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April 2008


REAL ESTATE

Deeds & Don'ts

(Page 5 of 6)

Paige has an eye for identifying "it" listings, diamonds in the rough that have key stellar attributes—an antique with good bones, for instance, in a waterfront neighborhoo—that make for fantastic investment opportunities.

Paige herself has renovated several houses in the area, although she admits to making her current home "too comfortable—my family doesn't want to move!" So she guides clients toward homes she would fix up herself if she were in that business, counseling them on the smartest ways to renovate. One of her clients, Carole Petisi, has renovated and resold a total of 10 houses in Fairfield County, most recently a chic Southport antique that was featured in CTC&G last summer. It went on the market in the fall, garnered multiple offers and quickly closed. Petisi is deep into another project in Westport, which should be in move-in condition this month.

Style-setter Sarah Kaplan, proprietor of the Westport home design store Dovecote, is another of Paige's clients. While Kaplan doesn't flip homes for a living, Paige did help her sell the Redding antique she painstakingly renovated (also featured in this magazine) and find her next home, a circa-1725 home in Easton, currently under renovation.

So where are opportunities? Currently, Paige has identified three Fairfield County "it" homes that are ripe for renovation. "If you're looking for an investment project, now's the time to jump on listings like these," she says. Her picks follow—note that while Paige is not the listing agent for any of them, prospective buyers can call her for a showing that would include a complimentary consultation revealing Paige's ideas for their renovation. (Paige can be reached at 203-331-7512).

Westport
Circa-1926 Colonial
$2.5 million

Built in the grand and gracious styling of McKim, Mead & White, this 6,600-square-foot home is located in the Compo Beach-area cul-de-sac. It's got all the amenities of a Jazz-era estate, including seven bedrooms, five fireplaces, a sweeping staircase in the entryway. The one-acre lot features a pool and mature specimen plantings. Listed with Elaine Schanzenbach of William Raveis, Westport.

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