NOT LISTED FOR SALE

1 Terrace Ave Niantic, CT 06357

Niantic Neighborhood

Estimated Value: $473,253 - $600,000

3 Beds
1 Bath
1,284 Sq Ft
$411/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $260,000 $202 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $3,313/month

6 Days on Market

Highlights

  • Beach Front
  • Ranch Style House
  • Walking Distance to Water
  • East Lyme Middle School Rated A-
  • 1 Fireplace
  • 2 Car Attached Garage

About This Home

As of April 2021

Bring your ideas and transform this 3-bedroom 1 bath (with plenty of room for a master bath) home into a year-round home or getaway at the beach. Town card calls it a ranch, but it’s more like a split level with stairs to the upper 2 bedrooms and full bath. The roof was recently replaced, removal of carpeting uncovered wood floors throughout the main level with vinyl flooring in the kitchen. There is plenty of knotty pine paneling to give it a rustic feel. Older boiler runs like a charm. Lovely large yard. This home sits on the corner of Black Point Road and Terrace Avenue and is just a short bike ride or walk to Crescent Beach.

Last Agent to Sell the Property

Marilyn Lusher

RE/MAX Legends License #REB.0754324 Listed on: 03/17/2021

RE/MAX Legends

Last Buyer's Agent

Kathleen Freeman

Berkshire Hathaway NE Prop. License #RES.0765516

Berkshire Hathaway NE Prop.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,171

Year Built

  • Built in 1960

Lot Details

  • 0.36 Acre Lot
  • Beach Front
  • Level Lot
  • Property is zoned R12

HOA Fees

  • $83 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 1,284 Sq Ft Home
  • 1 Fireplace
  • Storm Windows
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Garage Access

Parking

  • 2 Car Attached Garage
  • Private Driveway

Outdoor Features

  • Walking Distance to Water

Schools

  • East Lyme Middle School
  • East Lyme High School

Utilities

  • Heating System Uses Oil
  • Electric Water Heater
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

  • Association fees include lake/beach access

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,171

Year Built

Built in 1960

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Neighborhood: Crescent Beach
  • Property Type: Single Family For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 1284
  • Public Record Living Room Sq Ft: 1284
  • Total Sq Ft: 1284
  • Year Built: 1960
  • Nearby Amenities: Medical Facilities, Park
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 2152
  • Directions: Route 156 to Black Point Road. Follow train overpass, at stop sign take a right, house will be on the left just before Attawan.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 6
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Fireplaces: 1
  • Basement Description: Full, Unfinished, Interior Access, Garage Access
  • Interior Amenities: Cable - Available
  • Appliances: Oven/Range, Refrigerator
  • Attic: No

Exterior Features

  • Exterior Siding: Shingle, Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Access, Beach, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 2
  • Driveway Type: Private, Paved

Utilities

  • Heat Type: Gravity Warm Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Lake/Beach Access
  • HOA Fees: 999
  • HOA Fee Frequency: Annually
  • HOA: Yes
  • Special Association Assessment Y: No

Green Features

  • Energy Features: Storm Windows

Lot Info

  • Acres: 0.3600
  • Lot Description: Level Lot
  • Zoning: R12

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 4171
  • Mil Rate Base: 28.360
  • Assessor Parcel Number: 1466045

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2022
Sold by
Chen Wen H
Bought by
Slocumb Rhonda H
Current Estimated Value
$527,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,000
Outstanding Balance
$224,768
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$302,795
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
Slocumb Rhonda H $361,000 None Available
Slocumb Rhonda H $361,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slocumb Rhonda H $241,000
Closed Slocumb Rhonda H $241,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2021 04/16/21 Sold $260,000 +8.4% $202 / Sq Ft
03/23/2021 03/23/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $239,900 -- $187 / 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 $5,651 $201,740 $89,250 $112,490
2024 $5,316 $201,740 $89,250 $112,490
2023 $4,586 $184,310 $89,250 $95,060
2022 $4,394 $184,310 $89,250 $95,060
2021 $4,209 $147,630 $85,120 $62,510
2020 $4,171 $147,070 $85,120 $61,950
2019 $4,146 $147,070 $85,120 $61,950
2018 $4,022 $147,070 $85,120 $61,950
2017 $3,847 $147,070 $85,120 $61,950
2016 $4,200 $165,620 $105,420 $60,200
2015 $4,092 $165,620 $105,420 $60,200
2014 $3,980 $165,620 $105,420 $60,200
Source: Public Records

Agents Affiliated with this Home

  • Marilyn Lusher

    Seller's Agent in 2021

    Marilyn Lusher

    RE/MAX

    (860) 460-9559

    5 in this area

    309 Total Sales

    Marilyn Lusher
    Section Image
  • Kathleen Freeman

    Buyer's Agent in 2021

    Kathleen Freeman

    Berkshire Hathaway Home Services

    (860) 836-7955

    4 in this area

    99 Total Sales

    Kathleen Freeman
    Section Image
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Map

Source: SmartMLS

MLS Number: 170381344

SmartMLS

APN: ELYM-000801-000176

Connecticut New London County Niantic 06357 Niantic

1 Terrace Ave, Niantic, CT

Not Listed for Sale

Detached

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