Silo Ridge sale revenues exceed assessed value by 69% in October

Silo Ridge sale revenues exceed assessed value by 69% in October

Located in the Troutbeck community, 25 Green Road — built in 1985 — has 2,812 square feet on 2.67 acres and was sold for $880,000 on Oct. 17, 2024.

Photo by Christine Bates

AMENIA — October was a busy month for Amenia with ten transfers; three in Silo Ridge and seven outside the club. Town of Amenia prices remain modest with a median sale price of $320,000. A comparison of property tax assessments versus sales prices in October is revealing while the courts, lawyers, town and owners continue to litigate the level of assessments in Silo Ridge. The total assessed value of all seven town properties transferred in October was $2.7 million, 14% over their combined assessed value. In contrast the sales total of only three properties transferred in Silo Ridge totaled $13.7 million — 69% over their assessed value. Resales are now happening in Silo Ridge with handsome returns over the previous price paid as noted below.

In early December there were 18 single family homes for sale in Amenia including seven over $1 million and six under $400,000.

Silo Ridge Transfers

307 Pheasant Run — 2 bedroom/2.5 bath townhouse sold in November 2020 for $2,208,800 and resold in October 2024 for $3.1 million.

24 Snowy Owl Court — 3 bedroom/3 full bath/2 half bath sold in March 2021 for $2.29 million and resold in October for $5.25 million.

413 Pheasant Run, Unit 2C — 4 bedroom/4.5 bath town house sold in October 2019 for $3,514,000 and resold in October 2024 for $5.3 million.

Town of Amenia Transfers

35 Lower Powder Road — 1.43 acre vacant lot sold privately for $105,000.

83 Cascade Road — 2 bedroom/1.5 bath saltbox home on .34 acres sold for $285,000.

81 Kent Road — 3 bedroom/1.5 bath home sold for $315,000.

50 Railroad Ave. — 2 bedroom/1.5 bath cottage sold for $320,000, the median price for single family home transfers in the month of October.

34 Cascade Road — 18 acres of land sold for $368,000.

42 Bog Hollow Road — 3 bedroom/2 bath home sold for $462,500.

25 Green Road — 3 bedroom/3 bath home on 2.67 acres sold for $880,000.

Latest News

Voters approve Webutuck school budget, vehicle purchases

Voters also passed a resolution to purchase two new 72-passenger school buses.

Photo By Aly Morrissey

AMENIA — Webutuck Central School District voters approved a 2026-27 budget on Tuesday, May 19, that triggers the district's first property tax increase in over five years.

The approved spending plan locks in a 1.35% increase to the tax levy. Under the new rate, property taxes will sit at approximately $8.77 per $1,000 of assessed home valuation. According to Webutuck Business Administrator Robert Farrier, a homeowner with a property valued at $200,000 can expect a total school tax bill of about $2,036 for the upcoming year.

Keep ReadingShow less
Pine Plains Central School District budget fails in vote

Stissing Mountain High School in Pine Plains.

Photo by Graham Corrigan

PINE PLAINS — Voters in Pine Plains rejected the school district’s proposed budget Tuesday, May 19.

While the measure achieved a majority — the final count was 458-432 in favor — it failed to reach the 60% supermajority necessary after the district’s budget pierced the state tax cap.

Keep ReadingShow less
Voters approve Millbrook CSD budget in 391-221 vote
Administrators balanced Millbrook Central School District’s budget with staffing and program cuts after insufficient revenue and ballooning health insurance costs caused a deficit of about $1 million.
Photo By Graham Corrigan

MILLBROOK — Millbrook Central School District had its proposed budget ratified Tuesday, May 19.

Residents voted 391-221 in favor of the $37,992,751 plan. It’s a year-over-year increase of 6.57%, and the tax levy will rise at a rate of 7.02%.

Keep ReadingShow less
google preferred source

Want more of our stories on Google? Click here to make us a Preferred Source.

Cannabis dispensary faces uncertain timeline as grower navigates OCM red tape

Wassaic-based cannabis grower Douglas Broughton in his basement greenhouse at his home on Old Route 22 on Sunday, May 17.

Photo By Nathan Miller

MILLERTON — A cannabis dispensary planned for Main Street is facing lengthy delays that the Wassaic-based grower behind the project attributed to bureaucracy at the Office of Cannabis Management.

Doug Broughton, who operates a commercial cannabis farm at his home on Old Route 22 in Wassaic, plans to open a retail wing of his licensed cannabis microbusiness at 32 Main St. in downtown Millerton. Broughton first announced the plans earlier this year, targeting March and April openings that were later pushed back

Keep ReadingShow less
Millbrook Winery plans upgrades, 
ends bring-your-own seating policy

Millbrook Vineyards & Winery’s winemaker Ian Bearup surveys ongoing landscaping work from the wedding loft on Monday, May 18.

Photo By Graham Corrigan

MILLBROOK — The owners of Millbrook Vineyards & Winery are changing how visitors may use their property, ending a longtime policy that allowed guests to bring their own food, beverages and lawn chairs onto the vineyard grounds.

The changes come as the winery introduces new seating areas, expanded food offerings and updated visitor accommodations ahead of the summer season.

Keep ReadingShow less
Washington officials eye improvements to town pool

The Washington town pool in the hamlet of Mabbetsville along Route 44 sits ready for the start of the 2026 season.

Photo By Graham Corrigan

MILLBROOK — Members of the Washington Town Board are calling for upgrades to the town’s recreation area in Mabbetsville along Route 44, saying the park’s roughly 80-year-old pool is outdated and increasingly difficult to maintain.

Former Washington Councilmember Mike Murphy presented a new report to the Town Board during its regular meeting on Wednesday, May 13, detailing the needed updates to the park.

Keep ReadingShow less
google preferred source

Want more of our stories on Google? Click here to make us a Preferred Source.

google preferred source

Want more of our stories on Google? Click here to make us a Preferred Source.