NOT LISTED FOR SALE

400 Bank St Unit 101 New London, CT 06320

Estimated Value: $253,000 - $303,000

1 Bed
1 Bath
793 Sq Ft
$247/mo HOA Fee

Last Sold June 07, 2021

Last sale price $180,000 $227 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $2,021/month

1 Day on Market

Highlights

  • 24-Hour Security
  • Open Floorplan
  • Ranch Style House
  • Waterfront
  • Property is near public transit
  • 4-minute walk to New London Waterfront

About This Home

As of June 2021

Waterfront Condominium Complex! Water views from the private balcony of this beautiful luxury unit with lots of natural lighting. Lovely fully applianced kitchen with granite counter tops, breakfast bar and stainless steel appliances open to the dining and living room. All new modern flooring throughout the unit! Spacious master bedroom with 2 closets and a new slider out to the balcony. Very spacious bath. Central air conditioning, assigned garage parking, washer and dryer in this secure building. Enjoy the amenities; gym with a TV, sauna, community room with a kitchen and an outdoor patio overlooking the marina. Pet friendly. Centrally located.

Last Agent to Sell the Property

Beverly Frattali

RE/MAX Realty Group License #RES.0237892 Listed on: 05/05/2021

RE/MAX Realty Group

Last Buyer's Agent

Lisa Noyes

Coldwell Banker Realty License #RES.0808614

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,720

Year Built

  • Built in 2005

Lot Details

  • Waterfront
  • End Unit

HOA Fees

  • $247 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Frame Construction
  • Clap Board Siding

Interior Spaces

  • 793 Sq Ft Home
  • Open Floorplan
  • Thermal Windows
  • Awning
  • Water Views

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Washer
  • Gas Dryer

Parking

  • 1 Car Garage
  • Handicap Parking
  • Guest Parking
  • Visitor Parking

Outdoor Features

  • Walking Distance to Water
  • Covered Deck
  • Patio
  • Exterior Lighting

Location

  • Property is near public transit
  • Property is near shops

Schools

  • New London High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Cable TV Available

Community Details

Overview

  • Association fees include security service, grounds maintenance, trash pickup, snow removal, water, sewer, property management
  • 35 Units
  • High-Rise Condominium
  • Shaws Landing Community
  • Property managed by NE Properties

Amenities

  • Public Transportation
  • Elevator

Recreation

  • Exercise Course

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,720

Year Built

Built in 2005

Lot Details

0

HOA Fees

$247 per month

Listing Details

  • Property Type: Condo/Co-Op For Sale
  • Style: Ranch, High Rise
  • Sq Ft Est Heated Above Grade: 793
  • Public Record Living Room Sq Ft: 793
  • Total Sq Ft: 793
  • Year Built: 2005
  • Nearby Amenities: Health Club, Library, Public Transportation, Shopping/Mall
  • Association Amenities: Elevator, Exercise Room/Health Club, Guest Parking
  • Property Sub Type: Condominium
  • Handicap Features: Handicap Parking
  • Direct Waterfront: Yes
  • End Unit: Yes
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 793
  • Directions: GPS Friendly
  • Special Features: None

Interior Features

  • Room Count: 4
  • Total Bedrooms: 1
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Interior Amenities: Cable - Available, Open Floor Plan
  • Appliances: Gas Range, Microwave, Refrigerator, Dishwasher, Disposal, Washer, Gas Dryer
  • Laundry Room Location: Washer and Gas Dryer
  • Laundry Room Info: Main Level
  • Attic: No

Exterior Features

  • Exterior Features: Awnings, Covered Deck, Lighting, Patio, Sidewalk
  • Exterior Siding: Clapboard
  • Waterfront Description: View, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Covered Garage, Assigned Parking, Security
  • Garages Number: 1

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas, Tankless Hotwater
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Security Service, Grounds Maintenance, Trash Pickup, Snow Removal, Water, Sewer, Property Management
  • Complex Name: Shaws Landing
  • HOA Fees: 247
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Management Type: Professional-Off Site
  • Property Manager Email: GKilman@neproperty.com
  • Property Manager Name: Greg Kliman
  • Property Mgt Company Name: NE Properties
  • Property Mgt Phone: 860-437-7005

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Lot Description: Level Lot
  • Zoning: C

Rental Info

  • Pets Allowed Info: See Condo Docs
  • Pets Allowed: Yes

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 4720
  • Mil Rate Base: 38.190
  • Mil Rate Tax District: 1.200
  • Assessor Parcel Number: 2499931

Multi Family

  • Total Num Of Units: 35

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2021
Closed on
Jun 7, 2021
Sold by
Collins Robert
Bought by
Fazzino Philip
Seller's Agent
Beverly Frattali
RE/MAX Realty Group
Buyer's Agent
Lisa Noyes
Coldwell Banker Realty
List Price
$159,900
Sold Price
$180,000
Premium/Discount to List
$20,100
12.57%
Current Estimated Value
$267,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,172
Avg. Annual Appreciation
9.17%

Purchase Details

Closed on
Nov 28, 2005
Sold by
Shaws Lndg Llc
Bought by
Collins Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.06%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fazzino Philip $180,000 None Available
Collins Robert $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Collins Robert $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2021 06/07/21 Sold $180,000 +12.6% $227 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $159,900 -- $202 / 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 $4,465 $158,400 $0 $158,400
2024 $4,514 $158,400 $0 $158,400
2023 $4,605 $119,840 $0 $119,840
2022 $4,609 $119,840 $0 $119,840
2021 $4,692 $119,840 $0 $119,840
2020 $4,720 $119,840 $0 $119,840
2019 $4,925 $119,840 $0 $119,840
2018 $4,509 $99,890 $0 $99,890
2017 $4,421 $99,890 $0 $99,890
2016 $4,178 $99,890 $0 $99,890
2015 $3,945 $99,890 $0 $99,890
2014 $3,423 $99,890 $0 $99,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170396169

SmartMLS

APN: NLON-000013-000109-000101