NOT LISTED FOR SALE

4 Flanders Rd Niantic, CT 06357

Estimated Value: $370,613 - $574,000

3 Beds
3 Baths
2,428 Sq Ft
$193/Sq Ft Est. Value

Last Sold January 31, 2017

Last sale price $270,000 $111 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $2,857/month

211 Days on Market

Highlights

  • Water Views
  • Deck
  • Corner Lot
  • East Lyme Middle School Rated A-
  • Attic
  • No HOA

About This Home

As of January 2017

EXCELLENT INVESTMENT PROPERTY! 2 Unit building with rents totaling $2,800 month! 3/4 bed, 2 full bath house rented at $1,875/month and unit below has been rented to long term tenant at $925/month. Many recent upgrades including new interior/exterior paint, new kitchen, carpet, refinished hardwoods and repointed brick foundation.

Last Agent to Sell the Property

Karen Hanson

Stonington Realty, LLC License #REB.0759084 Listed on: 04/28/2016

Last Buyer's Agent

Dylan Walter

William Raveis Real Estate License #RES.0796079

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,410

Year Built

  • Built in 1900

Lot Details

  • 0.28 Acre Lot
  • Home fronts a stream
  • Corner Lot

Home Design

  • Cedar Siding
  • Shake Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2,428 Sq Ft Home
  • 3-Story Property
  • Water Views
  • Crawl Space
  • Attic or Crawl Hatchway Insulated

Parking

  • 4 Parking Spaces
  • Parking Deck
  • Off-Street Parking

Outdoor Features

  • Deck
  • Shed

Schools

  • Flanders Elementary School
  • East Lyme High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Oil
  • Heating System Uses Oil Above Ground
  • Oil Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,410

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: Niantic
  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: Units on different Floors
  • Total Sq Ft: 2428
  • Year Built: 1900
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Rte 95 to Exit 74. Take right off exit and house on right at intersection of Flanders and Roxbury. Fence in front of house.
  • Special Features: None
  • Stories: 3

Interior Features

  • Full Bathrooms: 3
  • Attic Description: Crawl Space
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes
  • Stories Number Of: 3
  • Street Number Modifier: 4

Exterior Features

  • Exterior Features: Deck, Shed
  • Exterior Siding: Cedar, Shake
  • Waterfront Description: Brook
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Off Street Parking
  • Total Parking Spaces: 4

Utilities

  • Cooling System: Wall Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Oil
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Flanders
  • High School: East Lyme

Lot Info

  • Acres: 0.2847
  • Lot Description: Corner Lot, Water View

Rental Info

  • Lease Purchase: No

Multi Family

  • Unit Count: 2
  • Total Num Of Units: 2

Tax Info

  • Property Tax: 3410
  • Total Assessed Value: 134470
  • Mil Rate Total: 25.360
  • Assessor Parcel Number: 1468071

MLS Schools

  • Elementary School: Flanders
  • High School: East Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2016
Closed on
Feb 1, 2017
Sold by
Rathbun Karen
Bought by
Harrington James
Seller's Agent
Karen Hanson
Stonington Realty, LLC
Buyer's Agent
Dylan Walter
William Raveis Real Estate
List Price
$279,000
Sold Price
$270,000
Premium/Discount to List
-$9,000
-3.23%
Current Estimated Value
$468,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,653
Avg. Annual Appreciation
6.03%
Original Mortgage
$265,109
Outstanding Balance
$221,152
Interest Rate
4.3%
Mortgage Type
FHA
Estimated Equity
$227,362

Purchase Details

Closed on
Dec 3, 2002
Sold by
Ross Jeffrey M
Bought by
Rathbun Karen L
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
Harrington James $270,000 --
Harrington James $270,000 --
Rathbun Karen L $192,000 --
Rathbun Karen L $192,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rathbun Karen L $265,109
Closed Rathbun Karen L $265,109
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2017 01/31/17 Sold $270,000 +14300.0% $111 / Sq Ft
11/25/2016 11/25/16 Pending -- -- --
05/27/2016 05/27/16 Rented $1,875 -99.3% --
05/01/2016 05/01/16 Under Contract -- -- --
04/28/2016 04/28/16 For Sale $279,000 0.0% $115 / Sq Ft
02/17/2016 02/17/16 For Rent $1,850 -- --
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 $4,468 $159,530 $52,640 $106,890
2024 $4,204 $159,530 $52,640 $106,890
2023 $3,969 $159,530 $52,640 $106,890
2022 $3,803 $159,530 $52,640 $106,890
2021 $3,808 $133,560 $60,760 $72,800
2020 $3,788 $133,560 $60,760 $72,800
2019 $3,765 $133,560 $60,760 $72,800
2018 $3,653 $133,560 $60,760 $72,800
2017 $3,494 $133,560 $60,760 $72,800
2016 $3,410 $134,470 $52,640 $81,830
2015 $3,323 $134,470 $52,640 $81,830
2014 $3,231 $134,470 $52,640 $81,830
Source: Public Records

Agents Affiliated with this Home

  • Karen Hanson

    Seller's Agent in 2017

    Karen Hanson

    Stonington Realty, LLC

    (860) 961-4937

    51 Total Sales

    Karen Hanson
    Section Image
  • Dylan Walter

    Buyer's Agent in 2017

    Dylan Walter

    William Raveis Real Estate

    (860) 227-5277

    2 in this area

    76 Total Sales

    Dylan Walter
    Section Image

  • G

    Buyer's Agent in 2016

    Genevieve Stoll

    Berkshire Hathaway Home Services

    Section Image
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Map

Source: SmartMLS

MLS Number: E10130522

SmartMLS

APN: ELYM-001601-000063

Connecticut New London County Niantic 06357

4 Flanders Rd, Niantic, CT

This home is located at 4 Flanders Rd, Niantic, CT 06357 since 28 April 2016 and is currently estimated at $468,653, approximately $193 per square foot. This property was built in 1900. 4 Flanders Rd is a home located in New London County with nearby schools including East Lyme Middle School, East Lyme High School, and The Light House Voc-Ed Center.

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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