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Median home prices rise in Town of Washington

Median home prices rise in Town of Washington

This two story garage building built in 1967 on Route 44 on one acre was sold privately by Audia Realty for $350,000. At the time of sale it had an appraised fair market value of $277,700 for property tax purposes.

Photo by Christine Bates

MILLBROOK — In September and October there were ten property transfers in the Town of Washington including two homes over $1 million and three under, three parcels of vacant land, a commercial building on Route 44 which sold off market, and a property on 18.9 acres with multiple residences sold after foreclosure by M&T Bank for $900,000.

The median price of a single family residence hit an all-time high of $785,000 in February of 2023 and hovered below $500,000 in August; however, median home prices have started to climb again, reaching $609,000 in October.

The Town of Washington’s real estate market, where the 2,079 acre Hitchcock Estate remains for sale at $65 million, has six other properties listed for over $5 million. Currently there are 36 single family homes listed for sale, including six under $500,000 and 20 over $1 million. There are seven rental units available including four for less than $3,000 a month.

September Transfers

Hibernia Road (Parcel # 715086) — 5.39 acres of land sold for $185,000.

3707 Route 44 — Commercial building classified as an auto dealership on 1 acre sold for $350,000 in a private sale.

296-302 Stanford Road — 18.92 acres with multiple residences including a 4,253 square foot main house was sold by M&T Bank after foreclosure for $900,000.

339 Mabbettsville Road — Temple Farm, an estate on 141.66 acres was sold for $6.9 million.
October Transfers

521 Hibernia Road — 3 bedroom/2 bath home in Salt Point on 5.38 acres sold for $910,000.

53 Shanks Road — 3 bedroom/2 bath ranch style home on 4.11 acres sold for $335,000.

78 South Road — 4 bedroom/2.5 bath historic home built in 1776 on 21.05 acres sold for $1,715,000.

377 Valley Farm Road — 3 bedroom/1 bath home with barn on 20.28 acres sold for $920,000.

123 Milewood Road — 5 acre parcel of vacant land sold off market for $160,000.

Route 82 (Parcel #350789) — 5.17 acre rural vacant lot sold off-market for $130,000.

* Town of Washington real estate sales recorded between Sept. 1, 2024, and Oct. 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.

Christine Bates

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