tend to be slower so you do have to look at the overall big picture. In this year-to-date snap shot of the Manchester CT Market Update you will that how the market is changing and that it is making strides. Recovery takes time and as you can see not every statistic is positive but overall prices in Manchest...
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By Peggy Chirico, REALTOR® 860-748-8900, Hartford & Tolland County Real Estate
(Prudential CT Realty)
Three-Bedroom, Two-Bath Ranch with Pool in Manchester CT 77 Croft Drive, Manchester CT $274,900   Just listed is this beautiful three-bedroom, two-bath U-shaped ranch in a park-like setting in Manchester CT. Meticulously maintained and updated, this home offers plenty of space for relaxing, entertaining, and living. Custom features include: A master bedroom suite with 16x10 sitting room with vaulted ceilings Crown moulding and new woodwork Refinished hardwood floors Updated baths Granite countertops and tile backsplash in kitchen A two-station home office space in the lower level family room Wine room with built-in wine racks.    Outside is a backyard oasis, complete with inground pool, pond, gazebo, wrap-around deck, stone patio, and easy-care perennial gardens.  Take a look for yourse...
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By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
“Always Great to be Acknowledged”   I wanted to share a recent interview.   Meet Joe Petrowsky, Mortgage Consultant "People are afraid to be rejected. It is my job to coach people. There is always a way. Talk to someone who is knowledgeable."       I met Joe Petrowsky when I attended my wife Carole's BNI business leads group meeting a few years ago. I drive past Right Trac Financial Group, Joe's business at 110 Main St., almost every day and I was curious about the business. I contacted Joe and asked him to share his thoughts about his business and what is happening with mortgages these days.     Timothy Becker: Joe, what services do you offer here at Right Trac Financial Services?   Joe Petrowsky: I have this belief that anyone who wants to own a home should be able to get a mortgage. ...
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By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
“73 Year Old Apologizes to his Wife in Manchester, Ct”   Sometimes the work I do for a living just sucks!   On Saturday I met with this couple for a refinance, both on social security and he is still working part time. They want to refinance their home in Manchester CT to get a lower monthly payment. The owe $174,000 and their interest rate is 7.5%, they have 24 years left on their mortgage.   The problem, the value of their home is about $150,000. Since their mortgage is not owned by Fannie Mae or Freddie Mac, we can’t refinance through HARP 2.So they are stuck, as they don’t have enough savings to pay down the mortgage.   They shared with me, that they have spoken to their mortgage servicer about refinancing or modifying their mortgage, they were told no, they couldn’t because they we...
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By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Mortgage Process Confusing for Manchester, CT,  Attorney and His Wife” A couple of months ago, I was taking a mortgage application from an attorney and his wife. His practice is primarily real estate closing. So, the mortgage application process should be pretty simple, RIGHT? Anytime I do a mortgage for anyone that has some knowledge of the business, I let them know right away, I am going to do this process, like you know nothing about mortgages. Most people say, OK. I took these two folks through the process and for me that can take between 90 and 120 minutes. I work hard to make sure that they understand all aspects of the process. The amount of documentation, as a result of all the rules and regulations that have come about over the last few years, has made the process less understa...
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By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Preapproval Denied for Couple in Manchester, CT, by Local Credit Union”   Trish and Brian were referred by their friends' mom, that works for a bank. Is this crazy or what?   I met with them and as many first time home buyers, they were extremely nervous, especially after being denied by a local credit union. They shared with me, that they had saved money over the last two years, not made any unnecessary purchases and really focused on paying all obligations on time. So what was the problem?   The credit union told them, that Trish’s credit scores were not high enough. They required a minimum credit score of 680 and she was a 677. They were not sure what type of loan the credit union had available, but were told they required 10% down, which they have.   They brought in all their income...
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