NOT LISTED FOR SALE
7 Beds
4 Baths
4,005 Sq Ft
10,019 Sq Ft Lot

Last Sold May 16, 2022

Last sale price $625,000 $156 Per Sq Ft

2 Days on Market

Highlights

  • Beach Front
  • Property is near public transit
  • Walking Distance to Water
  • East Lyme Middle School Rated A-
  • No HOA
  • Public Transportation

About This Home

As of May 2022

Unique opportunity to own a piece of downtown Niantic on Main St! Currently being used as a 4 family rental. Prior uses also included Real Estate office, retail space, and flower shop. Prime location in downtown Niantic with high visibility on the corner of Lake and Main St. Ample off-street parking at the rear of building. Each unit has separate furnaces and utilities. In walking distance to beaches, shopping, and restaurants. Don't miss this rare opportunity to own a piece of beautiful downtown Niantic.

Last Agent to Sell the Property

Nina Beebe

RE/MAX on the Bay License #RES.0800327 Listed on: 12/06/2021

RE/MAX on the Bay

Last Buyer's Agent

Patricia Pastor

RE/MAX on the Bay License #REB.0525097

RE/MAX on the Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,977

Year Built

  • Built in 1870

Lot Details

  • 10,019 Sq Ft Lot
  • Beach Front
  • Level Lot

Home Design

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

Interior Spaces

  • 4,005 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Parking

  • 8 Car Garage
  • Unpaved Parking
  • Parking Lot

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement

Additional Features

  • Walking Distance to Water
  • Property is near public transit

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,977

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Neighborhood: Niantic
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 4005
  • Public Record Living Room Sq Ft: 4005
  • Total Sq Ft: 4005
  • Year Built: 1870
  • Nearby Amenities: Park, Playground/Tot Lot, Public Pool, Public Rec Facilities, Public Transportation
  • Property Sub Type: 4 Family
  • Direct Waterfront: No
  • Encumbrances Restrictions: Subject to Probate
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Public Record Gross Sq Ft: 8136
  • Directions: GPS Friendly- corner of Main and Lake St
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Description: Full With Hatchway
  • Laundry Room Location: Laundry hook up only in the vacant unit.
  • Laundry Room Info: Hook-Up In Unit 1
  • Attic: No
  • Street Number Modifier: 393

Exterior Features

  • Exterior Siding: Wood
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Unpaved, Parking Lot
  • Garages Number: 8

Utilities

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

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.2300
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: CB

Multi Family

  • Unit Count: 4
  • Total Multi Family: 18
  • Total Num Of Units: 4

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 8977
  • Total Assessed Value: 314860
  • Mil Rate Base: 28.510
  • Mil Rate Total: 28.510
  • Assessor Parcel Number: 1467049

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2022 05/16/22 Sold $625,000 -3.8% $156 / Sq Ft
12/08/2021 12/08/21 Pending -- -- --
12/06/2021 12/06/21 For Sale $650,000 -- $162 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170455763

SmartMLS