We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
Milford is a pleasant seaside village with a nice harbor that sits between Bridgeport and New Haven, and is a bit far for a NYC commute although it has a Metro North train station and a number of intrepid train commuters. Its fine harbor lies at the mouth of the Housatonic River. It's a comfortable but not wealthy middle-class town which doesn't put on airs but which has fairly high property taxes, and has a serious racing yacht club in the wealthiest (by income) state in the country.
The house below is right in town in the historic district, in walking distance to the train and to the marina and harbor. Built in 1836 probably by a ship captain, but totally updated with a/c, 1st class kitchen, 5 bedrooms, family room addition on the back, etc. Look at the pictures of it: I think it is a perfect Yankee home which I would be very happy to live in, modestly elegant, with 1/4 acre offering enough space for flower gardens and tomatoes without burdening you with maintenance - plus a handy 3-car detached garage with room for a duck boat or a spare sports car. Asking only $749,000. (And again, no, we do not sell real estate. We just appreciate interesting shelter.)
(The old house is too exposed to the street, though. I think it could benefit from a 4' hedge or picket fence out front along the sidewalk with a row of hydrangeas, and some nicer, less-random and more vigorous plantings in front of the porch - either a simple perennial border or a low hedge. And maybe a red Cherokee Dogwood or Magnolia in the middle of the the right side of the little front lawn. A cool thing about America is that, when you improve your plantings, you inspire your neighbors to do it too. It starts them thinking. The current plantings in front of this nice house insult the simple dignity of the place.)
Overall, however, this house sits there like it's been there for a while and wants to be where it is, and I admire it very much.
I know Milford well - and it has a couple of yummy fish restaurants we used to frequent, when we lived in that state, right on the water - one on a nice boardwalk too. And that house does indeed look cute - but you didn't mention how many baths it has, my guess being not enough for 5 bedrooms. A strong suggestion for their selling it would be to change one of the 5 into either one large full bath and perhaps extra storage, or else two smaller full baths (standing showers perhaps, which is the norm anyway today). Milford is truly one of the best-located family-oriented towns that are still not outrageously priced in southern CT along the east side - with quick access to all the highways to Boston and NYC. Simply the best.
I didn't know Maggie's Farm was so well-to-do. My back of the envelope figures add up to needing about $250,000 annual income to afford this lovely home. That would put you in the evil 1 or 2% wouldn't it? I always liked those Nashville bungalows you put up from time to time.
with 20% down at the jumbo loan rate of 7%, the principal and interest is 3991.81 + taxes + property insurance. The guidelines allow for 28% of gross income to be for house payment. Just the P&I above means you need to make $171,000 a year before taxes and insurance. That also assumes you have $150,000 laying around.
By the way I'm a soon to be EX-mortgage broker. Unfortunately I made sure people could afford the house. My rule of thumb was that I didn't want to run into you at Publix(local grocery) and have to run down the next aside to hide. Personally I think that rule would work with developers and lot of other professions.
Our family use to vacation at Milford Ct during the late 50's early 60's. We traveled up from urban Yonkers NY. There use to be an amusement park area near the beach back then. We got the best sausage and pepper subs there, but the natives called them heros-a new term for us city folk. I remember hearing the news on my 6 transitor radio of Cassius Clay KOing Sonny Liston while up at Milford. That must have been around 1959. We use to fish alot and catch sand sharks, blow fish, and once a flying fish. We'd go out to Charles Island, about a mile off Milford's shore and search for treasure and ghosts. We saw a dead dolphin or porpoise - I don't know the difference- that had a slug in it on Charles Island. Many fond memories of Milford aside from the dead dolphin.