Seller's Agent in 2024
Brendon Mansaku
SM Real Estate Advisors
(860) 605-7434
3 in this area
25 Total Sales
178 W Main St Niantic, CT 06357
1
Bed
1
Bath
4,785
Sq Ft
1.34
Acres
Highlights
- 1.34 Acre Lot
- Deck
- Baseboard Heating
- East Lyme Middle School Rated A-
About This Home
As of March 2024Welcome to Shady Oaks. This multifamily property consists of 8 separate cottages. 7 (1bd/1ba)/(Studio) cottage apartments that range from 450-600 sq/ft. 1 (2bd/1ba) single family home that is 818 sq/ft. Huge upside in raising rents on these year-round apartments or by possibly converting them into Airbnb/short term rental. Big value add play, potential to turn this property into 9 or 10 units total. A fire damaged duplex at the front of the property is waiting to be rebuilt. Seller has approvals for a single family on the same footprint. Proximity to the ocean, casinos, downtown Mystic CT, and more. Great location for tenants/short term rental. Great tenants currently! Please see financials attached in downloads for more detailed breakdown of each unit utilities. All units pay their own heat, hot water, and electric.
Last Agent to Sell the Property
SM Real Estate Advisors License #REB.0795048 Listed on: 05/16/2023
Last Buyer's Agent
Brian Sherwood
Keller Williams Realty License #RES.0813547
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,484
Year Built
- Built in 1930
Lot Details
- 1.34
Home Design
- 4,785 Sq Ft Home
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Parking
- Parking Deck
- Dirt Driveway
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Electric Water Heater
Additional Features
- Deck
- 1.34 Acre Lot
Community Details
- 8 Units
- Gross Income $92,000
Listing and Financial Details
- Assessor Parcel Number 1466767
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/01/2024 03/01/24 | Sold | $732,500 | -10.1% | $153 / Sq Ft |
| 10/12/2023 10/12/23 | For Sale | $815,000 | 0.0% | $170 / Sq Ft |
| 10/12/2023 10/12/23 | Pending | -- | -- | -- |
| 10/03/2023 10/03/23 | Price Changed | $815,000 | -9.4% | $170 / Sq Ft |
| 10/02/2023 10/02/23 | For Sale | $900,000 | 0.0% | $188 / Sq Ft |
| 06/01/2023 06/01/23 | Pending | -- | -- | -- |
| 05/16/2023 05/16/23 | For Sale | $900,000 | -- | $188 / Sq Ft |
Source: SmartMLS
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 | $8,425 | $300,790 | $99,890 | $200,900 |
| 2024 | $7,926 | $300,790 | $99,890 | $200,900 |
| 2023 | $7,484 | $300,790 | $99,890 | $200,900 |
| 2022 | $7,171 | $300,790 | $99,890 | $200,900 |
| 2021 | $9,655 | $338,660 | $115,290 | $223,370 |
| 2020 | $9,720 | $342,720 | $115,290 | $227,430 |
| 2019 | $9,661 | $342,720 | $115,290 | $227,430 |
| 2018 | $9,373 | $342,720 | $115,290 | $227,430 |
| 2017 | $8,966 | $342,720 | $115,290 | $227,430 |
| 2016 | $8,931 | $352,170 | $99,890 | $252,280 |
| 2015 | $8,702 | $352,170 | $99,890 | $252,280 |
| 2014 | $8,463 | $352,170 | $99,890 | $252,280 |
Source: Public Records
Agents Affiliated with this Home
-
Brendon Mansaku
-
B
Buyer's Agent in 2024
Brian Sherwood
Keller Williams Realty
Map
Source: SmartMLS
MLS Number: 170569789
APN: ELYM M:010.4 B:00026 L:00000
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