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New Haven County, CT Real Estate News

By Eric L. Green, Your IRS Tax Litigator
(Tax Rep LLC)
In this week’s podcast Heather Satterly, the Director of Education and Media for Woodard sits down with me to discuss the highlights of this year’s conference, and she and I discuss why the conference is such an unbelievable experience for both training and software solutions.Check out the podcast episode on spotify here: https://open.spotify.com/show/3wPwJovs3sbCQjczMxli3S 
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Friday Flags In Waterbury CT's West SideEarlier in the week while leaving the Waterbury Hospital entrance, it appeared that the flag winds were trying to make me wait longer than I wanted for a photo.With a little patience, however, the winds cooperated, and I got a photo that I could be pleased to offer up today.Even it if took a change in wind direction to get it done. Friday Flags In Waterbury CT's West Side
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
The NCAA Men's Tournament is Down to the Final 4A season's worth of games and the ups and downs have brought us to the final weekend of the College basketball season.Saturday will be the day for the stage to be set for the Final 2 to play Monday night for the National Championship.Many a bracket has been destroyed for the loses along the way, but there are some out there that have at least 1 or 2 of the teams above fighting through to the Championship.The seatings are:NC State vs Purdue  Tip off at 6:09 PMUConn vs Alabama   Tip of at 8;49 PMThe site is State Farm Stadium in Glendale AZThe nerves will be frayed this week and so many have UConn projected as the favorite to repeat as Champions but there are 3 teams that are there to try and not make that happen.May the best team win.Go UCo...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Friday Flags A Bit of Texas in ConnecticutWe have a couple of big box stores in Waterbury, and they are relatively close to each other.I was on my way to one when the restaurant adjacent was calling to me.This gave me an opportunity to not only offer our proud American flag in the breeze, but also the National Flag of Texas right beside it.After a couple of comments from citizens of that country on my recent flag post, I wanted them to know that it is easy to flag photos if you just take the time.This took me all of 5 minutes from getting my gas, but the satisfaction was well worth it.The wind kicked up enough for me to get the last shot as well. Friday Flags A Bit of Texas in Connecticut
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Prospect CT Annual Easter Egg Hunt Mar 30, 2024 The Annual Easter Egg hunt will be Saturday, Mar 30 at Hotchkiss FieldThe hunt will start at 11:00 AM sharp and there will be age categories.All are invited to attend but don't be late!Th eggs will not only have candy, but there will also be special mystery eggs with gift cards.    Also, the Fire Department Lady's Auxiliary will be selling easter flowers.Hours are:    Friday   9:00 AM to 3:00 PM                    Saturday 9:00 AM to 3:00 PM Come out have some fun and get flowers for those special people in your lives.   Photos from Prospect CT Community Pages Prospect CT Annual Easter Egg Hunt Mar 30, 2024
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By Eric L. Green, Your IRS Tax Litigator
(Tax Rep LLC)
Joining me, Eric Green, on this week's Tax Rep Network Podcast is the Director of IRS Collection Policy, Rocco Steco, to update everyone on where the IRS is right now in terms of turning back on the automated enforcement and what we and our clients can expect in the coming year.You can watch the video on YouTube here: https://www.youtube.com/watch?v=OWGerNZLAY8You can listen to the Tax Rep Network Podcast on all podcasting channels. 
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Friday Flags A Patriotic Prospect CT DentistGetting back to life in Prospect CT, it was time for a trip to the dentist to get the teeth cleaned.I have been coming to the office for almost 30 years and even wt. a change in ownership there was no question as to the loyalties of the office.It's early spring and that means winds so very little time spent waiting for the perfect shot, unless it's too much wind.As they are only 3 miles from home also helps and hopefully while I still have my own teeth, I will be there at least a couple of times a year. Friday Flags A Patriotic Prospect CT Dentist
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
What Happened in The Prospect CT Real Estate Market Prospect February 2024?   Prospect CT is a town of App 11,000 residents located in New Haven County. It is bordered by Waterbury, Cheshire, Naugatuck and Bethany.  Once noted by Money Magazine as one of the top 300 towns in the Nation, it has since adopted the title of Best Small town in CT.It serves as a predominately residential community whose residents commute to the nearby towns.  It has a well-recognized Regional school system shared with Beacon Falls CT.  It is also recognized as a well managed town with taxes under control.  Search for homes in Prospect CTCurrently in Prospect CT there are 9 active residential listings for sale. The homes for sale in Prospect CT range from a 924 square ft, 2-bedroom mobile home listed at $110,0...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
First Day of Spring 2024It's the first day of spring, officially called the Spring Equinox.  This means that for the Northern Hemisphere, we will get earlier sunrises, later sunsets, softer winds and the plants will start to bud.  For the purists, it il be 11:06 PM, EST.My yard must have had its dates messed up as my crocuses have a jump start as do the daffodils.This bunch is much larger than it was last yer. I was not aware that they self-propagated like other plants do.The daffodils are anxious to bud, even though we had a relatively mild winter with only 2 snowstorms, albeit they were big.Regardless of the transition time, it will be nice to get some warmer days back home. And for the real estate business, I would guess that this mean the starting flag has been dropped and the race ...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
It's Selection Sunday for College BasketballFor college basketball junkies, guilty as charged, this is a day to pay close attention as the playoffs are here. It's one and done time to see who will become the NCAA Champions.It is even more anticipated here in CT as our men's team is the overall #1 team due to the hiccups created by others seeking that position in the conference finals this weekend.Not only is the men's team the overall #1 team, but as defending National Champions, they are also the favorites to repeat as champions. They have had an exceptional year going 30-3, and their path to the Final 4 in Phoenix is through the regionals, starting in Brooklyn, NY and then to Boston and if they win out, it's to the Final 4.Not to be overlooked, even though their past few years have be...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Happy St Patrick's Day 2024 Every year Irish all over the world, and want to bees', celebrate with much enthusiasm the death of the patron saint of Ireland, who died on arch 17. He was rumored to have driven the snake out of Ireland, which would have not been conceivable as there were no snakes in Ireland.As with all days of recognition, it has gotten to be highly commercialized and as my former, very Irish brothers-in-law would say each year as they stayed away from their favorite drinking spots, 'A Day for the Amateurs, much like New Years Eve.As the day is Sunday and just maybe a few people recognizing tomorrow is a workday, there will be lots of revelry and many an adult beverage consumed, some to excess but hopefully, the fun will be remembered.Anyway, for those that will go out to...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
What’s My Waterbury CT Home’s Value February 2024Waterbury CT is the second largest town in New Haven County with a population of app115,000. It is 33 miles southwest of Hartford, 25 miles north of New Haven and 77 miles northwest of New York City. The larger factories that once dominated the Connecticut manufacturing economy are no longer in Waterbury, essentially changing form the brass mills they used for raw materials and converting to cheaper and lighter aluminum or plastic. Currently in Waterbury CT there are 52 active residential listings for sale. The homes for sale in Waterbury CT range from a 1,024 square ft, 3-bedroom row-house listed at $149,900 to a 1,215 square ft, 2-bedroom cape listed at $750,000. These listings are within the town zip codes of 06702, 06704, 06705, 06706...
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By Eric L. Green, Your IRS Tax Litigator
(Tax Rep LLC)
I am a tax attorney in New Haven, Connecticut that help taxpayers dealing with IRS audits and back balances all over the country. For S Corporation owners having a grasp and making the right call on compensation is not just smart business practice—it's a vital part of following IRS rules. Reasonable compensation ensures that shareholder employees are fairly paid for their efforts while steering clear of tax complications. In this piece we'll delve into what reasonable compensation involves, its importance and how S Corporation owners can smoothly navigate IRS guidelines.Reasonable compensation as defined by the IRS refers to the pay that would typically be given for services in circumstances by comparable businesses. Essentially it's the salary a shareholder employee would earn for thei...
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By Eric L. Green, Your IRS Tax Litigator
(Tax Rep LLC)
I represent taxpayers with tax issues in New Haven, Connecticut as well as all over the country before the IRS, Department of Justice Tax Division and State Departments of Revenue.  The IRS knows there are more than 10 million non-filers and has known who they are for several years now.  Last week the IRS announced the long awaited move against the top 125,000 high-income non-filers is starting. For those who haven't filed their taxes there are a few initial considerations: How many years must they file? Should they just file or should they request Voluntary Disclosure? Compliance with tax regulations goes beyond avoiding penalties; it involves maintaining your filing and payment compliance and working out an arrangement on any back-taxes owed. Submitting tax returns on time is vital—ev...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
March 4, 2024 Market Trends For Waterbury CT's West End Side, Zip 06708The 06708 Zip code encompasses the west side of Waterbury with 4 neighborhoods known as Brooklyn, Town Plot, Lower and Upper Bunker Hill. It is also the largest zip code in Waterbury. There are currently 24 active listings in the 06708 zip code with the average value of the homes for sale in Waterbury's 06708 zip code available for sale is $310,960 with average days in market of 42. There are also currently 21 properties under pending status and 20 properties under hard deposit contracts.For the year 2023 were 255 closed listings in the 06708 zip code of Waterbury with an average sales price of $273,459 and average days on market of 38.  In addition the closed properties sold at 100% of list.This suggests an absorpti...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
2024 Is the Time to Sell Your Prospect CT Home The market shift the past 3 years have created a perfect storm for home sellers. Even though interest rates are not as low as they were a few short years ago, the shortage of available properties to buy and the desire to own one's own home have buyers anxious.The chart below shows the extraordinary rise in values within the past few years with sellers holding more equity in their homes than ever before.  Since 2020, the average home in Prospect CT increased equity by over 40%. This is far greater than the typical 2-3% appreciation in values that would be normal.  Of course, it would also help to have an idea of the value of the home in the current market here in Prospect CT.  A current Market Evaluation on your home will give you the value ...
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By Eric L. Green, Your IRS Tax Litigator
(Tax Rep LLC)
I am a tax attorney in New Haven, Connecticut that helps taxpayers struggling with tax debt all over the country.  Dealing with tax matters can feel overwhelming, for any taxpayer. Whether its dealing with mounting debts or the looming threat of IRS enforcement actions the financial strain can be quite daunting. Fortunately there are options to help individuals facing challenges one being the option to acquire Uncollectible Status, also known as Currently Not Collectible (CNC) status from the IRS.Uncollectible status offers a relief for taxpayers experiencing hardship and unable to fulfill their tax obligations. When granted status the IRS puts a pause on collection activities providing some respite from asset or income levies. Despite the tax debt remaining in place there are advantage...
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By Eric L. Green, Your IRS Tax Litigator
(Tax Rep LLC)
I am a tax attorney in New Haven, Connecticut that helps taxpayers struggling with tax debt all over the country.  Facing a tax debt can be a daunting experience, but the IRS offers options for taxpayers to manage their obligations through installment agreements. However, these agreements come with their own set of rules and considerations that taxpayers and practitioners must understand to navigate effectively.An installment agreement is essentially a structured payment plan between the IRS and a taxpayer to settle back taxes over a period of time, typically in monthly installments. While it offers relief by spreading out the payments, there are key points to grasp before initiating negotiations.Firstly, it's crucial to acknowledge the IRS's stance on installment agreements. The IRS ai...
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By Eric L. Green, Your IRS Tax Litigator
(Tax Rep LLC)
I am a tax attorney in New Haven, Connecticut that helps taxpayers struggling with tax debt all over the country.  If you are feeling overwhelmed by mounting tax obligations, you're not alone. Luckily there's a solution that could ease your burden; the IRS Offer in Compromise (OIC) program. This program offers hope to those facing hardship by providing a way to settle tax liabilities for less than the amount owed. In this article we'll take a look at the IRS OIC program discussing its eligibility requirements, application process and important factors to consider.The IRS OIC program is designed for taxpayers who may not have the ability to repay their tax debts in full. It allows qualifying individuals to negotiate a reduced settlement amount with the IRS under conditions. A key aspect ...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
What’s My Cheshire CT Home Worth, Market Statistics for January 2024 Cheshire is a town in New Haven County offering a high quality of life. It has a population of app 29,000. It offers an easy commute to New Haven CT of 14 miles; it borders Waterbury CT and is just 25 miles south of Hartford, the state capital. Currently in Cheshire CT there are 29 active residential listings for sale. They range from a 1,250 square ft, 2-bedroom ranch listed at $259,900 to a 4,143 square ft, 4-bedroom contemporary farm house, horse farm on 35 acres listed at $3,500,000. The average list price of the homes currently available for sale under $1,000,000 in Cheshire CT is $702,800. The average days on market for these homes is 131 days. With the large properties included, the average list price jumps to $...
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