NOT LISTED FOR SALE

174 Boston Post Rd East Lyme, CT 06333

Estimated Value: $379,000 - $449,000

4 Beds
3 Baths
2,844 Sq Ft
$140/Sq Ft Est. Value

Last Sold August 03, 2022

Last sale price $311,000 $109 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,520/month

3 Days on Market

Highlights

  • Deck
  • No HOA
  • Storm Windows
  • East Lyme Middle School Rated A-
  • Balcony
  • Property is near shops

About This Home

As of August 2022

Unique opportunity to own a 3 family in East Lyme! Property consists of (2) 1 bedroom units with 1 bath and (1) 2 bedroom unit. Property is ready to be rented, separate heat and electricity, city water and sewer. Large flat yard with plenty of room for parking. Current tenant has rented their unit for 30 years. Zoned for commercial usage. Conveniently located- minutes to I-95 and I-395, close to shopping, restaurants, and downtown Niantic.

Last Agent to Sell the Property

Lee Barr

William Raveis Real Estate License #RES.0802818 Listed on: 07/11/2022

William Raveis Real Estate

Co-Listed By

Ann Carpenter

RE/MAX on the Bay License #REB.0755917

Last Buyer's Agent

Traci Pazzaglia

Berkshire Hathaway NE Prop. License #RES.0777485

Berkshire Hathaway NE Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,347

Year Built

  • Built in 1930

Lot Details

  • 0.29 Acre Lot
  • Level Lot

Home Design

  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding

Interior Spaces

  • 2,844 Sq Ft Home
  • Partial Basement
  • Storm Windows

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • Parking Deck
  • Dirt Driveway
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck
  • Rain Gutters

Location

  • Property is near shops
  • Property is near a golf course

Utilities

  • Heating System Uses Oil Above Ground
  • Heating System Uses Propane
  • Propane Water Heater

Community Details

  • No Home Owners Association
  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,347

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2844
  • Public Record Living Room Sq Ft: 2844
  • Total Sq Ft: 2844
  • Year Built: 1930
  • Nearby Amenities: Golf Course, Lake, Shopping/Mall
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 5408
  • Tax Year Updated Dt: 07/11/2022
  • Directions: At Flanders 4 Corners- go straight unto US Route 1 - on left side of road- gps friendly
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Description: Partial With Hatchway
  • Laundry Room Location: unit A - only 1
  • Laundry Room Info: Hook-Up In Unit 1
  • Attic: No

Exterior Features

  • Exterior Features: Balcony, Deck, Gutters, Sidewalk
  • Exterior Siding: Aluminum
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking
  • Driveway Type: Private, Crushed Stone, Dirt

Utilities

  • Heat Type: Gravity Warm Air
  • Heat Fuel Type: Propane
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Electric, Propane
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Green Features

  • Energy Features: Storm Windows

Lot Info

  • Acres: 0.2900
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: CA

Multi Family

  • Unit Count: 3
  • Total Multi Family: 11
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 4347
  • Mil Rate Base: 23.840
  • Assessor Parcel Number: 1471026

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2022
Closed on
Aug 2, 2022
Sold by
Derrig Peter J
Bought by
283 Bpr Llc
Seller's Agent
Lee Barr
William Raveis Real Estate
Buyer's Agent
Traci Pazzaglia
Berkshire Hathaway NE Prop.
List Price
$309,900
Sold Price
$311,000
Premium/Discount to List
$1,100
0.35%
Current Estimated Value
$397,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,756
Avg. Annual Appreciation
7.67%

Purchase Details

Closed on
Jul 18, 2005
Sold by
Skinner Barbara
Bought by
Derrig Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
283 Bpr Llc $311,000 None Available
283 Bpr Llc $311,000 None Available
Derrig Peter $160,000 --
Derrig Peter $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Derrig Peter $10,000
Previous Owner Derrig Peter $153,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2022 08/03/22 Sold $311,000 +0.4% $109 / Sq Ft
07/14/2022 07/14/22 Pending -- -- --
07/11/2022 07/11/22 For Sale $309,900 -- $109 / 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 $5,108 $182,350 $48,720 $133,630
2024 $4,805 $182,350 $48,720 $133,630
2023 $4,537 $182,350 $48,720 $133,630
2022 $4,347 $182,350 $48,720 $133,630
2021 $4,217 $147,910 $56,280 $91,630
2020 $4,195 $147,910 $56,280 $91,630
2019 $4,170 $147,910 $56,280 $91,630
2018 $4,045 $147,910 $56,280 $91,630
2017 $3,869 $147,910 $56,280 $91,630
2016 $3,937 $155,260 $52,430 $102,830
2015 $3,836 $155,260 $52,430 $102,830
2014 $3,731 $155,260 $52,430 $102,830
Source: Public Records

Agents Affiliated with this Home

  • Lee Barr

    Seller's Agent in 2022

    Lee Barr

    William Raveis Real Estate

    (860) 207-6780

    8 in this area

    106 Total Sales

    Lee Barr
    Section Image
  • Ann Carpenter

    Seller Co-Listing Agent in 2022

    Ann Carpenter

    RE/MAX

    (860) 823-9567

    61 in this area

    235 Total Sales

    Ann Carpenter
    Section Image
  • Traci Pazzaglia

    Buyer's Agent in 2022

    Traci Pazzaglia

    Berkshire Hathaway Home Services

    (860) 705-3017

    17 in this area

    18 Total Sales

    Traci Pazzaglia
    Section Image
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Map

Source: SmartMLS

MLS Number: 170507818

SmartMLS

APN: ELYM-003101-000022

Connecticut New London County East Lyme 06333

174 Boston Post Rd, East Lyme, CT

Not Listed for Sale

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