Town Council Begins Revaluation Updates With Sharp Jump in Home Values—and Worries About What Comes Next

Image
The town assessor cited four examples to the Town Council monday of price gains on Enfield homes since the last revaluation. This home showed the most dramatic increase. The jump may be due to strong demand for lower-priced homes, upgrades made between sales, or a combination of both. The Town Council plans to give regular public updates on the upcoming property revaluation. The first of those updates came last night with a look at how sharply residential property values have increased since the previous revaluation. Enfield is conducting a property revaluation as required by state law. The process will run through 2026, and residents will receive their new assessments in November of that year. Those assessments will apply to the FY28 budget, which takes effect in July 2027. Residential values in Enfield have risen significantly since the 2021 revaluation (See examples below). The concern for town officials is a potential tax shift: if commercial property values have not increased at t...
Post a Comment

Amazon Buys Bacon Road Site for $20 Million

 

Amazon stock art image available on its news media resources page


Amazon has purchased a Bacon Road site in Enfield approved for warehouse development, for $20 million, according to a town official. Public records confirm the sale.

The transaction took place on April 23. Lauren Whitten, Enfield’s director of planning, informed the Planning and Zoning Commission of the sale of 35 Bacon Rd., at its regular meeting on April 24.

"As far as we know, things are going to progress as they were approved," Whitten told commissioners during the meeting. (See PZC YouTube April 24 at approximately 2:58)

But it is not definitively clear how much land Amazon has acquired. Public records show “two parcels,” but do not specify whether the purchase covers the full 181-acre development area. Amazon and Winstanley Enterprises were not immediately available for comment.

The site is where Winstanley Enterprises had proposed an 819,000-square-foot distribution warehouse. Amazon purchased the land from WE Enfield Industrial LLC, a Winstanley affiliate, according to public records. Winstanley lists Amazon as a client on its website and has collaborated with the company on other projects.

The warehouse project was approved by the Planning and Zoning Commission in March 2022.

Amazon's specific plans for the property remain unknown. Amazon typically builds fulfillment centers, or warehouses. It also creates sortation centers where package orders are sorted for delivery, and fresh warehouses or distribution sites for groceries, among other uses.



Location: Enfield, CT 06082, USA