$255,000
SOLD SEP 21, 2023

15 Freedom Way Unit 48 Niantic, CT 06357

2 Beds
1 Bath
1,236 Sq Ft
$102/mo HOA Fee

Recently Sold

$206 Per Sq Ft

16% Above List Price

49 Days on Market

Highlights

  • Deck
  • End Unit
  • Thermal Windows
  • East Lyme Middle School Rated A-
  • Walking Distance to Water
  • Guest Parking

About This Home

As of January 2025

Wonderful two-level, two bedroom and one full bath, Sea Spray Condo Unit, which is in the Niantic section of East Lyme, close to the beaches and Rocky Neck State Park. (This is an 80% Workforce - Affordable Housing Unit, which has strict income limits for a new buyer). This condo is an end unit, with an exterior deck, but not on ground level. There is an interior set of stairs that lead into the main level of the home. This unit has spacious living and dining room areas, with ample sized bedrooms and walk in closets. The kitchen has a slider leading out to an exterior deck. Laundry is in the unit, with central air and propane gas heating. Conventional financing must be used to purchase a Workforce Unit.

Last Agent to Sell the Property

John Troland

William Raveis Real Estate License #RES.0793858 Listed on: 08/03/2023

William Raveis Real Estate

Last Buyer's Agent

The Bowes Team

RE/MAX on the Bay License #REB.0790080

RE/MAX on the Bay

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,980

Year Built

  • Built in 2006

Lot Details

  • End Unit

HOA Fees

  • $102 Monthly HOA Fees

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,236 Sq Ft Home
  • Thermal Windows

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Parking Deck
  • Guest Parking
  • Visitor Parking

Outdoor Features

  • Walking Distance to Water
  • Deck

Schools

  • East Lyme High School

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Uses Propane
  • Programmable Thermostat
  • Electric Water Heater
  • Fuel Tank Located in Ground

Community Details

Overview

  • Association fees include grounds maintenance, trash pickup
  • 108 Units
  • Sea Spray Community
  • Property managed by Northeast Property Group

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,980

Year Built

Built in 2006

Lot Details

0

HOA Fees

$102 per month

Listing Details

  • Neighborhood: Niantic
  • Property Type: Condo/Co-Op For Sale
  • Style: Townhouse
  • Sq Ft Est Heated Above Grade: 1236
  • Public Record Living Room Sq Ft: 1236
  • Total Sq Ft: 1236
  • Year Built: 2006
  • Nearby Amenities: Basketball Court, Library, Park, Public Rec Facilities
  • Association Amenities: Guest Parking
  • 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: 2
  • Public Record Gross Sq Ft: 2042
  • Directions: West Main St. to Liberty Way, Take a left onto Freedom Way. Unit #48. Marked Visitor parking is nearby.
  • Special Features: None

Interior Features

  • Room Count: 3
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Oven/Range, Microwave, Refrigerator, Washer, Dryer
  • Laundry Room Location: In Unit Bathroom
  • Attic: No
  • Street Number Modifier: 15

Exterior Features

  • Exterior Features: Deck
  • Exterior Siding: Vinyl Siding
  • Waterfront Description: Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Assigned Parking
  • Total Parking Spaces: 1

Utilities

  • Cooling System: Central Air
  • Heat Type: Heat Pump, Hot Air
  • Heat Fuel Type: Propane
  • Fuel Tank Location: In Ground
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Trash Pickup
  • Complex Name: Sea Spray
  • Levels In Unit: 2
  • HOA Fees: 102
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Management Type: Professional-Off Site
  • Property Mgt Company Name: Northeast Property Group
  • Property Mgt Phone: 860-437-7005

Schools

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

Green Features

  • Energy Features: Programmable Thermostat, Thermopane Windows

Lot Info

  • Lot Description: Level Lot, Not Applicable
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: LI

Rental Info

  • Pets Allowed Info: Pets are allowed.
  • Pets Allowed: Yes

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 2980
  • Total Assessed Value: 119770
  • Mil Rate Base: 24.880
  • Mil Rate Total: 24.880
  • Assessor Parcel Number: 2549795

Multi Family

  • Total Num Of Units: 108

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2023
Closed on
Sep 21, 2023
Sold by
Andrews Pamella L
Bought by
Plona Lydia
Seller's Agent
John Troland
William Raveis Real Estate
Buyer's Agent
The Bowes Team
RE/MAX on the Bay
List Price
$219,000
Sold Price
$255,000
Premium/Discount to List
$36,000
16.44%
Total Days on Market
49
Views
85
Current Estimated Value
$250,711

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,289
Avg. Annual Appreciation
-0.95%
Original Mortgage
$204,000
Outstanding Balance
$200,812
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$49,899

Purchase Details

Closed on
Jan 3, 2011
Sold by
Opeka Janel and Cortes-Inostroza Luciano
Bought by
Andrews Pamella L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2007
Sold by
Sea Spray Homes Llc
Bought by
Opeka Janel and Cortes-Inostroza Luciano

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,860
Interest Rate
6.73%
Source: Public Records

Similar Homes in Niantic, CT

  • 81 E Pattagansett Rd Unit 17, Niantic, CT 06357

    $259,900

    • 2 Beds
    • 1 Bath
    • 931 Sq Ft
    • 81 E Pattagansett Rd
    • Unit 17
    • Niantic, CT

    Welcome to this well-maintained 2-bedroom, 1-bath condo nestled in one of the area's most desirable complexes. This charming unit features a spacious layout with plenty of natural light, an large kitchen, and a comfortable living area perfect for relaxing or entertaining. Enjoy the convenience of low-maintenance living with access to beautifully kept grounds and community amenities. Ideal for

    Victor Santana Santana Realty Group LLC

    Section Image
  • 81 E Pattagansett Rd Unit 52, Niantic, CT 06357

    $259,900

    • 2 Beds
    • 1 Bath
    • 1,387 Sq Ft
    • 81 E Pattagansett Rd
    • Unit 52
    • Niantic, CT

    Fully renovated 2-bedroom, 1-bathroom condo in the quaint town of Niantic, known for its beaches, boardwalk, dining, and shopping-all within walking distance. This condo, updated just 2 years ago, features new flooring, doors, windows, slider, granite counters, and appliances, including a washer and dryer on the lower level. One of the few units with upgraded mini-split HVAC systems air

    Kris Morin Real Broker CT, LLC

    Section Image
  • 11 King Arthur Dr Unit 6G, Niantic, CT 06357

    $215,000

    • 2 Beds
    • 1.5 Baths
    • 1,120 Sq Ft
    • 11 King Arthur Dr
    • Unit 6G
    • Niantic, CT

    Well maintained 2 bdrm, 1 1/2 bath townhouse. Open floor plan - Galley kitchen off of dining room with lots of cabinets. Large sunken Living Room with slider to newer deck overlooking the woods. Generous size bedrooms and second floor laundry. Common basement for storage. Short distance to downtown Niantic, beaches, restaurants, and shopping. Easy access to I95.

    Ann Carpenter RE/MAX on the Bay

    Section Image

Range of Values:

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 Type Sale Price Title Company
Warranty Deed $255,000 None Available
Warranty Deed $195,000 --
Warranty Deed $170,016 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $204,000 Purchase Money Mortgage
Previous Owner $100,000 Purchase Money Mortgage
Previous Owner $167,860 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2025 01/17/25 Sold $240,000 0.0% $194 / Sq Ft
12/23/2024 12/23/24 Pending -- -- --
11/18/2024 11/18/24 For Sale $240,000 -5.9% $194 / Sq Ft
09/25/2023 09/25/23 Pending -- -- --
09/21/2023 09/21/23 Sold $255,000 +16.4% $206 / Sq Ft
08/03/2023 08/03/23 For Sale $219,000 -- $177 / 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
2024 $3,156 $119,770 $0 $119,770
2023 $2,980 $119,770 $0 $119,770
2022 $2,855 $119,770 $0 $119,770
2021 $3,185 $111,720 $0 $111,720
2020 $3,168 $111,720 $0 $111,720
2019 $3,149 $111,720 $0 $111,720
2018 $3,056 $111,720 $0 $111,720
2017 $2,923 $111,720 $0 $111,720
2016 $2,778 $109,550 $0 $109,550
2015 $2,707 $109,550 $0 $109,550
2014 $2,632 $109,550 $0 $109,550
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170589019

SmartMLS

APN: ELYM-000900-000028-000048