Milbank Court Condos in Greenwich, CT

Milbank Court Condos for Sale

Milbank Court has 17 units total. That is a small building by any measure, and small buildings in downtown Greenwich do not stay quiet for long. Turnover here is infrequent. When a unit does come to market, the window between listing and accepted offer tends to be short, particularly for the larger 3,000-square-foot configurations. Verified active listings change quickly and are not published here. If you are tracking availability at Milbank Court, contact The Engel Team directly — we monitor this building and can alert you before units hit the public feed.

Recently Sold at Milbank Court

MLS records show 12 sales at Milbank Court. Closed prices ranged from $1,625,000 to $2,150,000, with a median sale price of $1,950,000. Unit sizes across those sales ranged from 1,537 to 3,403 square feet, producing a median price per square foot of approximately $648. That figure reflects meaningful variation in unit size and configuration, so price per square foot should be applied carefully rather than used as a blunt instrument.

The cluster of sales in mid-2015 reflects a busy stretch of turnover that has not been repeated since. The more recent sales, from 2018 through early 2022, show prices holding and pushing above $2 million for the largest units. HOA fees recorded in those recent transactions ranged from $696 to $869 per month, well above the current estimated figure of $792 per month, so buyers should verify the current fee schedule directly with the association before budgeting.

About Milbank Court

Milbank Court is a 17-unit townhouse condominium community at 82 Elm Street in downtown Greenwich. Construction spanned 1997 to 2002, which places the building in the category of late-1990s and early-2000s construction that defines a specific tier of the Greenwich condo market. The location on Elm Street puts residents within walking distance of Greenwich Avenue, which is the commercial and social spine of downtown. For buyers who want downtown access without the upkeep of a single-family house, the address is genuinely useful, not just nominally convenient. At 17 units, the community is small enough that neighbors know each other and large enough to support a functioning association. That size dynamic affects everything from reserve funding to how quickly decisions get made when something needs attention.

Homes and Layouts at Milbank Court

Every unit at Milbank Court is a three-bedroom townhouse, with the exception of at least one two-bedroom configuration that appears in the sales record. The vertical townhouse format means buyers are moving between floors rather than living on a single level. Unit sizes recorded in MLS sales range from 1,537 to 3,403 square feet, which is a wider range than you typically see in a community this small. The larger end of that range, above 3,000 square feet, produces three-bath and five-bath configurations that function more like a house than a traditional condominium. The smaller units, below 2,000 square feet, are more compact but still carry three-bedroom counts in most cases. Parking is standard for the community. Buyers should confirm whether parking is deeded or assigned, and whether the specific unit has garage access, before making an offer.

What Buyers Need to Know

The HOA fee is currently estimated at $792 per month. Given that recent sales recorded fees ranging from $696 to $869 depending on unit, buyers should treat that figure as a reference point and request the current fee schedule from the association directly. The current estimated annual property tax is $13,454, though the sales table shows that larger units have carried taxes as high as $16,994 per year. Greenwich applies a tax rate of 12.04 mills, so the exact tax burden depends on the assessed value of the specific unit being purchased.

Because Milbank Court was built in two phases between 1997 and 2002, buyers should request a reserve study to understand what the association has set aside for capital expenditures. Buildings in this age range are typically approaching or past the point of major mechanical and envelope replacements, including roofing, HVAC systems, and exterior cladding. A reserve shortfall here can produce a special assessment. Ask for the most recent reserve study and the last three years of meeting minutes before proceeding.

Renovation variation between units is real. Units that have not been updated since original construction will present differently from those that have been refreshed in the last five years. The price-per-square-foot range in the sales history, $648 at the median but with meaningful spread across individual sales, reflects condition differences as much as size differences. Condition matters at this price point. Inspect carefully and compare against the specific unit’s renovation history before making a pricing judgment.

Resale value at Milbank Court has been consistent over the recorded sales history. The location on Elm Street, the downtown walkability, and the three-bedroom townhouse format all support the resale case. That said, buyers should review the full resale package, including the condominium declaration, bylaws, and any pending litigation, before closing. This is standard due diligence for any condominium purchase in Connecticut, and Milbank Court is no exception.

Rental rules, pet policy, and owner-occupancy ratio should all be verified with the association directly, as this data is not available in the public record. A high investor-to-owner ratio can affect financing terms for some loan types, so confirm the current owner-occupancy percentage before assuming conventional financing will be straightforward.

Buying or Selling at Milbank Court

With only 17 units and infrequent turnover, pricing a unit at Milbank Court requires more than a quick comp pull. The sales history spans several years and a wide size range, which means the comparables need to be read carefully against condition, configuration, and the specific unit’s renovation level. The Engel Team has experience valuing Greenwich properties across building types and price ranges. If you are buying, we can help you interpret the sales history, benchmark the asking price against the per-square-foot record, and monitor for off-market opportunities before units reach public listings. If you are selling, we can position your unit against the documented sale range and advise on preparation steps that affect where in the $1,625,000-to-$2,150,000 range your unit lands. Contact The Engel Team to discuss Milbank Court specifically.

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