May real estate transactions in Falls Village

40 Music Mountain Road was purchased by Lemon Properties for $425,000 in 2022. Over two years the 6-bedroom property was reimagined and sold quickly for $3,750,000 – a record for Canaan.

Christine Bates

May real estate transactions in Falls Village

FALLS VILLAGE — Canaan’s most expensive house sold in the last 10 years was recorded in May for $3,750,000. For perspective, during the last 10 years only 10 single family residences have been sold over a million dollars. Falls Village, Canaan has experienced a dramatic tripling of real estate prices in the last four years. The current median price of a single-family residence publicly listed by a real estate broker in Canaan is $719,000 up sharply from $198,000 in June of 2020. In April and May six sales were recorded by the Town Clerk and only half of those were sold by a real estate agent, the other three, typically less expensive properties, were negotiated privately. At the end of June there were eight homes for sale ranging in price from $319,000 to $1,525,000.

Recorded Sales

April and May 2024

Town of Canaan

144 Warner Turnpike: 3 bedroom/3 bath home sold by Felicia Brodsky-Jones to Adriane Lyon recorded on April 8 for $775,000.

*Route 83: 7.03 acres of vacant land sold by Irwin J Veden to Eric Carlson recorded on April 9, 2024, for $53,000.

199 Route 7S: 2 bedroom/2 bath home on 3.4 acres sold by Linda M Erwin to Amy Grace Tedder on May 6 for $375,000.

40 Music Mountain Road: a newly renovated 6 bedroom/6 bath home with 38 acres sold by Lemon Properties LLC to Elizabeth Dunn on May 14 for $3,750,000.

*105 Main Street: a small office building sold by 105 Main Street LLC to Kelie Henkens on May 21 for $325,000.

*18 Route 63: 3 bedroom/2 bath home sold by Priscilla Belcher to Congress & John LLC recorded on May 30 for $90,000. This was a public tax sale with the buyer also paying back taxes and allowing an elderly tenant to continue to live there.

Town of Canaan real estate sales recorded as sold between April 1, 2024 and May 31,2024 provided by Johanna Mann, Town of Canaan, Town Clerk. * Indicates a private transaction without the assistance of a real estate broker. Current market activity and historic data sourced from Smart Matrix MLS. Compiled by Christine Bates, Real Estate Salesperson with William Pitt Sotheby’s International Realty, Licensed in CT and NY.

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