The Elm Condos for Sale

The Elm is a 24-unit condominium community on Main Street in Stratford, and units here do not come up often. With only one confirmed MLS sale in the available data window, this is a low-turnover building. Buyers waiting for a unit to appear publicly may be waiting a long time. That kind of quiet market means motivated buyers should be positioned before a listing appears, not after. If you are tracking availability at The Elm, contact The Engel Team for current Stratford listings and off-market monitoring specific to this building.

Recently Sold at The Elm

MLS records show one confirmed sale at The Elm. Unit A1 closed on November 30, 2018 at $69,900. The unit was a 1-bedroom, 1-bathroom flat at 567 square feet, putting the price per square foot at approximately $123. That is well below the Stratford-wide median of $427,500 across all property types, which reflects both the unit size and the building’s 1971 vintage.

One sale is a thin data set for buyers trying to establish current market value. Pricing at The Elm is not straightforward from comps alone. Any buyer or seller here should pull a broader analysis of comparable 1-bedroom condominiums in Stratford to triangulate value more reliably. The Engel Team can run that analysis before you make an offer or set a list price.

Unit	Date	Price	Bed/Bath	SqFt	HOA/mo	Tax/yr
A1	11/30/2018	$69,900	1/1	567	$277	$1,634

About The Elm

The Elm sits at 1168 Main Street in Stratford, a location that puts residents on one of the town’s primary corridors with access to local retail, transit, and services. The building was constructed in 1971 and contains 24 units, which places it in the smaller-scale category for Stratford condominiums. Small associations like this one have a particular character: fewer neighbors, fewer shared amenity costs, but also a smaller reserve pool and limited cushion for major capital expenditures.

The building is designed in a townhouse style with ranch-influenced layouts, meaning units are horizontal rather than stacked in a traditional mid-rise configuration. The building includes elevator access, which is notable for a 1971 construction and matters significantly for buyers thinking about long-term accessibility. The community offers standard amenities. This is not a luxury condominium complex. It is a practical, modestly priced building in a real Stratford neighborhood, and buyers should evaluate it on exactly those terms.

Homes and Layouts at The Elm

Units at The Elm are 1-bedroom, 1-bathroom configurations. The one confirmed MLS sale recorded 567 square feet, which is compact even by condominium standards. The ranch-style, townhouse-format layout means these are single-level homes, which reduces interior stairs and suits buyers looking for a low-maintenance, easy-access unit.

At 567 square feet, storage and layout efficiency matter. Buyers should walk the unit carefully and assess closet space, kitchen configuration, and whether the square footage works for their actual furniture and daily habits. Parking is part of the community layout, and buyers should confirm the number of assigned spaces and guest parking availability directly with the association before committing. Outdoor space specifics should be verified unit by unit, as townhouse-style buildings can vary considerably in what is deeded versus what is common area.

What Buyers Need to Know

The HOA fee at The Elm is $277 per month. For a unit in this price range, that fee represents a meaningful percentage of total monthly carrying cost and should be factored directly into your financing calculations. Property taxes on the one verified sale ran $1,634 per year, which is low in absolute terms and reflects the assessed value of a small, older unit rather than a premium property.

Because The Elm was built in 1971, reserve fund health is a critical due diligence item. Older buildings carry higher risk of deferred maintenance on building systems, including roofing, common area utilities, elevators, and exterior structure. Before closing on any unit here, request the association’s most recent reserve study, the current reserve fund balance, and a full accounting of any special assessments levied in the past five years. A well-funded reserve is the difference between a stable monthly cost and an unexpected four-figure assessment letter arriving six months after you close.

With only 24 units in the association, any major capital project gets spread across a small base. That limits the association’s financial flexibility. It also means that if several units are rented rather than owner-occupied, the financial dynamics of the association can shift quickly. Confirm the current owner-occupancy ratio, as this affects both association governance and your mortgage options. Many conventional and FHA loan programs have minimum owner-occupancy thresholds that a small building like this could fall short of.

Renovation variation between units is likely given the building’s age. Some units may have been updated; others may still carry original 1971 finishes. This creates real price variation that is hard to read from a single comp. Ask for a full disclosure of any improvements made by the current owner, and verify whether any renovations were permitted. Unpermitted work in a condominium can create resale complications that are far easier to catch before purchase than after.

Request the full resale package from the seller before removing your inspection contingency. The resale package should include the current budget, meeting minutes from the past two years, the master insurance policy, and the declaration and bylaws. Pay particular attention to pet policies and rental restrictions if either applies to your situation. These rules vary by association and are not always prominently disclosed in listing materials.

Buying or Selling at The Elm

Pricing a unit at The Elm accurately requires more than pulling the one available comp. The Engel Team works the Stratford condo market actively and can build a comparative analysis that accounts for unit condition, HOA financial health, and the current buyer pool for 1-bedroom condominiums in this price range. That analysis is what separates a defensible list price from one that sits or one that leaves money on the table.

For buyers, thin transaction history at The Elm is not a reason to walk away, but it is a reason to be precise. An offer based on a single 2018 sale is a guess. An offer based on a full market analysis of comparable Stratford condominiums is a strategy. If you are tracking this building or want to know the moment a unit becomes available, reach out to The Engel Team directly. Off-market awareness in a low-turnover building like this one can be the only edge a buyer has.

MLS via SmartMLS.

Schools: Stratford Public Schools.

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