Seller's Agent in 2021
Tara Hawley
Coldwell Banker Realty
(203) 331-5939
5 in this area
66 Total Sales
115 Welch Terrace Fairfield, CT 06824
Fairfield Center NeighborhoodEstimated Value: $831,000 - $1,058,232
4
Beds
2.5
Baths
2,095
Sq Ft
$451/Sq Ft
Est. Value
Highlights
- Beach Access
- 0.89 Acre Lot
- Wetlands on Lot
- Riverfield Elementary School Rated A
- Deck
- 1 Fireplace
About This Home
As of March 2021Looking for rental income while living in the main house? This is the home for you! This legal two family expanded cape home in not your traditional multi-family home. The property is situated in the coveted Fairfield beach area on a dead end cul-de-sac within minutes to downtown Fairfield, the train station, Southport village and a number of beautiful town beaches. The home offers a number of options for prospective buyers. The current homeowners live in the main 4 bedroom 1.5 bath home while renting the completely separate legal apt., with its own entrance above the garage. The apartment is currently occupied by a month to month tenant for $1,500 a month. Have a loved one living with you? What an ideal opportunity to have separate living quarters while being close by to tend to their needs. Are you an investor looking for rental income with a good ROI? Look no further! This home is an excellent investment opportunity. Note, the recently built condominium unit next door to this property sold for $810,000 in November 2019.
Upon entering the main home is the dining area which leads into the kitchen. Both the dining room and kitchen step down to the family room. On the main level there are two bedrooms with a full bath. Upstairs there are two additional bedrooms with a half bath. The apartment above the oversized 2 car garage is a one bedroom, one full bath unit with a full kitchen and living area. Many reasons to make this your next purchase!
Last Agent to Sell the Property
Coldwell Banker Realty License #RES.0796565 Listed on: 01/08/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,997
Year Built
- Built in 1958
Lot Details
- 0.89 Acre Lot
- Cul-De-Sac
- Level Lot
Home Design
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Wood Siding
- Vertical Siding
Interior Spaces
- 2,095 Sq Ft Home
- 1 Fireplace
- Thermal Windows
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
Home Security
- Storm Windows
- Storm Doors
Parking
- 2 Car Attached Garage
- Parking Deck
- Driveway
Eco-Friendly Details
- Heating system powered by active solar
Outdoor Features
- Beach Access
- Public Water Access
- Wetlands on Lot
- Deck
- Enclosed Patio or Porch
Location
- Flood Zone Lot
- Property is near a golf course
Schools
- Roger Ludlowe Middle School
- Fairfield Ludlowe High School
Utilities
- Central Air
- Baseboard Heating
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Exclusions: See separate list
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 8, 2021
Closed on
Mar 19, 2021
Sold by
Goodfellow John A and Warner-Goodfello Virginia
Bought by
Lopresti Matthew and Lopresti Elise
Seller's Agent
Tara Hawley
Coldwell Banker Realty
Buyer's Agent
Kaitlin Dierna
William Pitt Sotheby's Int'l
List Price
$649,900
Sold Price
$615,000
Premium/Discount to List
-$34,900
-5.37%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,572
Avg. Annual Appreciation
9.00%
Original Mortgage
$522,750
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lopresti Matthew | $615,000 | None Available | |
| Lopresti Matthew | $615,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lopresti Matthew | $550,000 | |
| Closed | Lopresti Matthew | $119,700 | |
| Closed | Lopresti Matthew | $522,750 | |
| Previous Owner | Googfellow John A | $445,000 | |
| Previous Owner | Googfellow John A | $46,700 | |
| Previous Owner | Googfellow John A | $227,000 | |
| Previous Owner | Googfellow John A | $232,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/19/2021 03/19/21 | Sold | $615,000 | -5.4% | $294 / Sq Ft |
| 02/11/2021 02/11/21 | Pending | -- | -- | -- |
| 01/13/2021 01/13/21 | For Sale | $649,900 | -- | $310 / Sq Ft |
Source: SmartMLS
Tax History Compared to Growth
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 | $12,917 | $455,000 | $310,940 | $144,060 |
| 2024 | $12,695 | $455,000 | $310,940 | $144,060 |
| 2023 | $12,517 | $455,000 | $310,940 | $144,060 |
| 2022 | $12,394 | $455,000 | $310,940 | $144,060 |
| 2021 | $12,276 | $455,000 | $310,940 | $144,060 |
| 2020 | $9,997 | $373,170 | $274,890 | $98,280 |
| 2019 | $9,997 | $373,170 | $274,890 | $98,280 |
| 2018 | $9,837 | $373,170 | $274,890 | $98,280 |
| 2017 | $9,635 | $373,170 | $274,890 | $98,280 |
| 2016 | $9,497 | $373,170 | $274,890 | $98,280 |
| 2015 | $9,544 | $385,000 | $290,220 | $94,780 |
| 2014 | $9,394 | $385,000 | $290,220 | $94,780 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2021
Doris Rowe
Coldwell Banker Realty
(203) 254-7100
4 in this area
49 Total Sales
-
Buyer's Agent in 2021
Kaitlin Dierna
William Pitt
(203) 814-4165
1 in this area
7 Total Sales
Map
Source: SmartMLS
MLS Number: 170363527
APN: FAIR-000232-000000-000140
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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.
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