NOT LISTED FOR SALE

325 Reef Rd Fairfield, CT 06824

Fairfield Beach Neighborhood

Estimated Value: $1,284,000 - $1,376,053

3 Beds
3 Baths
2,510 Sq Ft
$526/Sq Ft Est. Value

Last Sold September 06, 2024

Last sale price $1,225,000 $488 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $9,183/month

57 Days on Market

Highlights

  • Beach Access
  • New Construction
  • Property is near public transit and shops
  • Roger Sherman Elementary School Rated A
  • Deck
  • Thermal Windows

About This Home

As of September 2024

Wonderful townhome...Reef Rd at Fairfield Beach complex. Open floor plan includes kitchen, living and dining areas that lead onto balcony. Enter townhome from Flo thru garage which includes storage. The main level also includes a bedroom and full bath. Primary bedroom on upper level features lovely bath with separate tub and shower. Additional 2 bedrooms on this level. Elevator installation possible. Short and pleasant walk to beach and downtown Fairfield. Amenities include shopping, dining, theatre, train. Easy to show!

Last Agent to Sell the Property

Jodi Langford

Coldwell Banker Realty License #RES.0384320 Listed on: 06/20/2024

Coldwell Banker Realty

Last Buyer's Agent

Lorne Mitchell

William Pitt Sotheby's Int'l License #RES.0818033

William Pitt Sotheby's Int'l

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $11,661

Year Built

  • Built in 2023 | New Construction

HOA Fees

  • $783 Monthly HOA Fees

Home Design

  • Frame Construction
  • HardiePlank Siding

Interior Spaces

  • 2,510 Sq Ft Home
  • Thermal Windows

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Parking Deck
  • Automatic Garage Door Opener

Outdoor Features

  • Beach Access
  • Deck

Location

  • Property is near public transit and shops

Schools

  • Roger Sherman Elementary School
  • Roger Ludlowe Middle School
  • Fairfield Ludlowe High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Tankless Water Heater

Community Details

Overview

  • Association fees include grounds maintenance, trash pickup, snow removal, water, sewer, property management, road maintenance, insurance
  • 9 Units
  • Property managed by Felner Corporation

Amenities

  • Public Transportation

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$11,661

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$783 per month

Listing Details

  • Neighborhood: Beach
  • Property Type: Condo/Co-Op For Sale
  • Style: Townhouse
  • Sq Ft Est Heated Above Grade: 2510
  • Total Sq Ft: 2510
  • Year Built: 2023
  • New Construction: Completed/Never Occupied
  • Nearby Amenities: Library, Medical Facilities, Public Transportation, Shopping/Mall
  • Property Sub Type: Condominium
  • Direct Waterfront: No
  • End Unit: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Condo Model Name: The Reef at Fairfield Beach
  • Directions: Post Rd to Reef Rd, complex on Left
  • Financing Used: Cash
  • Spec Assoc Asses: No
  • Street Type: Road
  • Special Features: NewHome

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement Description: None
  • Interior Amenities: Auto Garage Door Opener
  • Appliances: Gas Range, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Laundry Room Info: Upper Level
  • Attic: No

Exterior Features

  • Exterior Features: Deck
  • Exterior Siding: Hardie Board
  • Waterfront Description: Beach Rights
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 2
  • Garage And Parking: Tandem

Utilities

  • Cooling System: Central Air
  • Heat Type: Gas on Gas
  • Hot Water Description: Tankless Hotwater
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Trash Pickup, Snow Removal, Water, Sewer, Property Management, Road Maintenance, Insurance
  • HOA Fees: 783
  • HOA Fee Frequency: Monthly
  • Property Management Type: Professional-Off Site
  • Property Mgt Company Name: Felner Corporation
  • Total Number of Units In Complex: Reef Road

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Lot Description: Level Lot
  • Zoning: Res
  • Parcel #: 999999999

Rental Info

  • Pets Allowed Info: Allowed
  • Pets Allowed: Yes

Multi Family

  • Total Number Of Units: 9

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 11661

MLS Schools

  • Elementary School: Roger Sherman
  • Middle Jr High School: Roger Ludlowe
  • High School: Fairfield Ludlowe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2024
Closed on
Sep 5, 2024
Sold by
325 Reef Rd Llc
Bought by
Sandra A Bowers Lt and Bowers
Seller's Agent
Jodi Langford
Coldwell Banker Realty
Buyer's Agent
Lorne Mitchell
William Pitt Sotheby's Int'l
List Price
$1,299,000
Sold Price
$1,225,000
Premium/Discount to List
-$74,000
-5.7%
Views
48
Current Estimated Value
$1,320,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,013
Avg. Annual Appreciation
5.65%

Purchase Details

Closed on
Jan 18, 2024
Sold by
Phoenix At Reef Rd Corp
Bought by
325 Reef Rd Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
7.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 2022
Sold by
Brothers Hldg Inc
Bought by
Phoenix At Reef Road Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,212,500
Interest Rate
4.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 2016
Sold by
Aca Distributors Inc
Bought by
Brothers Hldg Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,065,000
Interest Rate
3.94%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Sandra A Bowers Lt $1,225,000 None Available
Sandra A Bowers Lt $1,225,000 None Available
Sandra A Bowers Lt $1,225,000 None Available
325 Reef Rd Llc $1,200,000 None Available
325 Reef Rd Llc $1,200,000 None Available
325 Reef Rd Llc $1,200,000 None Available
Phoenix At Reef Road Corp $2,950,000 None Available
Phoenix At Reef Road Corp $2,950,000 None Available
Phoenix At Reef Road Corp $2,950,000 None Available
Brothers Hldg Inc -- --
Brothers Hldg Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 325 Reef Rd Llc $720,000
Previous Owner Phoenix At Reef Road Corp $2,212,500
Previous Owner Brothers Hldg Inc $1,065,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2024 09/06/24 Sold $1,225,000 -5.7% $488 / Sq Ft
08/16/2024 08/16/24 Pending -- -- --
06/20/2024 06/20/24 For Sale $1,299,000 -- $518 / 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 $18,790 $661,850 $0 $661,850
2024 $18,466 $661,850 $0 $661,850
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jodi Langford

    Coldwell Banker Realty

    (203) 733-8804

    3 in this area

    14 Total Sales

    Jodi Langford
    Section Image
  • Lorne Mitchell

    Buyer's Agent in 2024

    Lorne Mitchell

    William Pitt

    (310) 403-9792

    2 in this area

    2 Total Sales

    Lorne Mitchell
    Section Image
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Map

Source: SmartMLS

MLS Number: 24027047

SmartMLS

APN: FAIR M:182 B:216 L:325

Connecticut Fairfield County Fairfield 06824 Fairfield Beach

325 Reef Rd, Fairfield, CT

Not Listed for Sale

Townhouses

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