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Real Estate Agency Stamford Ct – A more than 100-year-old waterfront property on a private peninsula in Stamford, Connecticut, sold last week for $7.5 million.
The sale of the property, which has a 5,375-square-foot main residence as well as a guest cottage, is the most expensive sale of a waterfront home in Stamford, according to the multiple listing service. It is also the second most expensive sale in the city’s history, after it sold in 2003 for $8.2 million.
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The residence, which sits on about 1.7 acres on the Shippan Point peninsula, is surrounded on three sides by Long Island Sound for a total of 956 feet of water frontage, according to Robert Blosio of William Pitt Sotheby’s International Real Estate. He and Larry Palma, both in New Canaan, Connecticut, had an office and listed.
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“You see sunrises and sunsets, Stamford Harbor, Stamford Lighthouse and Todd Point, as well as the Manhattan skyline,” Mr. Blosio said.
The house, also known as the Saddle Rock House, was built in 1914 by Richard Howland Hunt and Joseph Howland Hunt, according to agents. It was built for Thomas Robbins, an inventor who created conveyor belts for Thomas Edison’s Coal and Ore Milling Company.
Mr. Palma noted that the brothers, who ran businesses like Hunt & Hunt, built homes similar to the Vanderbilts and Astors. They also designed the Beacon Towers in Sands Point, Long Island, a Gilded Age mansion that inspired “The Great Gatsby” and once belonged to William Randolph Hearst.
Saddle Rock House was first listed by Mr. Blosio and Mr. Palma in 2018 for less than $12 million. When it was listed in early 2020, the asking price was $9.8 million, and it went back to $8.995 million with another broker later that year.
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Sotheby’s agents picked up the property again in June, with an asking price of about $8 million. It turned out to be the right price point.
Agents declined to identify the buyer, but added that he was from abroad. Listings for sale are not yet open.
Amenities include a great room with water views, a kitchen with limestone floors, a marble bathroom, a pool and grotto pool (converted from the sellers’ boathouse), a wood-paneled library, a guest house and a tennis court. , according to agents. There are also landscaped gardens and a floodlit walkway outside the property.
Agents said the Saddle Rock House has had four owners, and the sellers, who could not comment, have owned it for more than 40 years. Tomo Networks, a real estate-focused financial technology firm, is headquartered at 2200 Atlantic Street in the South End of Stamford, Conn. Michael Cammo/Hearst Connecticut Media Show MoreShow Less
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2of 6 Tomo Networks, a real estate-focused financial technology firm, is headquartered at 2200 Atlantic Street in the South End of Stamford, Conn. Michael Cammo/Hearst Connecticut Media Show MoreShow Less
4 of 6 “Innovative, growth-oriented companies like Tomo attract the state with its business-friendly environment and deep talent pool,” said Greg Schwartz, founder and CEO of Tomo Networks. “We want to be the employer of choice for those looking to change the way home buying and financial services are changing.” Credited photo/Tomo NetworksShow MoreShow Less
5 of 6 “Tomo (Networks) could have chosen any state in the country to locate its corporate headquarters, and they chose Connecticut because they recognize that we have the best-educated, best-trained, and most productive workforce in the world, especially because it has grown tremendously in recent years. in the fintech industry,” said Governor Ned Lamont. Tyler Sizemore/Hurst Connecticut Media Show MoreShow Less
STAMFORD — Tomo Networks, a real estate-focused financial-technology firm founded in Stamford last year, plans to create up to 100 local jobs by the end of this year, company and state officials announced Wednesday.
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Meanwhile, Tomo announced the launch of its digital platform and confirmed a $70 million investment round, which company officials called “one of the largest seed rounds in history.”
The state Department of Economic and Community Development will provide Tomo with “as you grow” subsidies, which provide matching grants when performance goals are met.
“Tomo could have chosen any state in the country to locate its corporate headquarters, and they chose Connecticut because they recognize that we have the best-educated, best-trained and most productive workforce in the world, especially in the fintech industry. It has seen tremendous growth in recent years,” Ned Lamont said in a statement.
“I’m excited about innovative products from new companies like Tomo. I’m glad they chose Stamford as their center and I expect them to continue to do so,” Lamont said.
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The company’s headquarters will be located at 2200 Atlantic Street in Stamford’s South End, not far from the future headquarters at 100 Washington Blvd., a manufacturing and technology-services provider ITT. The latter announced last week that it will move its headquarters to the city from White Plains, N.Y.
“It has been a pleasure working with the Lamont Governor’s Office, the Department of Economic and Community Development, and AdvanceCT (a non-profit organization focused on economic development) as we build our company in Stamford,” said Greg Schwartz, CEO and Founder. Tomo said in a statement. “Innovative, growth-oriented companies like Tomo attract the state’s business-friendly environment and deep talent pool. We want to be the employer of choice for those looking to change the way home buying and financial services are changing. I am proud to be in Stamford today for the official launch. “
Connecticut is in the midst of one of the busiest periods for corporate recruiting since Lamont, a first-term Democrat, took office in January 2019. Tobacco giant Philip Morris International said it will move its headquarters from Manhattan to Connecticut on June 22, and financial technology firm iCapital Network said it will open offices in Greenwich on June 24.
“I think we will see many more fintech companies like Tomo come to Connecticut in the post-pandemic era,” DECD spokesman David Lehman said in a statement. “We have an ecosystem that can support both the technology and financial aspects of their business, and we have the talent to help them compete in this industry. We’re aggressively recruiting companies in this industry.”
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AdvanceCT CEO and President Peter Denius said in a statement that Tomo “is a great example of an industry disruptor, and we are thrilled to have them set up their headquarters in Stamford. Their growth trajectory is exciting, and we look forward to supporting them in the coming months.”
Tomo’s digital platform will initially launch in the Dallas, Houston and Seattle markets. It will be “the first buyer-centric platform in the real estate space, using its proprietary technology to customize the home buying experience, offering full pre-approval within hours, a guaranteed on-time closing and a. The lowest mortgage rates,” the company and according to a joint statement with government officials.
The company has seen significant growth in home buying in markets like Connecticut since the start of the coronavirus pandemic. Connecticut home sales rose 22 percent year-over-year in May, according to Berkshire Hathaway Home Services.
“It’s really hard to buy a house,” Schwartz, who moved to New Canaan when Tomo was founded, said in an interview last year. “It’s very demanding on the home buyer.”
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According to Schwartz, Tomo is not trying to compete with Zillow. He held several leadership positions in the Seattle-based real estate and rental market from 2007 to early 2020, including most recently as president of media and marketing.
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Cammy Armstrong, Tomo’s other co-founder and chief revenue officer, previously served as vice president of Zillow’s Premier Agent business.
“It’s the same industry, but we’re trying to solve something different,” Schwartz said in an interview. “We’ve relaunched a special operation with plumbing and mortgages. We want to make it a payment platform for the housing industry, as PayPal is for e-commerce… It’s going to be a very powerful and scalable thing, and we’ll be able to partner with people like Zillow.”
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“I personally would not dream of buying a home without the support of a real estate professional,” Schwartz said in an interview. “The risks are too great. I think most people want a similar experience, and they should be able to access modern digital tools. “
The company’s name refers to omotenashi, which Tomo’s website describes as “a Japanese service philosophy whose needs are anticipated and considered.”
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