Having the opportunity to market and show Milbank Court, a wonderful in-town community of 17 town homes located in downtown Greenwich CT, I have learned that many of today’s buyers are looking to simplify their lives and homeownership responsibilities.
Some of the buyers I have met are interested in downsizing out of a larger home, stating they are “empty nesters” as their children have moved on. They still need a guest room or two for out-of-town visitors. Some have grand children who need play space. Many of these buyers are also interested in lowering their property taxes so I encounter a lot of people coming from New York State. Some of them are multiple homeowners and will only spend part of the year in Greenwich. Everyone wishes to lose the property maintenance that a larger home with land requires.
Milbank Court has many solutions for the downsizing buyer, offering easy living in a community close to downtown Greenwich and all that has to offer. As most of you know, downtown Greenwich has a multitude of restaurants, shops, parks with tennis courts, a ferry that takes passengers to the local islands and beaches, Metro North train to NYC, local gym’s including the new YMCA -- all within walking distance.
Each unit is delivered complete with a fresh renovation offering the best in today’s interior finishes. Each home is an end unit featuring light and bright interior spaces. The buyers are pleased to find the brand new bathrooms and fresh clean kitchen exhibiting honed marble counter tops and stainless steel professional grade appliances. Three to four bedroom units include a finished lower level space with a full bathroom and laundry. Multiple windows bring in natural light. This turn key offering allows the buyer to move right without the hassle of costly updates.
Unique to the townhouse marketplace, Milbank Court offers private outdoor space. Buyer’s have been delighted to find a covered front porch that makes a nice sitting area and a separate patio ideal for a table and grill. Mature landscaping and gardens throughout the grounds create a lush presentation.
Importantly, the property taxes are about $10,000 a year and common charges only around $500 a month based on the size of the unit which takes care of the landscaping, snow removal, refuse collection, some building maintenance and more. This allows the home owner freedom to travel and enjoy their second home.
Low property taxes and common charges coupled with a turn-key renovation and low maintenance makes for an easy solution for those interested in downsizing and simplifying.
The price point is attractive compared to the Greenwich real estate marketplace with units priced from $1,795,000 to $2,050,000. First Republic Bank has a loan package for qualified buyers. Find more information and view the various floor plan options at www.milbankcourt.com.