Seller's Agent in 2020
Eric Engdall
Coldwell Banker Realty
(860) 705-6918
2 in this area
33 Total Sales
32 Crescent Ave Niantic, CT 06357
Niantic NeighborhoodEstimated Value: $589,000 - $700,000
6
Beds
3
Baths
3,081
Sq Ft
$206/Sq Ft
Est. Value
Highlights
- Beach Access
- Covered Deck
- Corner Lot
- East Lyme Middle School Rated A-
- Attic
- Balcony
About This Home
As of June 2020Located just two blocks from the beach in the desirable Crescent Beach association this rare two-family home is the perfect place for your year-round or summer retreat, live on one floor, and rent the other to generate a secondary income source. The first-floor unit has 3 bedrooms and two baths with the potential for a 4th bedroom with a full bath and walk-in closet while the second floor has 3 bedrooms and 1 bath. Each floor has had the heating system updated to high-efficiency propane combo units supplying both heat and hot water. Great for a multi-generational family or stay on one floor and Airbnb the other to create an additional revenue stream. Crescent Beach is nestled in the friendly seaside village of Niantic and is the only community on the Connecticut coast where it's Main St runs parallel to the Long Island Sound with restaurants, pubs, specialty shops, and a movie theater all within walking distance. As “a central summer meeting space” for Niantic’s Crescent Beach community since it opened in 1913, the Crescent Beach Stand, known for its breakfasts and ocean views, holds a special place in the hearts of those who visit this seaside neighborhood each year. NO FLOOD INSURANCE REQUIRED. Virtual showings are available.
Last Agent to Sell the Property
Coldwell Banker Realty License #RES.0784322 Listed on: 11/30/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,176
Year Built
- Built in 1930
Lot Details
- 6,534 Sq Ft Lot
- Corner Lot
- Level Lot
HOA Fees
- $17 Monthly HOA Fees
Home Design
- Block Foundation
- Stone Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 3,081 Sq Ft Home
- Ceiling Fan
- Thermal Windows
- Attic or Crawl Hatchway Insulated
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Dirt Floor
- Crawl Space
Parking
- Parking Deck
- Gravel Driveway
- Dirt Driveway
Outdoor Features
- Beach Access
- Walking Distance to Water
- Balcony
- Covered Deck
Location
- Property is near shops
Schools
- East Lyme High School
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Radiant Heating System
- Heating System Uses Oil Above Ground
- Bottled Gas Heating
- Programmable Thermostat
- Tankless Water Heater
- Propane Water Heater
Community Details
- Association fees include lake/beach access
- 2 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 30, 2019
Closed on
Jun 9, 2020
Sold by
Palmer Claudette and Palmer Everett
Bought by
Pafumi Heidi and Pafumi Mark
Seller's Agent
Eric Engdall
Coldwell Banker Realty
Buyer's Agent
Heidi Pafumi
Coldwell Banker Realty
List Price
$424,000
Sold Price
$377,000
Premium/Discount to List
-$47,000
-11.08%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,301
Avg. Annual Appreciation
9.79%
Purchase Details
Closed on
Jun 17, 1983
Bought by
Palmer Everett C
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pafumi Heidi | $377,000 | None Available | |
| Palmer Everett C | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Palmer Everett C | $69,500 | |
| Previous Owner | Palmer Everett C | $65,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/12/2020 06/12/20 | Sold | $377,000 | -4.8% | $122 / Sq Ft |
| 05/28/2020 05/28/20 | Pending | -- | -- | -- |
| 04/30/2020 04/30/20 | Price Changed | $396,000 | -6.6% | $129 / Sq Ft |
| 11/30/2019 11/30/19 | For Sale | $424,000 | 0.0% | $138 / Sq Ft |
| 02/05/2013 02/05/13 | Rented | $1,350 | 0.0% | -- |
| 02/01/2013 02/01/13 | Under Contract | -- | -- | -- |
| 01/23/2013 01/23/13 | For Rent | $1,350 | -- | -- |
Source: SmartMLS
Tax History Compared to Growth
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 | $7,219 | $257,740 | $89,880 | $167,860 |
| 2024 | $6,791 | $257,740 | $89,880 | $167,860 |
| 2023 | $6,413 | $257,740 | $89,880 | $167,860 |
| 2022 | $6,145 | $257,740 | $89,880 | $167,860 |
| 2021 | $5,342 | $187,390 | $85,750 | $101,640 |
| 2020 | $5,207 | $183,610 | $85,750 | $97,860 |
| 2019 | $5,176 | $183,610 | $85,750 | $97,860 |
| 2018 | $5,022 | $183,610 | $85,750 | $97,860 |
| 2017 | $4,803 | $183,610 | $85,750 | $97,860 |
| 2016 | $5,327 | $210,070 | $106,190 | $103,880 |
| 2015 | $5,191 | $210,070 | $106,190 | $103,880 |
| 2014 | $5,048 | $210,070 | $106,190 | $103,880 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Engdall
-
Heidi Pafumi
Buyer's Agent in 2020
Heidi Pafumi
Coldwell Banker Realty
(413) 687-4339
5 in this area
104 Total Sales
-
Marianne Malerba
Seller's Agent in 2013
Marianne Malerba
eXp Realty
(860) 608-9661
72 Total Sales
-
Brian Jermainne
Buyer's Agent in 2013
Brian Jermainne
Team Jermainne Real Estate Services, LLC
(860) 662-0230
1 in this area
74 Total Sales
Map
Source: SmartMLS
MLS Number: 170255119
APN: ELYM-001104-000006
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