real estate

August real estate transfers in Millbrook and Town of Washington

August real estate transfers in Millbrook and Town of Washington

Storied Migdale Castle, built by Andrew Carnegie’s only child, was sold by the Wildenstein family at auction in London for nearly $10.8 million. Currently the property is assessed at $19.2 million.

Photo courtesy of Heather Croner Sotheby’s International Real Estate

MILLBROOK — Real estate transfers in August of property in the Village of Millbrook and Town of Washington illustrate why average price should be disregarded when evaluating pricing results. Two residential sales in the Town were recorded over $10 million and four below one million resulting in an average selling price of $4.2 million for a house in Washington. A closer look shows that three properties were sold for less than $500,000, a much truer picture of the housing market.

The bifurcation of the Washington/Millbrook market between estates and houses for everyone else continues to be apparent in properties listed for sale. The 25 currently active single family residential listings include the most expensive property ever listed in Dutchess County, the $65 million dollar Hitchcock estate with 2,079 acres and three other estates over $10 million dollars while there are just ten homes listed for less than a million dollars including three under $500,000.

August Transfers

32 Alden Terrace — 2 bedroom/2 bath townhouse with 1,202 square feet sold for $340,000 which was the only property transfer recorded in the Village of Millbrook in August.

162 Horseshoe Lane — 3 bedroom/2 bath split level on .87 acres sold for $425,600.

83 County House Road — 3 bedroom/1.5 bath restored cape on 1 acre sold for $400,000.

3877-3874 Route 44 — Three residential buildings at Migdale Castle with a total of 14 bedrooms and 13 bathrooms on 198 acres sold at auction for $10.796 million including the buyer’s premium and other charges.

115-123 Fraleigh Hill Road — Four residential buildings with a total of 13 bedrooms/13 bathrooms on 145 acres sold for $12.4 million. The parcel is assessed at nearly $6.7 million.

296-302 Stanford Road — 5 bedroom/6 bath on 18.8 acres sold for $811,974 to M&T Bank.

215 Mabbettsville Road — Commercial property with 4,717 square feet on 10 acres sold for $800,000.

*Town of Washington and Village of Millbrook real estate sales recorded between August 1, 2024, and August 31, 2024, sourced from Dutchess County Real Property Tax Service Agency. Information on active listings taken from First Key MLS which may understate available properties. Parcel numbers refer to parcel designation by Dutchess County and may be accessed on Dutchess Parcel Access. Only transfers with consideration are included. Compiled by Christine Bates, Real Estate Advisor with William Pitt Sotheby’s International Realty, Licensed in CT and NY.

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