$327,500
SOLD OCT 25, 2019

27 Terrace Place Extension New Milford, CT 06776

5 Beds
3 Baths
2,310 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$142 Per Sq Ft

4% Below List Price

90 Days on Market

Highlights

  • Deck
  • No HOA
  • 2 Car Detached Garage
  • 1 Fireplace
  • Screened Porch
  • Thermal Windows

About This Home

As of October 2019

Adorable In-Town 2 Family property that lives like a Single Family Home! Great investor opportunity or live in it and let your tenant help pay the rent! Have a need for an In-Law setup? This property works wonderfully for the multi-generational needs your family might have! Main house is a 3 bedroom, 2 full baths and the attached 2nd unit is a comfortable 2 bedroom, 1 bath. Add the detached 2 car garage with upper level loft area, and everyone has a covered place to park (ample extra parking in driveway!) and store all their stuff! A full basement is include for the whole building and both units have their own laundry setups! Oil forced hot air heat for all, separate utilities, fenced in private backyard with garden area, a deck for the 2nd unit and an enclosed patio for the main house and all just blocks off the Historic Village Green of New Milford, walking distance to all this quaint New England Town has to offer make this the ideal situation many buyers are seeking.

Last Agent to Sell the Property

Todd Sargent

Coldwell Banker Realty License #RES.0759978 Listed on: 07/13/2019

Coldwell Banker Realty

Last Buyer's Agent

Karen Danetiu

William Raveis Real Estate License #RES.0810504

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,525

Year Built

  • Built in 1920

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot
  • Garden

Home Design

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

Interior Spaces

  • 2,310 Sq Ft Home
  • 1 Fireplace
  • Thermal Windows
  • Screened Porch
  • Concrete Flooring
  • Storm Doors

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump
  • Basement Storage

Parking

  • 2 Car Detached Garage
  • Parking Deck
  • Shared Driveway
  • Off-Street Parking

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting
  • Shed
  • Rain Gutters

Location

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

Schools

  • Northville Elementary School
  • Schaghticoke Middle School
  • Sarah Noble Middle School
  • New Milford High School

Utilities

  • Heating System Uses Oil
  • 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

$5,525

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 2310
  • Public Record Living Room Sq Ft: 2310
  • Total Sq Ft: 2310
  • Year Built: 1920
  • Nearby Amenities: Golf Course, Health Club, Lake, Library, Medical Facilities, Park, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 4574
  • Tax Year Updated Dt: 07/29/2019
  • Directions: Bennitt Street to Terrace Place to Terrace Place Extension to #27 on left
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Fireplaces: 1
  • Basement Description: Full With Hatchway, Unfinished, Concrete Floor, Interior Access, Storage, Sump Pump
  • Laundry Room Location: Lower Level Laundry in Both Units!
  • Laundry Room Info: All Units Have Hook-Ups, Washer/Dryer All Units
  • Attic: No
  • Street Number Modifier: 27

Exterior Features

  • Exterior Features: Deck, Garden Area, Gutters, Lighting, Patio, Porch-Screened, Shed
  • Exterior Siding: Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage, Driveway, Off Street Parking
  • Garages Number: 2
  • Driveway Type: Shared

Utilities

  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Northville
  • Middle School: Schaghticoke
  • High School: New Milford
  • Intermediate School: Sarah Noble

Green Features

  • Energy Features: Storm Doors, Thermopane Windows

Lot Info

  • Acres: 0.1700
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: R8

Multi Family

  • Unit Count: 2
  • Total Multi Family: 11
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 5525
  • Total Assessed Value: 196140
  • Mil Rate Base: 28.170
  • Mil Rate Total: 28.170
  • Assessor Parcel Number: 1878583

MLS Schools

  • Elementary School: Northville
  • Middle Jr High School: Schaghticoke
  • High School: New Milford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2019
Closed on
Oct 25, 2019
Sold by
Durkin Robert A and Durkin Pamela A
Bought by
Ponce Kelly M and Colon Jesus
Seller's Agent
Todd Sargent
Coldwell Banker Realty
Buyer's Agent
Karen Danetiu
William Raveis Real Estate
List Price
$339,900
Sold Price
$327,500
Premium/Discount to List
-$12,400
-3.65%
Current Estimated Value
$514,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,239
Avg. Annual Appreciation
8.23%
Original Mortgage
$318,986
Outstanding Balance
$279,895
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$234,844

Purchase Details

Closed on
Sep 27, 1995
Sold by
Williams Harry C
Bought by
Durkin Robert A and Durkin Pamela A
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $327,500 --
Warranty Deed $327,500 --
Deed $138,000 --
Deed $138,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $318,986 FHA
Closed $318,986 FHA
Previous Owner $136,500 Credit Line Revolving
Previous Owner $40,000 No Value Available
Previous Owner $130,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2022 09/11/22 Rented $2,250 0.0% --
08/16/2022 08/16/22 For Rent $2,250 0.0% --
10/25/2019 10/25/19 Sold $327,500 -3.6% $142 / Sq Ft
10/11/2019 10/11/19 Pending -- -- --
07/13/2019 07/13/19 For Sale $339,900 0.0% $147 / Sq Ft
12/24/2015 12/24/15 Rented $1,150 -8.0% --
11/24/2015 11/24/15 Under Contract -- -- --
10/09/2015 10/09/15 For Rent $1,250 +8.7% --
03/15/2013 03/15/13 Rented $1,150 -4.2% --
03/06/2013 03/06/13 Under Contract -- -- --
11/26/2012 11/26/12 For Rent $1,200 -- --
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 $10,079 $330,470 $50,820 $279,650
2024 $6,214 $208,720 $39,110 $169,610
2023 $6,049 $208,720 $39,110 $169,610
2022 $5,917 $208,720 $39,110 $169,610
2021 $5,838 $208,720 $39,110 $169,610
2020 $5,625 $196,140 $40,600 $155,540
2019 $5,629 $196,140 $40,600 $155,540
2018 $5,525 $196,140 $40,600 $155,540
2017 $5,345 $196,140 $40,600 $155,540
2016 $5,251 $196,140 $40,600 $155,540
2015 $5,397 $201,740 $40,600 $161,140
2014 $5,306 $201,740 $40,600 $161,140
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170216038

SmartMLS

APN: NMIL-000035-000002-000062