NOT LISTED FOR SALE

38 Terrace Ave Niantic, CT 06357

Niantic Neighborhood

Estimated Value: $430,000 - $623,000

3 Beds
7 Baths
1,418 Sq Ft
$387/Sq Ft Est. Value

Last Sold August 22, 2012

Last sale price $320,000 $226 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,502/month

99 Days on Market

Highlights

  • Colonial Architecture
  • Attic
  • Baseboard Heating
  • East Lyme Middle School Rated A-
  • Thermal Windows
  • Level Lot

About This Home

As of August 2012

Completely redone 1800's cottage in crescent beach. Known as "honeysuckle hill", this home boasts granite countertops, french doors, windows galore, wrap-around porch for summer nights. Bright with open floor plan. Walk to beaches. Plenty of parking.

Last Agent to Sell the Property

Beverly Nebelung

Berkshire Hathaway NE Prop. License #RES.0771919 Listed on: 03/15/2012

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Bill Heenan

William Raveis Real Estate License #REB.0754903

William Raveis Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,861

Year Built

  • Built in 1880

Lot Details

  • 10,019 Sq Ft Lot
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Colonial Architecture
  • Cedar Siding
  • Shake Siding

Interior Spaces

  • 1,418 Sq Ft Home
  • Thermal Windows
  • Crawl Space
  • Storage In Attic

Kitchen

  • Oven or Range
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Niantic Center Elementary School
  • ELHS High School

Utilities

  • Baseboard Heating
  • Heating System Uses Oil Above Ground
  • Heating System Uses Propane
  • Propane Water Heater
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,861

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Neighborhood: Niantic
  • Property Type: Single Family For Sale
  • Style: Colonial
  • Total Sq Ft: 1418
  • Year Built: 1880
  • Direct Waterfront: No
  • Directions: Black point road-bear left at underpass-take 1st right onto central ave to enter driveway in rear of house...Otherwise take 2nd right onto terrace-park in front.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 3
  • Total Bedrooms: 3
  • Total Bathrooms: 7.00
  • Full Bathrooms: 2
  • Half Bathrooms: 5
  • Attic Description: Storage Space
  • Basement Description: Crawl Space
  • Interior Amenities: Cable - Available
  • Appliances: Dishwasher, Oven/Range, Range Hood
  • Laundry Room Location: First Floor
  • Attic: Yes
  • Street Number Modifier: 38

Exterior Features

  • Exterior Siding: Cedar, Shake
  • Swimming Pool: No

Garage/Parking

  • Driveway Type: Gravel

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Propane
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Propane
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Niantic Center
  • High School: Elhs

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.2300
  • Lot Description: Level Lot

Rental Info

  • Lease Purchase: No

Tax Info

  • Property Tax: 3861
  • Total Assessed Value: 198310
  • Assessor Parcel Number: 1465992

MLS Schools

  • Elementary School: Niantic Center
  • High School: Elhs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2012
Closed on
Aug 23, 2012
Sold by
White Knight Dev Llc
Bought by
Nicholas Thomas M and Nicholas Mary M
Seller's Agent
Beverly Nebelung
Berkshire Hathaway NE Prop.
Buyer's Agent
Bill Heenan
William Raveis Real Estate
List Price
$369,000
Sold Price
$320,000
Premium/Discount to List
-$49,000
-13.28%
Current Estimated Value
$549,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,377
Avg. Annual Appreciation
3.94%
Original Mortgage
$170,000
Outstanding Balance
$118,689
Interest Rate
3.61%
Estimated Equity
$410,472
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
Nicholas Thomas M $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nicholas Thomas M $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2012 08/22/12 Sold $320,000 -13.3% $226 / Sq Ft
06/22/2012 06/22/12 Pending -- -- --
03/15/2012 03/15/12 For Sale $369,000 -- $260 / 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 $6,182 $220,710 $95,830 $124,880
2024 $5,816 $220,710 $95,830 $124,880
2023 $5,491 $220,710 $95,830 $124,880
2022 $5,262 $220,710 $95,830 $124,880
2021 $5,319 $186,550 $91,490 $95,060
2020 $5,291 $186,550 $91,490 $95,060
2019 $5,259 $186,550 $91,490 $95,060
2018 $5,102 $186,550 $91,490 $95,060
2017 $4,880 $186,550 $91,490 $95,060
2016 $5,272 $207,900 $113,260 $94,640
2015 $5,137 $207,900 $113,260 $94,640
2014 $4,996 $207,900 $113,260 $94,640
Source: Public Records

Agents Affiliated with this Home

  • Beverly Nebelung

    Seller's Agent in 2012

    Beverly Nebelung

    Berkshire Hathaway Home Services

    (860) 625-5034

    7 in this area

    52 Total Sales

    Beverly Nebelung
    Section Image
  • Bill Heenan

    Buyer's Agent in 2012

    Bill Heenan

    William Raveis Real Estate

    (860) 850-2697

    15 in this area

    805 Total Sales

    Bill Heenan
    Section Image
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Map

Source: SmartMLS

MLS Number: E256249

SmartMLS

APN: ELYM-000801-000122

Connecticut New London County Niantic 06357 Niantic

38 Terrace Ave, Niantic, CT

This home is located at 38 Terrace Ave, Niantic, CT 06357 since 15 March 2012 and is currently estimated at $549,377, approximately $387 per square foot. This property was built in 1880. 38 Terrace Ave is a home located in New London County with nearby schools including East Lyme Middle School, East Lyme High School, and Carelot Children's Center - East Lyme.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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