NOT LISTED FOR SALE

40 Terrace Ave Niantic, CT 06357

Niantic Neighborhood

Estimated Value: $84,785 - $327,000

0.12 Acre
$1,834,967 Price per Acre
5,227 Sq Ft Lot

Last Sold December 13, 2019

Last sale price $100,000

Est. 120% increase in value since last sale

Current estimated payment $1,399/month

36 Days on Market

Highlights

  • Beach Access
  • No HOA
  • Property is near shops
  • East Lyme Middle School Rated A-

About This Lot

As of December 2019

One of the last approved building lots in Crescent Beach. 50 x 100 ft. Buy it separately or with the adjoining lot ( 32 Central Ave 17022203). City Water and Sewer is currently in the street. This lot will be able to have access from both Terrace Ave and Central Ave. No flood insurance required. Convenient location; close to the beach, Niantic Bay Yacht Club, McCook park and the wonderful seaside village of Niantic. Great place to build for year round or summer enjoyment.

Last Agent to Sell the Property

Beth Brucker

Berkshire Hathaway NE Prop. License #RES.0083055 Listed on: 08/18/2019

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Samantha Beyer

Burns Realty License #REB.0791250

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,500

Lot Details

  • 5,227 Sq Ft Lot
  • Cleared Lot
  • Property is zoned R12

Location

  • Property is near shops

Schools

  • East Lyme High School

Community Details

Overview

  • No Home Owners Association

Recreation

  • Beach Access
  • Walking Distance to Water

Property Details

Property Type

Land

Est. Annual Taxes

$2,500

Lot Details

0

Listing Details

  • Neighborhood: Crescent Beach
  • Property Type: Lots and Land For Sale
  • Nearby Amenities: Library, Medical Facilities, Park, Playground/Tot Lot, Shopping/Mall
  • Property Sub Type: Residential Land
  • Direct Waterfront: No
  • Directions: Columbus Ave to Terrace. Access to lot will be on Central.
  • Special Features: None

Interior Features

  • Street Number Modifier: 40

Exterior Features

  • Waterfront Description: Access, Association Required, Beach Rights, Walk to Water
  • Road Frontage Description: Municipal Street
  • Road Frontage Approximate: 50

Utilities

  • Water Source: Public Water In Street
  • Sewer: Public Sewer In Street
  • Utilities Available: Electric Available
  • Septic Approval: No
  • Septic Plan Available: No

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • HOA: No

Schools

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

Lot Info

  • Acres: 0.1200
  • Lot Description: Additional Land Avail., Cleared
  • Flood Zone: No
  • Lot Improvements: Approved Building Lot, Lot Staked
  • Lots Number Of: 1
  • Zoning: R12

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 2500
  • Total Assessed Value: 85470
  • Mil Rate Base: 27.350
  • Mil Rate Total: 28.190
  • Assessor Parcel Number: 1465993

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2025
Sold by
Paradise Prop Ct Llc
Bought by
Terrace Cb Llc
Current Estimated Value
$220,196

Purchase Details

Closed on
Dec 18, 2023
Sold by
Doak Michael and Beyer Samantha
Bought by
Paradise Prop Ct Llc

Purchase Details

Listed on
Aug 18, 2019
Closed on
Dec 13, 2019
Sold by
Corbett Kevin
Bought by
Beyer Samantha and Doak Michael
Seller's Agent
Beth Brucker
Berkshire Hathaway NE Prop.
Buyer's Agent
Samantha Beyer
Burns Realty
List Price
$100,000
Sold Price
$100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.83%

Purchase Details

Closed on
Aug 24, 2018
Sold by
Sudal Theodore
Bought by
Sudal Theodore and Vibberts Genevieve
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Terrace Cb Llc -- --
Paradise Prop Ct Llc -- None Available
Paradise Prop Ct Llc -- None Available
Beyer Samantha $50,000 None Available
Beyer Samantha $50,000 None Available
Sudal Theodore -- --
Sudal Theodore -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2019 12/13/19 Sold $100,000 0.0% --
09/23/2019 09/23/19 Pending -- -- --
08/18/2019 08/18/19 For Sale $100,000 -64.9% --
05/24/2019 05/24/19 Sold $285,000 +280.0% --
04/17/2019 04/17/19 Pending -- -- --
03/08/2019 03/08/19 For Sale $75,000 -- --
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 $2,508 $89,530 $89,530 $0
2024 $2,359 $89,530 $89,530 $0
2023 $2,228 $89,530 $89,530 $0
2022 $2,134 $89,530 $89,530 $0
2021 $2,437 $85,470 $85,470 $0
2020 $2,424 $85,470 $85,470 $0
2019 $2,409 $85,470 $85,470 $0
2018 $2,338 $85,470 $85,470 $0
2017 $2,236 $85,470 $85,470 $0
2016 $2,026 $79,870 $79,870 $0
2015 $1,974 $79,870 $79,870 $0
2014 $1,919 $79,870 $79,870 $0
Source: Public Records

Agents Affiliated with this Home

  • Beth Brucker

    Seller's Agent in 2019

    Beth Brucker

    Berkshire Hathaway Home Services

    (860) 235-7770

    2 in this area

    29 Total Sales

    Beth Brucker
    Section Image
  • The Bowes Team

    Seller's Agent in 2019

    The Bowes Team

    RE/MAX

    (860) 739-0888

    5 in this area

    114 Total Sales

    The Bowes Team
    Section Image
  • Samantha Beyer

    Buyer's Agent in 2019

    Samantha Beyer

    Burns Realty

    (860) 910-8239

    2 in this area

    53 Total Sales

    Samantha Beyer
    Section Image
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Map

Source: SmartMLS

MLS Number: 170227065

SmartMLS

APN: ELYM-000801-000123

Connecticut New London County Niantic 06357 Niantic

40 Terrace Ave, Niantic, CT

This home is located at 40 Terrace Ave, Niantic, CT 06357 since 18 August 2019 and is currently estimated at $220,196. 40 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.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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