Embedded in the service industry for over twenty years, Jonathan’s background of professional experience lies largely within the private sector of the Golf Industry. He earned his bachelor’s degree in Business Administration from Methodist University in Fayetteville, N.C. Born and raised in Wethersfield, he has lived on the CT shoreline for over ten years.

    Previously he had followed the seasonal pattern of the golf business, pursuing winter employment in North Carolina, California and Florida. Surrounded by boundless networking opportunities, golf has provided Jonathan with a larger vision of what he is capable of offering to a cohesive team of professionals, given the proper tools. Embracing this new environment has enabled him to access an untapped reservoir of competencies and carve out a niche role that allows him to contribute to the collaborative efforts of the Seaport Real Estate Team.

    Simply stated, a Mill Rate is the adjustable measure that calculates how much the tax man collects from you on an annual basis. The concept itself is easily understood.

    However, more insight is necessary to identify and understand the underlying, and often unforeseen market forces that can drive YOUR Mill Rate up or down, saving or costing you more money in taxes, depending upon where you choose to buy a home.

    Note that each town imposes a different mill rate depending upon that town's grand list and how much revenue they must generate to cover their yearly costs. 

    “A mill rate is equal to $1 in taxes for every $1,000 in assessed value. To calculate your tax based on your mill rate, divide your assessed value by 1,000 and multiply the…

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    So, you wanna buy a house….  It makes perfect sense. You’re pre-approved for financing, interest rates are at all-time lows, and everybody’s doing it. You’re tired of throwing rent money out the window and ready to start building equity in your own place. It is a great feeling when you realize you can finally buy your own home. Before you pull the trigger, let's make sure you’ve covered all the bases. 

    Once you have set out to purchase a home, the baseline of this entire process should be centered around where you wish to buy. Not just geographically, but financially. The three words commonly referred to when discussing real estate are location, location, location. This age-old adage explains why certain areas out-perform others, attract the most…

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    17 HANCOX ST – STONINGTON, CT

    Located within the Stonington Borough, this 15-unit apartment building boasts of long-term full occupancy attributed to its shoreline village atmosphere with direct proximity to local shops, restaurants, and recreational attractions within walking distance. 

    The property was placed under contract after being on the market for less than a week. With multiple offers submitted, a full price bid was secured and fortified with backup offers as well as further inquiries accrued over the span of the contract period until the date of closing.

    Demand for multi-family properties (4 units or more), appears to have spiked over time, fueling speculation that this very demand could be linked to the affordability of home prices…

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    Written by Jon Nelson

    THE REAL ESTATE CYCLE- Barring any special circumstances, every home, neighborhood, city, town and state is subject to the inevitable influence of the Real Estate Cycle. Independent of any external pressures, the stages of this ever-changing sequence have been the source of much unnecessary financial and economic strife and leave a permanent mark on homeowners and the municipalities they populate.

    If a certain locale is not growing, it may very well be declining. This is a dynamic pattern that can and will impact the indirect and sometimes unforeseeable consequences of consumers unknowingly purchasing ‘too much home’ for their budget. The ripple effects of this are far-reaching and can often accelerate the decline of a…

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