NOT LISTED FOR SALE

1 Oswegatchie Hills Rd Niantic, CT 06357

Niantic Neighborhood

Estimated Value: $400,000 - $506,000

4 Beds
4 Baths
1,800 Sq Ft
$255/Sq Ft Est. Value

Last Sold December 01, 2023

Last sale price $432,000 $240 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,835/month

3 Days on Market

Highlights

  • Attic
  • Corner Lot
  • Porch
  • East Lyme Middle School Rated A-
  • Walking Distance to Water
  • Baseboard Heating

About This Home

As of December 2023

Welcome to your dream investment property or your next home sweet home! This side-by-side duplex home is a rare find, offering two units, each with 2 bedrooms and 1.5 baths. Nestled on just under a half-acre of land with a partially fenced-in large yard, this property is the perfect blend of comfort, convenience, and potential. Unit A is a completely a updated living space with new kitchen and bathrooms, gleaming hardwood floors running throughout the unit, and heat/AC mini-split units in each room for year round comfort! Both units offer bonus space in the partially finished basement, allowing you to create your in home office or gym!. In addition, each unit has its own dedicated laundry and storage areas for added convenience. This property has seen numerous updates to enhance your living experience. A new roof, newly built decks off of both units,new hot water heaters and a newly installed irrigation system make maintaining the property convenient! Located just minutes from downtown Niantic, you'll have easy access to shops, restaurants, Niantic boardwalk and beaches! This is a unique opportunity to invest in an income-generating property or enjoy the benefits of a spacious, fully updated home while having a tenant!

Last Agent to Sell the Property

Alexis John

RE/MAX One License #REB.0795697 Listed on: 10/30/2023

RE/MAX One

Last Buyer's Agent

Alexis John

RE/MAX One License #REB.0795697 Listed on: 10/30/2023

RE/MAX One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,446

Year Built

  • Built in 1987

Lot Details

  • 0.41 Acre Lot
  • Corner Lot

Parking

  • Private Driveway

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • Partially Finished Basement
  • Laundry in Basement
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Walking Distance to Water
  • Porch

Utilities

  • Mini Split Air Conditioners
  • Wall Furnace
  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • Propane Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 1468127

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,446

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Neighborhood: Niantic
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 1800
  • Total Sq Ft: 1800
  • Year Built: 1987
  • New Construction: No/Resale
  • Remarks Public Addendum: *highest and best due by 7pm on Sunday 11/5. Seller reserves right to accept offer prior to deadline.
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3006
  • Directions: per gps
  • Financing Used: Cash
  • Street Type: Road
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Attic Description: Access Via Hatch
  • Basement Description: Partially Finished
  • Laundry Room Location: basement
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes

Exterior Features

  • Exterior Features: Porch
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Driveway Type: Private
  • Garage And Parking: Paved

Utilities

  • Cooling System: Split System
  • Heat Type: Baseboard, Wall Unit
  • Heat Fuel Type: Electric
  • Fuel Tank Location: Non Applicable
  • Hot Water Description: 40 Gallon Tank, Propane
  • Water Source: Public Water Connected
  • Sewer: Shared Septic

Lot Info

  • Acres: 0.41
  • Lot Description: Corner Lot
  • Zoning: R40
  • Parcel #: 1468127

Multi Family

  • Total Number Of Units: 2
  • Unit Count: 2

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 4446

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2023
Closed on
Nov 29, 2023
Sold by
Tsiropoulos Elefterios
Bought by
317 Lhr Llc
Seller's Agent
Alexis John
RE/MAX One
Buyer's Agent
Alexis John
RE/MAX One
List Price
$389,900
Sold Price
$432,000
Premium/Discount to List
$42,100
10.8%
Views
132
Current Estimated Value
$459,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,750
Avg. Annual Appreciation
3.13%

Purchase Details

Closed on
Sep 5, 2003
Sold by
Zarbo Thomas
Bought by
Tsiropoulos Elefterios

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 1989
Sold by
Petrini Nevil
Bought by
Terdjanlan Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
9.93%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
317 Lhr Llc $432,000 None Available
317 Lhr Llc $432,000 None Available
Tsiropoulos Elefterios $235,000 --
Tsiropoulos Elefterios $235,000 --
Terdjanlan Peter $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Terdjanlan Peter $168,000
Previous Owner Terdjanlan Peter $188,000
Previous Owner Terdjanlan Peter $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2023 12/01/23 Sold $432,000 +10.8% $240 / Sq Ft
11/07/2023 11/07/23 Pending -- -- --
11/03/2023 11/03/23 For Sale $389,900 -- $217 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,006 $178,710 $79,800 $98,910
2024 $4,709 $178,710 $79,800 $98,910
2023 $4,446 $178,710 $79,800 $98,910
2022 $4,260 $178,710 $79,800 $98,910
2021 $4,488 $157,430 $79,800 $77,630
2020 $4,584 $161,630 $79,800 $81,830
2019 $4,556 $161,630 $79,800 $81,830
2018 $4,421 $161,630 $79,800 $81,830
2017 $4,228 $161,630 $79,800 $81,830
2016 $4,204 $165,760 $79,520 $86,240
2015 $4,096 $165,760 $79,520 $86,240
2014 $3,983 $165,760 $79,520 $86,240
Source: Public Records

Agents Affiliated with this Home

  • Alexis John

    Seller's Agent in 2023

    Alexis John

    RE/MAX

    (401) 369-0060

    1 in this area

    68 Total Sales

    Alexis John
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Map

Source: SmartMLS

MLS Number: 170607350

SmartMLS

APN: ELYM-001602-000046

Connecticut New London County Niantic 06357 Niantic

1 Oswegatchie Hills Rd, Niantic, CT

Not Listed for Sale

MultiFamily

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