NOT LISTED FOR SALE

118 Old Farms Ln Unit 118 New Milford, CT 06776

Estimated Value: $258,000 - $301,000

2 Beds
2 Baths
1,898 Sq Ft
1971 Built

Last Sold August 19, 2016

Last sale price $135,000 $71 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $1,989/month

48 Days on Market

Highlights

  • Ranch Style House
  • 1 Car Detached Garage
  • Attached Carport
  • End Unit
  • Zoned Heating
  • Level Lot

About This Home

As of August 2016

Best Condo Buy in New Milford! Don't miss this 2 bedroom, 2 full bath one level living condo with full unfinished lower level for a total potential of nearly 2,000 square feet! Needs updating, but completely livable and functional as is for an ideal and affordable first time home buyer scenario. Better yet, this is a great retirement option for those looking to downsize to a single level home but need lots of storage space. Located in the rear of the complex for a very quiet living arrangement. 1 covered parking spot and one reserved parking spot make this a very convenient option for starting out or winding down!

Last Agent to Sell the Property

Todd Sargent

Coldwell Banker Realty License #RES.0759978 Listed on: 04/15/2016

Coldwell Banker Realty

Last Buyer's Agent

Mark Solomon

Coldwell Banker Realty License #RES.0770782

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,472

Year Built

  • Built in 1971

Home Design

  • Ranch Style House
  • Frame Construction
  • Masonry Siding

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Basement Storage

Parking

  • 1 Car Detached Garage
  • Attached Carport

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Schools

  • Hill & Plain Elementary School
  • Schaghticoke Middle School
  • Sarah Noble Middle School
  • New Milford High School

Utilities

  • Zoned Heating
  • Radiant Heating System
  • Private Water Source

Additional Features

  • Oven or Range
  • End Unit

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include grounds maintenance, insurance, property management, pest control
  • 134 Units
  • Old Farms Community

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,472

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Condo/Co-Op For Sale
  • Potential Short Sale: No
  • Style: Garden Ranch, Ranch
  • Sq Ft Est Heated Above Grade: 949
  • Public Record Living Room Sq Ft: 949
  • Sq Ft Est Heated Below Grade: 949
  • Total Sq Ft: 1898
  • Year Built: 1971
  • Property Sub Type: Condominium
  • Direct Waterfront: No
  • End Unit: Yes
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Unit On Floor Number: 1
  • Public Record Gross Sq Ft: 2322
  • Condo Model Name: Ranch
  • Directions: Town Farm Road to Old Farms Lane towards rear, stay left to end of complex
  • Special Features: None

Interior Features

  • Room Count: 5
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Description: Full, Interior Access, Storage, Unfinished
  • Appliances: Oven/Range, Refrigerator
  • Laundry Room Location: Upper & Lower
  • Attic: No
  • Street Number Modifier: 118

Exterior Features

  • Exterior Features: Gutters, Lighting
  • Exterior Siding: Brick
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Assigned Parking, Carport, Detached Garage
  • Garages Number: 1

Utilities

  • Heat Type: Radiant, Zoned
  • Heat Fuel Type: Electric
  • Water Source: Private Water System
  • Sewer: Septic

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Insurance, Property Management, Pest Control
  • Complex Name: Old Farms
  • Levels In Unit: 2
  • HOA Fees: 218
  • HOA: Yes

Schools

  • Elementary School: Hill & Plain
  • Middle School: Schaghticoke
  • High School: New Milford
  • Intermediate School: Sarah Noble

Lot Info

  • Lot Description: Level Lot
  • Zoning: RM

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: July 2016-June 2017
  • Property Tax: 2472
  • Total Assessed Value: 92330
  • Mil Rate Base: 26.770
  • Mil Rate Total: 26.770
  • Tax District Amount: 70
  • Assessor Parcel Number: 1871522

Multi Family

  • Total Num Of Units: 134

MLS Schools

  • Elementary School: Hill & Plain
  • Middle Jr High School: Schaghticoke
  • High School: New Milford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2016
Closed on
Aug 19, 2016
Sold by
Ferriss Evelyn L
Bought by
Nicholas Kerryn
Seller's Agent
Todd Sargent
Coldwell Banker Realty
Buyer's Agent
Mark Solomon
Coldwell Banker Realty
List Price
$129,900
Sold Price
$135,000
Premium/Discount to List
$5,100
3.93%
Current Estimated Value
$275,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,515
Avg. Annual Appreciation
8.07%
Original Mortgage
$108,000
Outstanding Balance
$86,678
Interest Rate
3.41%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$185,027
Source: Public Records

Range of Values:

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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
Nicholas Kerryn $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nicholas Kerryn $108,000
Previous Owner Ferriss Samuel $56,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2016 08/19/16 Sold $135,000 +3.9% $71 / Sq Ft
07/20/2016 07/20/16 Pending -- -- --
04/15/2016 04/15/16 For Sale $129,900 -- $68 / 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 $5,861 $192,150 $0 $192,150
2024 $3,226 $108,360 $0 $108,360
2023 $3,140 $108,360 $0 $108,360
2022 $3,072 $108,360 $0 $108,360
2021 $3,031 $108,360 $0 $108,360
2020 $2,648 $92,330 $0 $92,330
2019 $2,650 $92,330 $0 $92,330
2018 $2,601 $92,330 $0 $92,330
2017 $2,516 $92,330 $0 $92,330
2016 $2,472 $92,330 $0 $92,330
2015 $3,035 $113,470 $0 $113,470
2014 $2,984 $113,470 $0 $113,470
Source: Public Records

Agents Affiliated with this Home

  • Todd Sargent

    Seller's Agent in 2016

    Todd Sargent

    Coldwell Banker Realty

    (203) 948-1729

    121 in this area

    217 Total Sales

    Section Image

  • M

    Buyer's Agent in 2016

    Mark Solomon

    Coldwell Banker Realty

    (203) 770-2756

    2 in this area

    2 Total Sales

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Map

Source: SmartMLS

MLS Number: 99141984

SmartMLS

APN: NMIL-000023-000000-000010-000118

Connecticut Litchfield County New Milford 06776

118 Old Farms Ln Unit 118, New Milford, CT

This home is located at 118 Old Farms Ln Unit 118, New Milford, CT 06776 since 15 April 2016 and is currently estimated at $275,515, approximately $145 per square foot. This property was built in 1971. 118 Old Farms Ln Unit 118 is a home located in Litchfield County with nearby schools including Hill And Plain Elementary School, Sarah Noble Intermediate School, and Schaghticoke Middle School.

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.

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