Dooley
Real Estate
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ST JOHN'S PEAK AT KENT
PAST AND PRESENT
by Paul Dooley
|
The
Auction and After
On a rainy September weekend in 2004, the marketing
of lots in northwestern Connecticut was raised to
a new level. After having negotiated with several
buyers for the project, negotiations which involved
several earnest and entirely reputable individuals
whose vision for the project matched the partners’
(and which also included a few whose motives both
wasted time and eroded our faith in human nature),
the Partnership was approached by American Landsource
– owned by Michael Patten who has acquired a
reputation for creating and marketing scenic parcels
in some of the most desirable sections of the country.
A deal was quickly negotiated and American Landsource
set out to retest the lots and groom them for marketing.
Staging the property (not at all unlike staging a
house for showing) and employing a massive marketing
campaign, American Landsource sold the bulk of the
lots in one weekend following up with another weekend
auction and disposing of the remainder quickly by
means of individual sales. The operation was entirely
professional and an eye-opener for those of us who
have been selling land for over a quarter of a century.
The prices ranged from $149,900 to $680,000 and averaged
$279,500. The gross sales were just under $14 million.
Since the auction a number
of very attractive homes have been built, fulfilling
the vision John Marvin, Bill Davies and Roger Frechette
had when they embarked on the project in 1987. However,
ten of the fifty lots are now for sale at prices ranging
from $199,000 to $395,000, suggesting that at least
some of the auction buyers were investors, not users.
It seems clear that St. John’s Peak at Kent
is in the process of becoming an attractive and solid
neighborhood. But it may take some time to absorb
the lots now being offered for resale and for the
market to find a trading range. One factor which will
have a significant bearing on lot resales and future
construction is the question of road maintenance.
Are the paved primary roads eligible for acceptance
as town roads? Or will the on-going costs of maintenance
be borne by the Association? I’ll try to answer:
The Roads: Town
or Private?
It’s a fact of life that memory fades with the
passage of time. Eighteen years have passed from the
date of the subdivision approval to today. The Planning
and Zoning Commission has entirely new members and
the Board of Selectmen has changed several times.
What was understood and assumed in 1989 becomes harder
to reconstruct now.
Here are the facts and the
equities as I see them: The subdivision was approved,
indeed it couldn’t have been approved otherwise,
on the understanding that the principal, paved roads
would be conveyed to the Town of Kent. Indeed, Mount
Mauwee Lane, Weantinoge Lane, Stonewall Lane, Old
Paddock Lane, and Yuza Mini Lane would not have met
the Subdivision Regulations if they did not intersect
with public highways. Approval, then, was contingent
upon conveyance of the paved roads to the Town. The
approved map explicitly notes that Gorham and Old
Homestead shall be “conveyed to the Town of
Kent for use as a public highway(s)". It further
notes that the approval granted was contingent upon
all of the conditions set forth being met. In 2002,
the Commission and the Selectmen released the final
bonds held for the completion of the project, acknowledging
that the conditions of approval had been satisfied.
It remains only for Gorham and Old Homestead to be
conveyed to the Town to complete the compact made
in 1989.
I’ve become aware that
the Association has petitioned the Town and has encountered
some resistance to the idea of the Town’s assumption
of responsibility. I’m also aware that other
subdivisions have proposed Town acceptance of their
private roads (Workbench and Stone Fences come to
mind). The difference between these subdivisions and
St. John’s Peak can be found in the subdivision
maps and archives. It is only when the approval of
a subdivision plan is clearly contingent upon conveyance
of the roads (as it was also in the case of Saddle
Ridge) that acceptance is appropriate. When acceptance
of the roads is part of the original design and the
conditions imposed by the Town, then it becomes an
obligation.
If any of this brief discussion
of St. John’s Peak at Kent is of interest, or
if it raises questions that it doesn’t answer,
please feel free to call or use our contact page.
I’d be happy to continue the conversation.
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