Putnam Hill Condos in Greenwich, CT

Putnam Hill Condos for Sale

Putnam Hill does not have a line of buyers waiting outside. It has a short list of buyers who know it, watch it, and move when a unit appears. With 195 units across a gated mid-rise complex built between 1950 and 1962, turnover is steady but not fast. The MLS shows 47 recorded sales over an extended period, which averages out to a handful per year in a building this size. Buyers who wait for Putnam Hill to come to them tend to miss the right unit. Availability changes quickly, and the gap between floors, layouts, and condition is significant enough that not every unit that comes to market is worth the same price. To get current availability and off-market intelligence at Putnam Hill, contact The Engel Team’s Greenwich condo specialists directly.

Recently Sold at Putnam Hill

The MLS shows 47 sales at Putnam Hill. Closed prices ranged from $257,500 to $1,205,000. The median sale price across all recorded transactions is $585,000. Unit sizes ran from 930 to 2,565 square feet, with a median price per square foot of approximately $454.

The most recent sales tell a clearer story about where the market has moved. In February 2026, unit 3G, a 3-bedroom/2-bath at 1,560 square feet, closed at $1,205,000 with an HOA of $1,938/month. In April 2026, a 2-bedroom/2-bath at 1,581 square feet closed at $1,052,000. In January 2026, unit 1C, a 2-bedroom/2-bath at 1,300 square feet, sold for $729,000 with an HOA of $1,442/month. In October 2025, unit 1K, a 1-bedroom/1-bath at 985 square feet, sold for $450,500.

Going back further, a 4-bedroom/3-bath combined unit (4F and 4G, totaling 2,565 square feet) sold for $1,000,000 in May 2021. A 4-bedroom/2-bath at 1,789 square feet sold for $807,500 in March 2023. The price range across unit types is wide enough that buyers comparing a one-bedroom to a combined three-bedroom are effectively looking at two different markets within the same building.

About Putnam Hill

Putnam Hill is a 195-unit gated condominium complex at 4 Putnam Hill in Greenwich, CT. Construction ran from 1950 to 1962, which places it among the older mid-rise residential buildings in Greenwich and gives it a footprint and character that newer developments do not replicate. The complex sits in central Greenwich, which means residents are close to the amenities of downtown without being in the middle of it. The gated setting distinguishes it from open condominium communities in the area, and the scale, 195 units across multiple buildings, gives it the depth of a real community rather than a boutique conversion. For buyers who want a condominium address in Greenwich proper without the limitations of a smaller building, Putnam Hill offers genuine size and established history. Buyers interested in the broader Greenwich real estate market will find that Putnam Hill’s price-per-square-foot compares favorably to newer construction in town.

Homes and Layouts at Putnam Hill

Unit configurations at Putnam Hill range from 1-bedroom/1-bath flats to 4-bedroom units, including combined layouts that merge adjacent units. The MLS data confirms unit sizes from 930 to 2,565 square feet. The 985-square-foot 1-bedroom units represent the entry point and have traded between $257,500 and $575,000 depending on floor, condition, and year. Two-bedroom units occupy the widest range, from roughly 1,060 to 1,300 square feet. Three-bedroom units cluster around 1,560 to 1,580 square feet and have consistently been the most active segment by volume and by price. The combined 4-bedroom unit at 2,565 square feet, formed by merging two adjacent units, closed at $1,000,000 and represents the upper limit of what the floor plan inventory can offer. Not all unit types are available at the same time, and floor level, building exposure, and renovation condition drive meaningful price differences within the same bedroom count.

What Buyers Need to Know

HOA fees at Putnam Hill vary significantly by unit. The MLS data shows monthly fees ranging from $556 to $2,080, with most units falling between $890 and $1,961 per month. Buyers should request the current fee schedule directly from the association, as fees on older units in the MLS may not reflect the current rate. Because the buildings were constructed between 1950 and 1962, reserve fund adequacy and assessment history are the two most important documents to review before making an offer. A building of this age and size requires ongoing capital expenditure for systems, common areas, and structure. Ask for the most recent reserve study and the last three years of association meeting minutes. Any pending or recently completed special assessments should be disclosed and verified.

Property tax data in the MLS history is inconsistent across units. Greenwich’s tax rate is 12.04 mills. Buyers should verify the current assessment and tax bill for each specific unit through the Greenwich Assessor’s office, not through MLS history, which shows $0 on the majority of sales records.

Renovation variation between units at Putnam Hill is real. Some units have been updated significantly; others retain original finishes. Price-per-square-foot comparisons between a renovated and unrenovated unit in the same tier will not be equivalent. Buyers should account for renovation cost in their offer analysis, not assume cosmetic price parity with recently updated comps.

Resale potential at Putnam Hill is supported by the consistent MLS activity and the range of buyers the complex attracts across price points. Resale value depends heavily on floor, condition, and unit size. The top of the market, three-bedroom units above $1,000,000, is small. The most liquid segment is two-bedroom units in the $650,000 to $850,000 range. Buyers planning a resale within five years should be realistic about which segment they are entering and what the exit looks like. Rental rules, pet policy, and owner-occupancy ratio should be confirmed with the association before closing. These details are not consistently available in MLS records and must be verified through the resale package provided by the association.

Buying or Selling at Putnam Hill

Putnam Hill has enough sales history to price with precision, but not enough current turnover to assume that any comp is current. The gap between a renovated 3-bedroom and an unrenovated 2-bedroom asking a similar price is the kind of nuance that requires someone who knows the building. The Engel Team tracks Greenwich listings across all price points and can provide a current valuation for any unit at Putnam Hill, whether you are buying or preparing to list. For sellers, pricing a unit correctly in a building with this much internal variation is not a matter of applying a median to your square footage. For buyers, knowing which units have been assessed, updated, or had prior issues requires more than a search on a public portal. Contact The Engel Team for off-market monitoring, accurate valuation, and representation specific to Putnam Hill.

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