Westport: Preston's Picks #3

Target Acquisition: $360,000 - $390,000

Central Westport location within minutes of Main Street and walking distance to the Post Road. Neighborhood is ripe for continued turnover. 

Residence “A” Zone. Site deemed conforming with frontage exceeding 130’ and having a total area of .71 acres.  Level home site.  Public water & sewer connected.  Soil remediation work completed and we’re in possession of DEEP closure report. No reported wetlands.  Minor rock outcropping front yard.  Private road.   

Existing improvements include a frame, one story residence comprising 1,404sf of living space, 3BR’s and 2 Full Baths (LR, EIK, & FR), and a 2 car attached garage.  Dwelling built on slab.  

Highest & Best Use deemed to raze existing improvements and build new.  High water table will very likely prohibit a basement.  Three homes on Sue Terrace have been razed and rebuilt on crawl. Resultant value range estimated at $1.1M to $1.3M.  

Broker Disclosure:

The opportunity / subject property described is publicly listed.  RnEI’s principal and broker Tom Preston has entered into a purchase agreement with the sellers of the subject property.  

Rights of assignment have been secured as part of the sales agreement.  RnEI has provided information in the interest of securing an assignee as part of the eventual acquisition of the subject property.