Stone Wood Condos in Norwalk, CT

Stone Wood Condos for Sale

Stone Wood is a 54-unit condominium building at 100 Richards Avenue in Norwalk. Turnover here runs slow. MLS data shows only 10 recorded sales across several years, which tells you something useful: once buyers get in, they tend to stay. The broader Norwalk CT condo market has softened recently, with inventory contracting and buyer activity pulling back over the past six months. That shift can work in a buyer’s favor at a building like Stone Wood, where pricing has historically moved with broader market momentum. Active availability changes quickly and is not always reflected in public search portals. Contact The Engel Team directly for current inventory and any off-market units at Stone Wood before they appear publicly.

Recently Sold at Stone Wood

Ten MLS-verified sales give a solid read on this building. Closed prices ranged from $277,900 to $504,000. The median sale price across those ten transactions was $380,500. Unit sizes ran from 1,100 to 1,272 square feet, and the median price per square foot came in at approximately $328/SF. Nearly all verified sales were 2-bedroom, 2-bathroom units. The lone 1-bedroom sale, Unit 402 in March 2017, closed at $277,900 for 1,100 square feet.

The most recent pair of closings came in early 2023: Unit 102, a 1,272 SF two-bedroom, closed at $418,000 in February; Unit 201, a 1,206 SF two-bedroom, closed at $395,000 in January. The high-water mark was Unit 404 in May 2022 at $504,000 for 1,268 square feet. That same unit had sold in October 2021 for $455,000, a $49,000 gain in roughly seven months during the peak of the pandemic-era market. Sales from 2019 and earlier sat in the $277,900 to $366,000 range, showing the clear run-up between 2019 and 2022.

About Stone Wood

Stone Wood sits at 100 Richards Avenue in Norwalk, a location with direct access to I-95 and the Metro North rail line. That combination matters for buyers who commute into New York City or move between Connecticut cities on a regular basis. The building spans 54 units constructed between 1998 and 2019, giving it an unusual range for a single condominium complex. Units built across that span will vary in finish quality and mechanical age, which is worth flagging during due diligence. The building operates with elevator access and includes a fitness center, garage parking, and an adjacent park. Interior finishes include granite countertops and stainless steel kitchen appointments in updated units. The structure reads as mid-rise in character, positioned as an accessible price point relative to the broader Norwalk CT real estate market, where the town-wide median across all property types sits at $660,000.

Homes and Layouts at Stone Wood

The verified unit mix at Stone Wood is predominantly 2-bedroom, 2-bathroom flats. Nine of the ten MLS-recorded sales were 2/2 configurations. The single 1-bedroom, 1-bathroom unit that traded was 1,100 square feet, identical in size to the smaller 2/2 footprint, which suggests a layout conversion or original design variation. Square footage across all verified sales ran from 1,100 to 1,272 square feet. The ranch-style floor plan places all living space on a single level, which appeals to buyers who want to avoid stairs and to downsizers who need accessible layouts. Garage parking is included, which is not a given at Norwalk condo buildings in this price range. Outdoor space specific to individual units is not confirmed in MLS data; buyers should verify balcony or terrace access on a unit-by-unit basis before making an offer.

What Buyers Need to Know

HOA fees at Stone Wood have run between $383 and $481 per month across verified sales, with the most recent closings showing fees in the $471–$481 range. The baseline HOA figure is $471/month. Property taxes have ranged from $3,016 to $6,236 annually, with the wide spread reflecting both unit differences and the evolution of Norwalk’s mill rate over time. Current tax estimates should be pulled directly from the city assessor before any offer is written.

Buyers should request the full resale package before going under contract. The resale package should include the current reserve fund balance, meeting minutes from the past two years, any pending or recently completed special assessments, and the master insurance policy. Given that units in this building were constructed across a 21-year span, reserve adequacy deserves specific attention. Older units will carry older mechanical systems, and the reserve fund should reflect that reality. Ask whether the association has completed a reserve study recently and what the funding ratio shows.

Rental and pet policies vary by condominium association and are not always posted publicly. Verify both directly with the management company. The owner-occupancy ratio affects financing terms for buyers using conventional loans with less than 25 percent down, so confirm the current ratio before locking in financing. Buyers should also verify whether any units are currently in litigation with the association, which can affect loan approval at the building level.

From a resale standpoint, Stone Wood’s performance between 2019 and 2022 was strong. Unit 404 demonstrated a $136,000 appreciation over roughly five years. The question for current buyers is whether those peak-cycle prices are sustainable as the Norwalk condo market adjusts. Resale value here will depend heavily on unit condition, floor level, and how the building’s reserve position develops over the next few years.

Buying or Selling at Stone Wood

Stone Wood trades infrequently. That means pricing a unit correctly, whether you are buying or selling, requires granular knowledge of the building’s sales history and a clear read on where the Norwalk condo market is heading. With Norwalk’s broader inventory contracting and prices showing softness over the past six months, the margin for pricing error is narrower than it was in 2021 and 2022.

The Engel Team tracks Stone Wood sales directly and can provide a unit-specific valuation for sellers or a competitive offer framework for buyers. If you are monitoring the building for availability, we can flag units before they hit public portals. Browse current Norwalk homes for sale to understand the full scope of what is moving in this market, or contact us directly to discuss Stone Wood specifically. For sellers, we will review comparable sales within the building and position your unit based on actual closed data, not aspirational pricing from the 2022 peak.

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