NOT LISTED FOR SALE

1 Spinnaker Dr Niantic, CT 06357

Estimated Value: $668,407 - $718,000

3 Beds
2.5 Baths
2,412 Sq Ft
$291/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $620,000 $257 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,911/month

71 Days on Market

Highlights

  • Active Adult
  • Attic
  • Enclosed Patio or Porch
  • Deck
  • 1 Fireplace
  • Home Security System

About This Home

As of November 2023

Welcome Home to one of the most popular designs at Spinnaker, an active adult 55+ condominium community! Dramatic two story Living Room with cathedral ceiling and propane fireplace open to eat-in Kitchen with granite countertops and delightful year-round Sunroom with high ceiling. The Sunroom has a sliding glass door to the deck surrounded by woodlands and lovely privacy. In addition, there is a Formal Dining Room with tall bay windows, a private den/office, a powder room, a laundry room, and a first floor Primary Bedroom Suite with a walk-in closet and full bathroom with whirlpool tub. Upstairs are two additional bedrooms and full bathroom, plus a loft for your craft or recreation or extra office space. Tastefully decorated throughout, this property includes many extras like a generator, a connected gas grill on the backyard patio, central vac and of course, central air. Wonderful location in Spinnaker, overlooking the pretty association green and association gazebo. Conveniently located near The Boardwalk in Niantic overlooking Long Island Sound for beautiful walks or leisure, near restaurants, town library, town beach, Rocky Neck State Park and charming Shoreline shops and events.

Last Agent to Sell the Property

Laurie Walker

William Pitt Sotheby's Int'l License #RES.0417234 Listed on: 09/20/2023

William Pitt Sotheby's Int'l

Last Buyer's Agent

Nancy McAndrew

Compass Connecticut, LLC License #REB.0445328

Compass Connecticut, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,781

Year Built

  • Built in 2004

Lot Details

  • Level Lot
  • Property is zoned R40

HOA Fees

  • $512 Monthly HOA Fees

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 2,412 Sq Ft Home
  • Ceiling Fan
  • 1 Fireplace
  • Entrance Foyer
  • Basement Fills Entire Space Under The House
  • Attic or Crawl Hatchway Insulated
  • Home Security System

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Parking Deck
  • Automatic Garage Door Opener

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Schools

  • East Lyme High School

Utilities

  • Central Air
  • Heating System Uses Propane
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Active Adult
  • Association fees include grounds maintenance, property management, road maintenance, insurance

Listing and Financial Details

  • Assessor Parcel Number 2410866

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,781

Year Built

Built in 2004

Lot Details

0

HOA Fees

$512 per month

Listing Details

  • Neighborhood: Niantic
  • Property Type: Condo/Co-Op For Sale
  • Style: Single Family Detached
  • Sq Ft Est Heated Above Grade: 2412
  • Total Sq Ft: 2412
  • Year Built: 2004
  • New Construction: No/Resale
  • Nearby Amenities: Library, Public Pool
  • Property Sub Type: Condominium
  • Direct Waterfront: No
  • End Unit: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 5206
  • Directions: Rt 156 (West Main Street) to Spinnaker. Proceed to #1 Spinnaker, first condo on the right.
  • Financing Used: Conventional Fixed
  • Spec Assoc Asses: No
  • Street Type: Drive
  • Special Features: None

Interior Features

  • Room Count: 9
  • Total Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Access Via Hatch
  • Basement Description: Full
  • Interior Amenities: Auto Garage Door Opener, Cable - Available, Security System
  • Appliances: Cook Top, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Additional Rooms: Foyer
  • Laundry Room Location: on the first floor
  • Laundry Room Info: Main Level
  • Attic: Yes

Exterior Features

  • Exterior Features: Deck, Porch-Enclosed, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 2
  • Garage And Parking: Attached Garage

Utilities

  • Cooling System: Ceiling Fans, Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Propane
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Property Management, Road Maintenance, Insurance
  • HOA Fees: 512
  • HOA Fee Frequency: Monthly
  • Property Management Type: Professional-Off Site
  • Total Number of Units In Complex: Spinnaker

Lot Info

  • Lot Description: Level Lot
  • Zoning: R40
  • Property Info: Adult Community 55
  • Parcel #: 2410866

Rental Info

  • Pets Allowed: Yes

Multi Family

  • Total Number Of Units: 103

Tax Info

  • Property Tax: 7781

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2023
Closed on
Nov 30, 2023
Sold by
Baiera Ross J and Baiera Patricia A
Bought by
Arruda Serafim C and Arruda Maria G
Seller's Agent
Laurie Walker
William Pitt Sotheby's Int'l
Buyer's Agent
Nancy McAndrew
Compass Connecticut, LLC
List Price
$635,000
Sold Price
$620,000
Premium/Discount to List
-$15,000
-2.36%
Views
139
Current Estimated Value
$701,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,602
Avg. Annual Appreciation
6.06%
Original Mortgage
$310,000
Outstanding Balance
$303,645
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$397,957

Purchase Details

Closed on
Mar 15, 2007
Sold by
Spinnaker Homes Llc
Bought by
Reeves Donal and Reeves Susan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Arruda Serafim C $620,000 None Available
Reeves Donal $489,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arruda Serafim C $310,000
Previous Owner Reeves Donal $59,500
Previous Owner Reeves Donal $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2023 11/30/23 Sold $620,000 -2.4% $257 / Sq Ft
11/30/2023 11/30/23 Pending -- -- --
11/29/2023 11/29/23 For Sale $635,000 0.0% $263 / Sq Ft
10/11/2023 10/11/23 Pending -- -- --
09/20/2023 09/20/23 For Sale $635,000 -- $263 / 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 $8,760 $312,760 $0 $312,760
2024 $8,241 $312,760 $0 $312,760
2023 $7,781 $312,760 $0 $312,760
2022 $7,456 $312,760 $0 $312,760
2021 $8,130 $285,180 $0 $285,180
2020 $8,088 $285,180 $0 $285,180
2019 $8,039 $285,180 $0 $285,180
2018 $7,800 $285,180 $0 $285,180
2017 $7,460 $285,180 $0 $285,180
2016 $7,108 $280,280 $0 $280,280
2015 $6,926 $280,280 $0 $280,280
2014 $6,735 $280,280 $0 $280,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170599330

SmartMLS

APN: ELYM-001004-010001-000012