Silvermine Norwalk CT
- Address: 3 Seir Hill, Norwalk, CT
- Total Units: 39
- Year Built: 1982
- Bedrooms: 1, 2
- Building Style: Mid-rise
- HOA Fee: $391/month (typical)
- Property Tax: $4,537/year (typical)
- Verified Sale Price Range: $160,000 to $1,565,000
Silvermine Condos for Sale
Silvermine is a 39-unit mid-rise condominium complex on Seir Hill in Norwalk, CT. With fewer than 40 units in the building, turnover here is naturally limited. Most years see only one or two sales, which means when a unit becomes available, buyers who are not already watching the market tend to miss it. No active listings are verified at the time of this writing. Availability changes quickly in a complex this size. If you are tracking Norwalk CT condos in this price range, the right move is to get on a notification list rather than wait for a listing to appear in your search results. Contact The Engel Team for off-market monitoring and current availability.
Recently Sold at Silvermine
MLS records show five sales at Silvermine, with closed prices ranging from $160,000 to $1,565,000. The median sale price across those transactions was $300,000, and unit sizes ranged from 808 to 3,874 square feet. The median price per square foot came in at approximately $274.
| Unit | Date | Price | Bed/Bath | SqFt | HOA/mo | Tax/yr |
|---|---|---|---|---|---|---|
| APT D4 | 11/26/2024 | $300,000 | 2/1 | 1,093 | $400 | $4,606 |
| 3 | 04/08/2024 | $1,565,000 | 4/4 | 3,874 | $600 | $18,540 |
| F3 | 01/03/2024 | $299,000 | 2/1 | 862 | $322 | $3,502 |
| D1 | 11/23/2020 | $160,000 | 1/1 | 808 | $382 | $3,068 |
| G1 | 06/22/2016 | $313,000 | 2/2 | 1,305 | N/A | $4,537 |
A few things stand out in that data. The $1,565,000 sale in April 2024 was a four-bedroom, four-bath unit at 3,874 square feet — an outlier in both size and price relative to the other units in this building. Buyers using that transaction as a comparable for a standard one- or two-bedroom unit should not. The more representative range for the 1-bed and 2-bed units falls between $160,000 and $313,000. HOA fees across the recorded sales ran from $322 to $400 per month for the smaller units, which tracks with the complex’s stated $391/month baseline. With only five recorded sales in the MLS history for this complex, pricing any unit at Silvermine requires careful selection of comparables. A thin sale history makes both buyers and sellers more vulnerable to mispricing.
About Silvermine
Silvermine is a mid-rise condominium complex located at 3 Seir Hill in Norwalk, CT, built in 1982. The building contains 39 units, a scale that keeps the association manageable but also means a small number of owners carry a proportionally larger share of any reserve or maintenance obligations. The Silvermine neighborhood sits in the western portion of Norwalk, bordering New Canaan and Wilton, and the Seir Hill address reflects that positioning. It is not a downtown Norwalk building and it is not a waterfront building. The setting is residential and relatively quiet, distinct from the South Norwalk and harbor-area condominium market. Buyers looking at the broader Norwalk CT real estate market will find that Silvermine occupies a specific niche: a small, older mid-rise in a low-density western neighborhood, priced well below the town median of $660,000 for most unit types.
Homes and Layouts at Silvermine
Silvermine offers one-bedroom and two-bedroom units in a ranch-style configuration within a mid-rise structure. The MLS sales record confirms unit sizes ranging from 808 square feet for a one-bedroom, one-bath unit up to 1,305 square feet for a two-bedroom, two-bath layout. The $1,565,000 sale at 3,874 square feet is a significant outlier and likely represents a combined or expanded unit that does not reflect the standard floor plan available in this building. Buyers should confirm exact square footage, layout, parking arrangement, and any outdoor space directly with the listing or the association. At 39 total units in a building constructed in 1982, there may be meaningful variation in finishes and condition between units depending on how much individual owners have invested in updates over the past four decades.
What Buyers Need to Know
The baseline HOA fee at Silvermine is $391 per month, though the recorded sales show fees ranging from $322 to $400 depending on the unit, suggesting the fee may be tied to unit size or has been adjusted over time. Buyers should request the current fee schedule, the most recent reserve study, and the last two years of association meeting minutes before making an offer. A building constructed in 1982 is now over 40 years old. Roof, mechanical systems, elevators, and common area infrastructure all have finite lifespans. The reserve fund balance matters significantly here. If the association has deferred maintenance or carries a thin reserve, a special assessment is a real possibility. Ask specifically whether any assessments have been levied in the past five years and whether any are currently planned.
Property taxes on the recorded units ranged from $3,068 to $4,606 per year for the standard one- and two-bedroom units, with the $18,540 tax figure belonging exclusively to the large outlier unit. Buyers financing a purchase at Silvermine should model their carrying costs using the verified HOA fee plus the tax figure for the specific unit they are purchasing, not the outlier.
Rental rules, pet policy, and owner-occupancy ratio all affect both day-to-day living and long-term resale potential. Lenders financing condominium purchases are required to review these figures, and a low owner-occupancy rate can restrict financing options for buyers seeking conventional loans. Verify these details directly with the association or its management company before going to contract. The resale package for any unit at Silvermine should include the current budget, reserve study, bylaws, rules and regulations, and any pending litigation. Review all of it. In a 39-unit building with a limited sales history, the resale comps are thin enough that condition and association health become outsized factors in determining value.
Buying or Selling at Silvermine
If you are buying at Silvermine, the challenge is straightforward: there are very few sales to work from, and the wide price range in the MLS record — $160,000 to $1,565,000 — tells you almost nothing without understanding what drove each transaction. Getting the valuation right requires pulling the right comps from both inside the building and from comparable mid-rise condominium properties elsewhere in Norwalk. That is the kind of analysis The Engel Team does before advising on an offer, not after.
If you are selling a unit at Silvermine, the thin comp history cuts both ways. A buyer’s agent who does not know the building will anchor to the lowest recorded sale. A seller who understands which transactions are relevant and which are outliers is in a stronger negotiating position. The Engel Team can provide a current valuation based on verified sales data, current Norwalk market conditions, and unit-specific factors including square footage, condition, floor, and HOA fee. Norwalk’s broader market saw median sale prices decline 6.9% in the first half of 2025, with inventory down roughly 10% year over year. That context matters when setting a list price. Contact The Engel Team to discuss your unit and current market positioning.
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