NOT LISTED FOR SALE

Estimated Value: $3,772,000

4 Beds
4.5 Baths
4,674 Sq Ft
$807/Sq Ft Est. Value

Last Sold May 13, 2021

Last sale price $2,705,000 $579 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $25,081/month

Highlights

  • Public Water Access
  • Waterfront
  • Deck
  • King's Highway Elementary School Rated A+
  • Open Floorplan
  • Mediterranean Architecture

About This Home

As of May 2022

Unique opportunity to rent on Bermuda lagoon. 4 bedroom, 4 1/2 bath home with a deep water dock on an oversized lot in the Covlee Assoc. Association amenities include private beach, boat dock & play area. Dramatic views from every room, soaring ceilings with huge picture windows and decks to soak in the vistas. Newer decks and newer dock.Short term furnished rental. Furniture is different than what the photos depict. $15,000/month for April/May, $20,000 for June. Possibly available for the month of July at a rate of $30,000/mont

Last Agent to Rent the Property

Kim Harizman

Compass Connecticut, LLC License #RES.0795917 Listed on: 03/21/2022

Compass Connecticut, LLC

Last Renter's Agent

Kim Harizman

Compass Connecticut, LLC License #RES.0795917 Listed on: 03/21/2022

Compass Connecticut, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $53,153

Year Built

  • Built in 1989

Lot Details

  • 0.56 Acre Lot
  • Waterfront
  • Level Lot
  • Sprinkler System
  • Property is zoned AE

Home Design

  • Mediterranean Architecture
  • Stucco Exterior

Interior Spaces

  • Open Floorplan
  • Central Vacuum
  • Entrance Foyer
  • Home Gym
  • Water Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 2 Car Attached Garage
  • Parking Deck
  • Circular Driveway

Outdoor Features

  • Public Water Access
  • Balcony
  • Deck
  • Terrace
  • Rain Gutters

Location

  • Flood Zone Lot
  • Property is near a golf course

Schools

  • Kings Highway Elementary School
  • Coleytown Middle School
  • Staples High School

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Oil
  • Heating System Uses Oil Above Ground

Community Details

  • Property has a Home Owners Association
  • Association fees include lake/beach access

Home Details

Home Type

Single Family

Est. Annual Taxes

$53,153

Year Built

Built in 1989

Lot Details

0

Rental Info

  • Landlord Requirements: Credit Check, Security Deposit, Lease Required
  • Landlord Responsibility: Real Estate Taxes
  • Lease Price Description: Per Month
  • Pets Allowed: Yes
  • Rental Duration: Short Term Unfurnished, Short Term Furnished
  • Security Deposit Details: $15,000 security
  • Smoking Allowed: No
  • Tenant Responsibility: All Utilities, Liability Insurance, Snow Removal, Trash Service, Water

Listing Details

  • Neighborhood: Saugatuck Shore
  • Property Type: Residential Rental
  • Style: Mediterranean
  • Sq Ft Est Heated Above Grade: 4145
  • Public Record Living Room Sq Ft: 4145
  • Sq Ft Est Heated Below Grade: 529
  • Total Sq Ft: 4674
  • Year Built: 1989
  • Nearby Amenities: Golf Course, Library, Private Rec Facilities, Public Rec Facilities, Tennis Courts
  • Property Sub Type: Single Family Rental
  • Direct Waterfront: Yes
  • Public Record Gross Sq Ft: 11388
  • Directions: Duck Pond Road to Harbor Road to Covlee
  • Special Features: None

Interior Features

  • Room Count: 9
  • Total Bedrooms: 4
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement Description: Partial With Walk-Out
  • Interior Amenities: Central Vacuum, Open Floor Plan
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Additional Rooms: Breezeway, Exercise Room, Foyer, Laundry Room
  • Laundry Room Info: Upper Level
  • Attic: No
  • Street Number Modifier: 11

Exterior Features

  • Exterior Features: Balcony, Deck, Gutters, Terrace, Underground Sprinkler
  • Exterior Siding: Stucco
  • Waterfront Description: Direct Waterfront, Frontage, Dock or Mooring, Water Community
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 2
  • Driveway Type: Private, Circular, Crushed Stone

Utilities

  • Cooling System: Central Air, Zoned
  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

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

Schools

  • Elementary School: Kings Highway
  • Middle School: Coleytown
  • High School: Staples

Lot Info

  • Acres: 0.5600
  • Lot Description: In Flood Zone, Water View, Level Lot, Fence - Full
  • Elevation Certificate: Yes
  • Flood Zone: Yes
  • Zoning: AE

Tax Info

  • Assessor Parcel Number: 416976

MLS Schools

  • Elementary School: Kings Highway
  • Middle Jr High School: Coleytown
  • High School: Staples

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2020
Closed on
May 13, 2021
Sold by
Benjamin Amy S
Bought by
Fraas Charles and Fraas Elisabeth
Seller's Agent
Kim Harizman
Compass Connecticut, LLC
Buyer's Agent
Kim Harizman
Compass Connecticut, LLC
List Price
$3,200,000
Sold Price
$2,705,000
Premium/Discount to List
-$495,000
-15.47%
Current Estimated Value
$3,772,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,067,000
Avg. Annual Appreciation
8.14%
Original Mortgage
$2,028,750
Outstanding Balance
$1,846,351
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,925,649

Purchase Details

Closed on
Jul 18, 2005
Sold by
Stibel Gary M
Bought by
Benjamin Amy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.67%
Source: Public Records

Range of Values:

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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
Fraas Charles $2,705,000 None Available
Fraas Charles $2,705,000 None Available
Benjamin Amy S $3,372,500 --
Benjamin Amy S $3,372,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fraas Charles $2,028,750
Closed Fraas Charles $2,028,750
Previous Owner Benjamin Amy S $1,000,000
Previous Owner Benjamin Amy S $1,000,000
Previous Owner Ricca Lewis $1,500,000
Previous Owner Ricca Lewis $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2022 05/01/22 Rented $15,000 0.0% --
04/01/2022 04/01/22 Under Contract -- -- --
03/21/2022 03/21/22 For Rent $15,000 0.0% --
05/13/2021 05/13/21 Sold $2,705,000 -9.7% $579 / Sq Ft
03/19/2021 03/19/21 Pending -- -- --
03/02/2021 03/02/21 Price Changed $2,995,000 -6.4% $641 / Sq Ft
08/04/2020 08/04/20 For Sale $3,200,000 -- $685 / 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 $53,153 $2,818,305 $1,028,055 $1,790,250
2024 $40,727 $2,187,255 $1,028,055 $1,159,200
2023 $39,328 $2,143,200 $979,100 $1,164,100
2022 $38,728 $2,143,200 $979,100 $1,164,100
2021 $38,728 $2,143,200 $979,100 $1,164,100
2020 $32,309 $2,023,800 $1,030,800 $993,000
2019 $34,121 $2,023,800 $1,030,800 $993,000
2018 $34,121 $2,023,800 $1,030,800 $993,000
2017 $34,121 $2,023,800 $1,030,800 $993,000
2016 $34,121 $2,023,800 $1,030,800 $993,000
2015 $36,053 $1,993,000 $1,143,200 $849,800
2014 $35,754 $1,993,000 $1,143,200 $849,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170475127

SmartMLS

APN: WPOR-000002A-000000-000034