NOT LISTED FOR SALE

118 Wells Rd Monroe, CT 06468

Estimated Value: $685,088 - $729,000

4 Beds
2.5 Baths
2,702 Sq Ft
$261/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $531,000 $197 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $4,769/month

21 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • 1 Fireplace
  • Fawn Hollow Elementary School Rated A-
  • Attic
  • No HOA

About This Home

As of May 2021

FANTASTIC LOCATION! MOVE-IN CONDITION! This 4 bedroom, 2.5 bath Colonial home is located in a desirable walk-around, bike-around neighborhood and is perfectly situated between route 25 and Route 111 for all the conveniences of shopping, restaurants, major roads, schools & more! Close to everything! Updates and Special Features include New Stainless Steel Appliances in 2017, interior painted 2021, beautiful hardwood floors throughout most of the home, central air, generator hook-up, gutter guards, two-zone pet invisible fence, five-zone irrigation system, underground utilities, an AMAZING 15X19 Screened-In Porch with Vaulted Ceiling & Skylight and an adjoining 21X15 deck for entertaining! The many windows and complimentary skylights provide so much natural light in this home! This home is also eligible for membership to the Lakewood Estates Association which is exclusively available only to area residents for a nominal annual fee and offers a private beach, swimming area, picnic area & more! This home is truly a little bit of paradise in Monroe!

Last Agent to Sell the Property

Kathryn Schmitt

William Raveis Real Estate License #RES.0767186 Listed on: 04/08/2021

William Raveis Real Estate

Last Buyer's Agent

John Foran

Compass Connecticut, LLC License #RES.0232095

Compass Connecticut, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,761

Year Built

  • Built in 1974

Lot Details

  • 1.32 Acre Lot
  • Level Lot
  • Sprinkler System
  • Property is zoned RF1

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding

Interior Spaces

  • 2,702 Sq Ft Home
  • Ceiling Fan
  • 1 Fireplace
  • Entrance Foyer
  • Screened Porch
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Home Security System

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Attic

  • Attic Fan
  • Pull Down Stairs to Attic

Parking

  • 2 Car Attached Garage
  • Parking Deck
  • Driveway

Outdoor Features

  • Deck
  • Rain Gutters

Schools

  • Fawn Hollow Elementary School
  • Jockey Hollow Middle School
  • Masuk High School

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Oil
  • Underground Utilities
  • Power Generator
  • Oil Water Heater
  • Fuel Tank Located in Basement

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,761

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Neighborhood: Stepney
  • Property Type: Single Family For Sale
  • Style: Colonial
  • Sq Ft Est Heated Above Grade: 2702
  • Public Record Living Room Sq Ft: 2702
  • Total Sq Ft: 2702
  • Year Built: 1974
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 4764
  • Directions: Elm St to West Maiden Ln to Wells Rd
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 9
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Pull-Down Stairs
  • Basement Description: Full, Unfinished
  • Interior Amenities: Security System
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Additional Rooms: Foyer, Laundry Room
  • Laundry Room Info: Main Level
  • Attic: Yes
  • Street Number Modifier: 118

Exterior Features

  • Exterior Features: Deck, Gutters, Porch-Screened, Underground Sprinkler, Underground Utilities
  • Exterior Siding: Shake, Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

  • Cooling System: Attic Fan, Ceiling Fans, Central Air
  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Oil
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Elementary School: Fawn Hollow
  • Middle School: Jockey Hollow
  • High School: Masuk

Green Features

  • Energy Features: Generator Ready

Lot Info

  • Acres: 1.3200
  • Lot Description: Level Lot, Sloping Lot, Fence - Electric Pet
  • Flood Zone: No
  • Zoning: RF1

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 9761
  • Total Assessed Value: 275100
  • Mil Rate Base: 35.480
  • Mil Rate Total: 35.480
  • Assessor Parcel Number: 176441

MLS Schools

  • Elementary School: Fawn Hollow
  • Middle Jr High School: Jockey Hollow
  • High School: Masuk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2021
Closed on
May 24, 2021
Sold by
Bentley Charles J
Bought by
Gallo Katherine and Howie Douglas L
Seller's Agent
Kathryn Schmitt
William Raveis Real Estate
Buyer's Agent
John Foran
Compass Connecticut, LLC
List Price
$499,000
Sold Price
$531,000
Premium/Discount to List
$32,000
6.41%
Current Estimated Value
$705,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,772
Avg. Annual Appreciation
6.89%

Purchase Details

Listed on
Aug 1, 2016
Closed on
Apr 12, 2017
Sold by
Charlene Robb T
Bought by
Bentley Charles
Seller's Agent
Gilda Ferrara
Coldwell Banker Realty
Buyer's Agent
Michael Church
Michael Church
List Price
$435,900
Sold Price
$380,000
Premium/Discount to List
-$55,900
-12.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.44%
Original Mortgage
$373,117
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 27, 2015
Sold by
Robb Charlene
Bought by
Robb Charlene

Purchase Details

Closed on
Dec 6, 2002
Sold by
Osborne Robert A and Osborn Maryann
Bought by
Robb Douglas A and Robb Charlene L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.34%
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
Gallo Katherine $531,000 None Available
Gallo Katherine $531,000 None Available
Bentley Charles $380,000 --
Bentley Charles $380,000 --
Robb Charlene -- --
Robb Charlene -- --
Robb Douglas A $420,000 --
Robb Douglas A $420,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Osborne Robert $373,117
Previous Owner Osborne Robert $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2021 05/28/21 Sold $531,000 +6.4% $197 / Sq Ft
04/29/2021 04/29/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $499,000 +31.3% $185 / Sq Ft
04/11/2017 04/11/17 Sold $380,000 -12.8% $141 / Sq Ft
03/29/2017 03/29/17 Pending -- -- --
08/01/2016 08/01/16 For Sale $435,900 -- $161 / 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 $11,172 $389,670 $122,570 $267,100
2024 $10,528 $275,100 $106,500 $168,600
2023 $10,330 $275,100 $106,500 $168,600
2022 $10,140 $275,100 $106,500 $168,600
2021 $10,003 $275,100 $106,500 $168,600
2020 $9,761 $275,100 $106,500 $168,600
2019 $9,240 $259,700 $106,200 $153,500
2018 $9,152 $259,700 $106,200 $153,500
2017 $9,287 $259,700 $106,200 $153,500
2016 $9,090 $259,700 $106,200 $153,500
2015 $8,921 $259,700 $106,200 $153,500
2014 $8,874 $286,160 $134,610 $151,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170380851

SmartMLS

APN: MONR-000084-000056