Spring Ridge Is a Small Complex With a Real Sales Record

Spring Ridge is a three-unit townhouse condominium community at 5 Spring Ridge in Danbury, CT, built in 2002. Six MLS sales have closed here since 2019, ranging from $395,000 to $625,000, with a median sale price of $479,000 across units running from 2,493 to 4,017 square feet. That puts the median price per square foot at roughly $160. For buyers tracking the broader Danbury CT real estate market, where the town-wide median across all property types sits at $512,500, Spring Ridge has historically offered a competitive entry into four-bedroom townhouse living. The most recent sale, Unit 5 in July 2024, closed at $625,000, the highest price in the complex’s recorded history and a signal that values here have moved meaningfully upward over the past five years.

Spring Ridge Condos for Sale

With only three units in the complex, availability at Spring Ridge is genuinely limited. Turnover depends on individual owners, not a large pool of rotating inventory, and units do not come to market on a predictable schedule. If you are watching Danbury CT condos at this price point and size, Spring Ridge requires active monitoring rather than a casual search. Contact The Engel Team directly to be notified the moment a unit becomes available, including any off-market opportunities that never reach public listing status.

Recently Sold at Spring Ridge

MLS data shows six recorded sales at Spring Ridge between June 2019 and July 2024. Prices moved from $395,000 at the low end in late 2020 to $625,000 at the top in mid-2024. All six sales involved four-bedroom units. Bath counts varied between three and four. Square footage ranged from 2,493 to 4,017 square feet, a meaningful spread for a three-unit complex, suggesting that individual units differ in finished space, layout, or potentially finished lower levels contributing to the upper end of that range.

The table below reflects the full MLS sales history available for this complex:

Unit	Date	Price	Bed/Bath	SqFt	HOA/mo	Tax/yr
5	07/25/2024	$625,000	4/3	2,493	$410	$8,698
2	09/07/2022	$555,000	4/3	2,493	$385	$5,771
2	05/28/2021	$508,000	4/4	4,017	$385	$6,696
8	11/25/2020	$395,000	4/4	2,684	$385	$6,837
10	07/24/2020	$429,000	4/3	2,493	$385	$5,636
12	06/11/2019	$450,000	4/3	3,715	$375	$6,768

One detail worth noting: Unit 2 appears twice in the record, having sold in both May 2021 and September 2022. The 2021 sale recorded 4,017 square feet at $508,000; the 2022 sale of the same unit recorded 2,493 square feet at $555,000. Buyers should clarify with the listing agent how square footage is being measured and whether finished lower-level space is included or excluded depending on the sale. That discrepancy affects how you interpret price-per-square-foot comparisons within the complex.

About Spring Ridge

Spring Ridge is a small-scale townhouse condominium development located at 5 Spring Ridge in Danbury, CT. Built in 2002, the complex contains three total units configured as four-bedroom townhouses. The scale here is intentional: this is not a large managed community with a clubhouse or shared amenities at scale. It is a compact, owner-occupied style setting where neighbors are few and the footprint is tight. The 2002 construction date places Spring Ridge in a generation of Danbury condominiums built with attached garage access, multi-floor layouts, and unit sizes well above what the Danbury condo market typically produced in the 1980s and 1990s. For buyers browsing Danbury homes for sale, Spring Ridge competes less with apartment-style condominiums and more with entry-level single-family homes in terms of bedroom count, square footage, and overall living experience.

Homes and Layouts at Spring Ridge

Every recorded sale at Spring Ridge has involved a four-bedroom unit, which is the defining characteristic of this condominium community. Bath counts in MLS records show either three or four baths per unit. Living area in recorded sales ranged from 2,493 square feet to 4,017 square feet, with 2,493 appearing as the most common square footage across multiple sales. The townhouse style means buyers can expect a vertical layout across multiple floors rather than single-level living, typically with a main living floor, bedrooms above, and in some configurations, finished space below grade that may account for the wider square footage range across units. Parking is standard for the complex. Buyers should confirm garage configuration, driveway space, and outdoor area specifics directly with the listing agent for any available unit, as these details vary by individual unit and are not uniformly recorded in MLS data.

What Buyers Need to Know

The current HOA fee at Spring Ridge is $385 per month, a figure that has remained relatively stable across most of the recorded sales history. The July 2024 sale of Unit 5 showed a slightly higher HOA of $410 per month, which buyers should treat as the more current benchmark. At only three total units, the HOA structure here is unusual compared to a large managed community. Reserve fund adequacy and capital planning in a three-unit association depend almost entirely on the cooperation and financial commitment of the three owner households. Buyers must request the full reserve study, current reserve fund balance, and meeting minutes before submitting an offer. A small association with underfunded reserves has no buffer if a major shared expense, such as roof replacement, driveway repaving, or exterior repairs, comes due.

Property taxes across recorded sales ranged from $5,636 to $8,698 per year. The most recent sale in July 2024 carried the highest tax figure at $8,698 annually, which reflects both the higher sale price and Danbury’s current assessment cycle. Buyers should request the current mill rate and a tax calculation based on the anticipated purchase price rather than relying solely on the seller’s current tax bill, which may reflect a different assessed value.

Because Spring Ridge contains only three units, the owner-occupancy ratio is effectively determined by just three households. Lenders applying conventional condominium financing rules will scrutinize this closely. Some loan programs require a minimum percentage of owner-occupied units in a condominium project, and a three-unit building where even one unit is rented can create financing complications. Buyers using conventional or FHA financing should confirm lender eligibility for this specific project before going under contract.

Renovation variation between units is a practical concern at Spring Ridge. The MLS record shows multiple sales of the same unit at different prices and different recorded square footages. Buyers should inspect each unit independently rather than assuming uniformity with a previously toured unit. Finishes, systems, mechanical age, and any below-grade finished space can differ meaningfully from one unit to the next within the same complex.

Request the full resale package, including the declaration of condominium, bylaws, current budget, reserve fund statement, any pending special assessments, rental restriction language, and pet policy, before the inspection contingency expires. In a three-unit association, the documentation may be less formal than a large managed community, which makes it more important, not less, to read carefully.

Buying or Selling at Spring Ridge

Pricing a unit at Spring Ridge accurately requires working with the full six-sale history and understanding why individual sales varied as much as they did. The $230,000 spread between the lowest and highest recorded sales is not noise. It reflects differences in unit condition, finished square footage, market timing, and in at least one case, a possible discrepancy in how living area was measured. A buyer paying near the top of that range needs to understand precisely what justifies the premium. A seller pricing near the top needs comparables that support it.

The Engel Team works with buyers and sellers across the Danbury market, including small complexes like Spring Ridge where thin comparable data makes pricing more consequential, not less. If you are considering purchasing here, we can walk you through the full sales history, flag the due diligence items specific to small-association condominiums, and position your offer correctly in a limited-inventory setting. If you own a unit at Spring Ridge and are considering selling, contact us for a current valuation based on the most recent comparable data and current Danbury market conditions.