NOT LISTED FOR SALE

2 Terrace Dr Sherman, CT 06784

Estimated Value: $546,000 - $953,000

2 Beds
2 Baths
1,708 Sq Ft
$458/Sq Ft Est. Value

Last Sold September 17, 2019

Last sale price $515,000 $302 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,707/month

3 Days on Market

Highlights

  • Beach Front
  • Barn
  • Deck
  • Guest House
  • Sub-Zero Refrigerator
  • Ranch Style House

About This Home

As of September 2019

This Lake House has it All!! Beautiful Year Round Views of Candlewood Lake, Incredible Professional Landscaping and Gardens, Updated 2 Bedroom plus Guest Room plus Studio Home on One Acre in The Gated Lake Community of Candlewood Lake Estates. Detached Two Car Garage and Studio with Full Bath and Views has Separate Newer Septic System! Access to 4 Beaches (2 on Candlewood Lake and 2 on Green Pond), Deeded Dock for Summer Fun. Huge Deck with Outdoor Kitchen, Garden Shed with Kids Playhouse, Computerized Irrigation System. Updated Kitchen with Granite and High End Appliances (Sub-Zero, Gaggenau, DCS). Open Concept Living/Dining/Kitchen with Gorgeous Wide Board Hardwood Floors Throughout, Stone Fireplace and Built-ins. Spa Like Bathroom with Jetted Tub, Separate Shower and Radiant Floors. Energy Efficient Dual Fuel Heating System and AC 4 Years Old with Remotely Controlled Smart Thermostat, 400 Foot Well 2 Years Old. Too Many Upgrades to List Here. Low Sherman Taxes, Great School, 90 Minutes to Manhattan. Call for a Showing, This Won't Last!!

Last Agent to Sell the Property

Bill Hunniford

Coldwell Banker Realty License #RES.0761637 Listed on: 06/05/2019

Coldwell Banker Realty

Last Buyer's Agent

Joe Chemero

Coldwell Banker Realty License #RES.0753862

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,420

Year Built

  • Built in 1960

Lot Details

  • 1 Acre Lot
  • Beach Front
  • Lake Front
  • Stone Wall
  • Sprinkler System
  • Partially Wooded Lot
  • Garden

HOA Fees

  • $112 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • HardiePlank Siding

Interior Spaces

  • 1 Fireplace
  • Water Views
  • Pull Down Stairs to Attic
  • Smart Thermostat

Kitchen

  • Gas Range
  • Range Hood
  • Sub-Zero Refrigerator
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Partially Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Garage Access
  • Basement Storage

Parking

  • 3 Car Detached Garage
  • Basement Garage
  • Tuck Under Garage
  • Parking Deck
  • Driveway

Outdoor Features

  • Wrap Around Balcony
  • Deck
  • Patio
  • Shed

Schools

  • Sherman Elementary School

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Uses Oil
  • Private Company Owned Well
  • Electric Water Heater
  • Fuel Tank Located in Basement

Additional Features

  • Guest House
  • Barn

Community Details

  • Candlewood Lake Estates Subdivision

Listing and Financial Details

  • Exclusions: Door Knocker and Light in Loft

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,420

Year Built

Built in 1960

Lot Details

0

HOA Fees

$112 per month

Listing Details

  • Property Type: Single Family For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 1008
  • Public Record Living Room Sq Ft: 1008
  • Sq Ft Est Heated Below Grade: 700
  • Total Sq Ft: 1708
  • Year Built: 1960
  • Nearby Amenities: Lake
  • Exclusions: Door Knocker and Light in Loft
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Tax Year Updated Dt: 07/29/2019
  • Directions: Hubbell Mt to Green Pond to Candlewood Lake Rd to Terrace
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 8
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Attic Description: Pull-Down Stairs
  • Basement Description: Full With Walk-Out, Partially Finished, Heated, Garage Access, Liveable Space, Storage
  • Appliances: Gas Range, Range Hood, Subzero, Dishwasher, Washer, Dryer
  • Laundry Room Info: Lower Level
  • Attic: Yes
  • Home Automation: Thermostat(s)

Exterior Features

  • Exterior Features: Barn, Deck, Garden Area, Guest House, Patio, Shed, Stone Wall, Underground Sprinkler, Wrap Around Deck
  • Exterior Siding: Hardie Board, Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Lake, Dock or Mooring, Beach, View
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage, Under House Garage
  • Garages Number: 3
  • Driveway Type: Paved

Utilities

  • Cooling System: Central Air
  • Heat Type: Heat Pump, Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA Fees: 1341
  • HOA Fee Frequency: Annually
  • HOA: Yes

Schools

  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 1.0000
  • Lot Description: Water View, Lightly Wooded, Professionally Landscaped
  • Zoning: Res

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 5420
  • Mil Rate Base: 19.810
  • Assessor Parcel Number: 310608

MLS Schools

  • Elementary School: Sherman
  • Middle Jr High School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2019
Closed on
Aug 26, 2019
Sold by
Charney Donald and Charney Phyllis O
Bought by
Mchugh Cormac and Mchugh Maria
Seller's Agent
Bill Hunniford
Coldwell Banker Realty
Buyer's Agent
Joe Chemero
Coldwell Banker Realty
List Price
$515,000
Sold Price
$515,000
Current Estimated Value
$782,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,260
Avg. Annual Appreciation
6.95%
Original Mortgage
$412,000
Outstanding Balance
$360,089
Interest Rate
3.6%
Estimated Equity
$422,171

Purchase Details

Closed on
Oct 8, 1992
Sold by
Odom Retha
Bought by
Smith Terry T
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
Mchugh Cormac $515,000 --
Smith Terry T $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mchugh Cormac $412,000
Previous Owner Smith Terry T $50,000
Previous Owner Smith Terry T $200,000
Previous Owner Smith Terry T $215,000
Previous Owner Smith Terry T $215,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2019 09/17/19 Sold $515,000 0.0% $302 / Sq Ft
06/08/2019 06/08/19 Pending -- -- --
06/05/2019 06/05/19 For Sale $515,000 -- $302 / 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 $5,901 $354,000 $115,500 $238,500
2024 $5,791 $354,000 $115,500 $238,500
2023 $6,308 $354,000 $115,500 $238,500
2022 $6,436 $354,000 $115,500 $238,500
2021 $6,599 $354,000 $115,500 $238,500
2020 $6,367 $333,200 $115,500 $217,700
2019 $5,420 $273,600 $115,500 $158,100
2018 $5,570 $274,000 $115,500 $158,500
2017 $5,570 $274,000 $115,500 $158,500
2016 $5,570 $273,980 $115,500 $158,480
2015 $5,491 $273,980 $115,500 $158,480
2014 $5,198 $262,010 $115,500 $146,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170202878

SmartMLS

APN: SHMN-000068-000000-000084