NOT LISTED FOR SALE

103 E Pattagansett Rd Niantic, CT 06357

Niantic Neighborhood

Estimated Value: $372,659 - $462,000

4 Beds
2 Baths
1,560 Sq Ft
$271/Sq Ft Est. Value

Last Sold April 29, 2024

Last sale price $395,000 $253 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,677/month

39 Days on Market

Highlights

  • 0.62 Acre Lot
  • Partially Wooded Lot
  • Baseboard Heating
  • East Lyme Middle School Rated A-
  • 1 Fireplace
  • Wood Siding

About This Home

As of April 2024

Perfect for investors or owner occupants looking to earn extra income! The first floor unit features access to the expansive basement with plenty of storage space, while the second floor unit features its own enormous private deck, perfect to spend time on during the summers! Both units are 2 bedrooms, 1 bathroom, with a very spacious feel and great flow to them. This turnkey multifamily home is just minutes away from all of the beautiful beaches and shops that Niantic has to offer! An easy bike ride to go into town or to the water. Enjoy peaceful serenity while still being centrally located. Seller is also willing to sell any and all furniture and decor items currently at the property, so please include that in offer if interested! Seller is CT real estate licensee. Highest and best due by Wednesday, 3/27 at 6pm

Last Agent to Sell the Property

Zoe Cramer

Broder Commercial, LLC License #RES.0816171 Listed on: 03/21/2024

Last Buyer's Agent

Jarrad Horsley

RE/MAX One License #RES.0814527

RE/MAX One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,713

Year Built

  • Built in 1880

Lot Details

  • 0.62 Acre Lot
  • Partially Wooded Lot

Home Design

  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,560 Sq Ft Home
  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • East Lyme High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Private Company Owned Well

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 1468319

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,713

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Neighborhood: Niantic
  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 1560
  • Total Sq Ft: 1560
  • Year Built: 1880
  • New Construction: No/Resale
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Directions: GPS friendly
  • Financing Used: Conventional Fixed
  • Street Type: Road
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Basement Description: Full
  • Laundry Room Location: 1st fl in living room, 2nd fl in bdrm
  • Attic: No

Exterior Features

  • Exterior Siding: Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: 50 Gallon Tank
  • Water Source: Private Well
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.62
  • Lot Description: Lightly Wooded
  • Zoning: R10
  • Parcel #: 1468319

Multi Family

  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 3713

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2024
Closed on
Apr 29, 2024
Sold by
103 E Pattagansett Llc
Bought by
Salemme Christopher
Seller's Agent
Zoe Cramer
Broder Commercial, LLC
Buyer's Agent
Jarrad Horsley
RE/MAX One
List Price
$389,900
Sold Price
$395,000
Premium/Discount to List
$5,100
1.31%
Views
105
Current Estimated Value
$439,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,852
Avg. Annual Appreciation
4.23%
Original Mortgage
$360,000
Outstanding Balance
$354,135
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$68,280

Purchase Details

Listed on
Apr 29, 2022
Closed on
Aug 4, 2022
Sold by
Hensch Patrick B
Bought by
103 E Pattagansett Llc
Seller's Agent
Dean Long III
William Raveis Real Estate
Buyer's Agent
Zoe Cramer
Broder Commercial, LLC
List Price
$369,900
Sold Price
$317,500
Premium/Discount to List
-$52,400
-14.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.37%
Original Mortgage
$287,500
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 13, 2001
Sold by
Singer Scott
Bought by
Hensch Patrick B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,307
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 1998
Sold by
Mckay Anne E
Bought by
Singer Scott
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Salemme Christopher $395,000 None Available
Salemme Christopher $395,000 None Available
103 E Pattagansett Llc $317,500 None Available
103 E Pattagansett Llc $317,500 None Available
Hensch Patrick B $119,500 --
Hensch Patrick B $119,500 --
Singer Scott $99,500 --
Singer Scott $99,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salemme Christopher $360,000
Closed Salemme Christopher $360,000
Previous Owner 103 E Pattagansett Llc $287,500
Previous Owner Singer Scott $60,000
Previous Owner Singer Scott $117,307
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/29/2024 04/29/24 Sold $395,000 +1.3% $253 / Sq Ft
03/21/2024 03/21/24 For Sale $389,900 +22.8% $250 / Sq Ft
08/04/2022 08/04/22 Sold $317,500 -2.9% $184 / Sq Ft View Prior Sale
06/30/2022 06/30/22 Pending -- -- --
06/21/2022 06/21/22 Price Changed $326,900 -3.0% $189 / Sq Ft
06/20/2022 06/20/22 Price Changed $336,900 -0.9% $195 / Sq Ft
06/01/2022 06/01/22 Price Changed $339,900 -8.1% $197 / Sq Ft
04/29/2022 04/29/22 For Sale $369,900 -- $214 / 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 $4,355 $155,470 $65,450 $90,020
2024 $3,932 $149,240 $65,450 $83,790
2023 $3,713 $149,240 $65,450 $83,790
2022 $3,558 $149,240 $65,450 $83,790
2021 $3,399 $119,210 $61,600 $57,610
2020 $3,381 $119,210 $61,600 $57,610
2019 $3,361 $119,210 $61,600 $57,610
2018 $3,260 $119,210 $61,600 $57,610
2017 $3,119 $119,210 $61,600 $57,610
2016 $3,004 $118,440 $53,900 $64,540
2015 $2,927 $118,440 $53,900 $64,540
2014 $2,846 $118,440 $53,900 $64,540
Source: Public Records

Agents Affiliated with this Home

  • Zoe Cramer

    Seller's Agent in 2024

    Zoe Cramer

    Broder Commercial, LLC

    (860) 752-4458

    2 in this area

    18 Total Sales

    Zoe Cramer
    Section Image
  • Jarrad Horsley

    Buyer's Agent in 2024

    Jarrad Horsley

    RE/MAX

    (860) 300-0146

    2 in this area

    132 Total Sales

    Jarrad Horsley
    Section Image
  • Dean Long III

    Seller's Agent in 2022

    Dean Long III

    William Raveis Real Estate

    (860) 532-1919

    1 in this area

    19 Total Sales

    Dean Long III
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 24005243

SmartMLS

APN: ELYM-001604-000025

Connecticut New London County Niantic 06357 Niantic

103 E Pattagansett Rd, Niantic, CT

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes