NOT LISTED FOR SALE

38 Hope St Unit 1308 Niantic, CT 06357

Niantic Neighborhood

Estimated Value: $344,672 - $377,000

2 Beds
2 Baths
1,071 Sq Ft
$60/mo HOA Fee

Last Sold November 23, 2021

Last sale price $250,000 $233 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $2,398/month

170 Days on Market

Highlights

  • Open Floorplan
  • Ranch Style House
  • Thermal Windows
  • East Lyme Middle School Rated A-
  • Gazebo
  • Intercom

About This Home

As of November 2021

Delightful 2 bedroom, 2 full bath one level condo on the 3rd floor. Easy access with the elevator and a short walk to the condo. Open floor plan makes this unit have a very spacious feel. Master Bedroom with full bath that includes a walk-in shower. Living room / dining room space allows for many different furniture layouts to fit your personal style. This is a rare opportunity to live on the shoreline, with low, low HOA monthly fees ($60) and lower yearly taxes ($3,657). Part of the (80%) Affordable Workforce Housing Program. Income restrictions apply: Household annual income limit may not exceed $49,616 for one person; $56,704 for two people and $63,792 for 3 people. So much to explore within walking distance; only one block from Main Street and the beach. Enjoy all the quaint village of Niantic has to offer: a variety of restaurants, the farmer’s market, McCook Park, the boardwalk, and of course, beaches! Kayaking, boating, and fishing in your own backyard at Dodge Pond! An amazing place to live! Buyer to assume the remaining sewer assessment of approximately $6,877.62

Last Agent to Sell the Property

The Bowes Team

RE/MAX on the Bay License #REB.0790080 Listed on: 04/30/2021

RE/MAX on the Bay

Last Buyer's Agent

Lisa Bernard

Coldwell Banker Realty License #RES.0792739

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,676

Year Built

  • Built in 2015

HOA Fees

  • $60 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,071 Sq Ft Home
  • Open Floorplan
  • Thermal Windows
  • Intercom
  • Laundry on main level

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Garage
  • Guest Parking
  • Visitor Parking
  • Parking Lot
  • Off-Street Parking

Schools

  • Niantic Center Elementary School
  • East Lyme Middle School
  • East Lyme High School

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Uses Propane
  • Underground Utilities
  • Propane Water Heater
  • Cable TV Available

Additional Features

  • Gazebo
  • Garden

Community Details

Overview

  • 118 Units
  • Seaside Village Community
  • Property managed by Northeast Property Group

Recreation

  • Park

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,676

Year Built

Built in 2015

Lot Details

0

HOA Fees

$60 per month

Listing Details

  • Neighborhood: Niantic
  • Property Type: Condo/Co-Op For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 1071
  • Public Record Living Room Sq Ft: 1071
  • Total Sq Ft: 1071
  • Year Built: 2015
  • Nearby Amenities: Lake, Park, Public Rec Facilities
  • Association Amenities: Guest Parking, Park
  • Property Sub Type: Condominium
  • Handicap Features: 32" Minimum Door Widths, Roll-In Shower
  • Direct Waterfront: No
  • End Unit: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Special Assessment Details: Sewer Assessment
  • Unit On Floor Number: 3
  • Public Record Gross Sq Ft: 1071
  • Tax Year Updated Dt: 08/02/2021
  • Condo Model Name: Greenwich
  • Directions: 38 Hope St, drive under front building. Unit 1308 is in the center building past the gazebo. Go in main entrance, take elevator to 3rd floor, exit elevator and go left, 1308 is 1st unit on left
  • Special Features: None

Interior Features

  • Room Count: 6
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Interior Amenities: Cable - Available, Elevator, Intercom, Open Floor Plan
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher, Disposal
  • Laundry Room Info: Main Level
  • Attic: No
  • Street Number Modifier: 38

Exterior Features

  • Exterior Features: Garden Area, Gazebo, Underground Utilities
  • Exterior Siding: Vinyl Siding
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Assigned Parking, Off Street Parking, Parking Lot
  • Garages Number: 1

Utilities

  • Cooling System: Central Air
  • Heat Type: Heat Pump
  • Heat Fuel Type: Propane
  • Hot Water Description: Propane
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Assess Description: Buyer to assume the remaining sewer assessment of approximately $6,877.62

Condo/Co-op/Association

  • Complex Name: Seaside Village
  • Levels In Unit: 1
  • HOA Fees: 60
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: Yes
  • Property Management Type: Professional-Off Site
  • Property Manager Email: emyers@neproperty.com
  • Property Manager Name: Eric Meyers
  • Property Mgt Company Name: Northeast Property Group
  • Property Mgt Phone: 860-437-7005

Schools

  • Elementary School: Niantic Center
  • Middle School: East Lyme
  • High School: East Lyme

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: CA

Rental Info

  • Pets Allowed Info: 1 dog under 55lbs, 2 cats
  • Pets Allowed: Yes

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 3676
  • Total Assessed Value: 128940
  • Mil Rate Base: 28.510
  • Mil Rate Total: 28.510
  • Assessor Parcel Number: 2643210

Multi Family

  • Total Num Of Units: 118

MLS Schools

  • Elementary School: Niantic Center
  • Middle Jr High School: East Lyme
  • High School: East Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2021
Closed on
Nov 23, 2021
Sold by
Donahue Linda B
Bought by
Stoddard John E
Seller's Agent
The Bowes Team
RE/MAX on the Bay
Buyer's Agent
Lisa Bernard
Coldwell Banker Realty
List Price
$282,000
Sold Price
$250,000
Premium/Discount to List
-$32,000
-11.35%
Current Estimated Value
$367,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,187
Avg. Annual Appreciation
10.43%
Original Mortgage
$200,000
Outstanding Balance
$184,416
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$176,109

Purchase Details

Listed on
Apr 13, 2017
Closed on
Sep 1, 2017
Sold by
Jv Hope St Llc
Bought by
Donahue Linda
Seller's Agent
Carolyn Morrison
Compass Connecticut, LLC
Buyer's Agent
The Bowes Team
RE/MAX on the Bay
List Price
$235,000
Sold Price
$235,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.47%
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 Buyer Sale Price Title Company
Stoddard John E $250,000 None Available
Donahue Linda -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stoddard John E $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2021 11/23/21 Sold $250,000 0.0% $233 / Sq Ft
10/17/2021 10/17/21 Pending -- -- --
07/17/2021 07/17/21 Price Changed $250,000 -7.4% $233 / Sq Ft
05/18/2021 05/18/21 Price Changed $270,000 -4.3% $252 / Sq Ft
04/30/2021 04/30/21 For Sale $282,000 +20.0% $263 / Sq Ft
09/01/2017 09/01/17 Sold $235,000 0.0% $222 / Sq Ft
07/19/2017 07/19/17 Pending -- -- --
04/13/2017 04/13/17 For Sale $235,000 -- $222 / 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 $3,721 $132,860 $0 $132,860
2024 $3,501 $132,860 $0 $132,860
2023 $3,306 $132,860 $0 $132,860
2022 $3,167 $132,860 $0 $132,860
2021 $3,676 $128,940 $0 $128,940
2020 $3,657 $128,940 $0 $128,940
2019 $4,989 $128,940 $0 $128,940
2018 $3,527 $128,940 $0 $128,940
2017 $3,373 $128,940 $0 $128,940
2016 $3,073 $121,170 $0 $121,170
2015 $322 $13,020 $0 $13,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170394256

SmartMLS

APN: ELYM-001102-000122-001308