NOT LISTED FOR SALE

18 Summit Rd Prospect, CT 06712

Estimated Value: $503,000 - $701,000

3 Beds
3 Baths
1,987 Sq Ft
$315/Sq Ft Est. Value

Last Sold July 20, 2018

Last sale price $324,000 $163 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $4,094/month

5 Days on Market

Highlights

  • Partially Wooded Lot
  • 1 Fireplace
  • 2 Car Detached Garage
  • Attic
  • No HOA
  • Thermal Windows

About This Home

As of July 2018

This is a unique property which offer a legal 2 family in the town of Prospect. Main house has major update by owner of 30 years & great charm of yesteryear. Great room with beautiful woodwork, built in book shelf, wood bin for wood burning fireplace & picture window with views of private yard. D.R, Master bedroom & full bath. Step down to newly remodeled top of the line kitchen w/granite, & white cabinets, under cabinet lighting, all appl's, kitchen breakfast bar & pantry closet. Steps down to middle room which can be either dining area, game room or living room for possible in law set up with 2nd bedroom & full bath. 2 car att. car. Upstairs 3 room fully furnished apt. which is rented for $775.00 monthly with all utilities. Finished rec room & laundry in basement. 1 car detached garage in rear yard. Park like setting in level private rear yard with outside fireplace & bluestone patio.

Last Agent to Sell the Property

Deborah Ridolfi

Pavlik Real Estate LLC License #RES.0573981 Listed on: 05/17/2018

Last Buyer's Agent

Edward Grant

Sette Real Estate LLC License #RES.0758250

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,944

Year Built

  • Built in 1949

Lot Details

  • 0.95 Acre Lot
  • Level Lot
  • Partially Wooded Lot
  • Many Trees
  • Garden

Home Design

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

Interior Spaces

  • 1,987 Sq Ft Home
  • 1 Fireplace
  • Thermal Windows
  • Basement Fills Entire Space Under The House
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Driveway

Accessible Home Design

  • Accessible Ramps

Outdoor Features

  • Patio
  • Exterior Lighting

Location

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

Schools

  • Prospect Elementary School
  • Long River Middle School
  • Woodland Regional High School

Utilities

  • Zoned Heating
  • Radiator
  • Baseboard Heating
  • Heating System Uses Oil
  • Private Company Owned Well
  • Electric Water Heater
  • Fuel Tank Located in Basement

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,944

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 1987
  • Public Record Living Room Sq Ft: 1987
  • Total Sq Ft: 1987
  • Year Built: 1949
  • Nearby Amenities: Basketball Court, Golf Course, Health Club, Library, Medical Facilities, Park, Putting Green, Shopping/Mall
  • Remarks Public Addendum: Note-also listed as single family under MLS # 170080274. Can be used as single family with a 4 bedroom approved septic system but only used as single family permit of legal 2 family is lost under Town of Prospect's zoning reg's
  • Property Sub Type: 2 Family
  • Handicap Features: Ramps
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 2871
  • Directions: Rt. 69 to Summit Rd
  • Special Features: None

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Fireplaces: 1
  • Attic Description: Access Via Hatch
  • Basement Description: Full
  • Laundry Room Location: for main house only
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes

Exterior Features

  • Exterior Features: Garden Area, Lighting, Patio, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

  • Heat Type: Baseboard, Radiator, Zoned
  • Heat Fuel Type: Electric, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No

Schools

  • Intermediate School: Per Board of Ed

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.9500
  • Lot Description: Level Lot, Lightly Wooded, Treed
  • Zoning: RA-1

Multi Family

  • Unit Count: 2
  • Total Multi Family: 10
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2017-June 2018
  • Property Tax: 4944
  • Mil Rate Base: 31.250
  • Assessor Parcel Number: 1316367

MLS Schools

  • Elementary School: Prospect
  • Middle Jr High School: Long River
  • High School: Woodland Regional

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2018
Closed on
Jul 23, 2018
Sold by
Trapp Paul A and Trapp Elaine T
Bought by
Mayo Joseph and Williams Jessica
Seller's Agent
Deborah Ridolfi
Pavlik Real Estate LLC
Buyer's Agent
Edward Grant
Sette Real Estate LLC
List Price
$319,900
Sold Price
$324,000
Premium/Discount to List
$4,100
1.28%
Current Estimated Value
$626,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$302,872
Avg. Annual Appreciation
9.34%
Original Mortgage
$318,131
Outstanding Balance
$275,708
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$351,164
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mayo Joseph $324,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mayo Joseph $318,131
Previous Owner Mayo Joseph $290,140
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2018 07/20/18 Sold $324,000 +1.3% $163 / Sq Ft
05/22/2018 05/22/18 Pending -- -- --
05/17/2018 05/17/18 For Sale $319,900 -- $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 $9,565 $374,080 $79,730 $294,350
2024 $8,433 $262,380 $79,740 $182,640
2023 $8,375 $262,380 $79,740 $182,640
2022 $8,383 $262,380 $79,740 $182,640
2021 $4,915 $152,160 $79,740 $72,420
2020 $4,999 $158,200 $79,740 $78,460
2019 $4,896 $158,200 $79,740 $78,460
2018 $4,904 $158,200 $79,740 $78,460
2017 $4,944 $158,200 $79,740 $78,460
2016 $4,732 $158,200 $79,740 $78,460
2015 $4,653 $159,170 $79,730 $79,440
2014 $4,613 $159,170 $79,730 $79,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170084605

SmartMLS

APN: PROS-000109-000148-000018