NOT LISTED FOR SALE

400 Bank St Unit 207 New London, CT 06320

Estimated Value: $250,000 - $308,000

1 Bed
1 Bath
780 Sq Ft
$342/Sq Ft Est. Value

Last Sold December 15, 2016

Last sale price $127,500 $163 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $2,005/month

Highlights

  • Gated Community
  • Property is near public transit
  • Walking Distance to Water
  • Waterfront
  • Elevator
  • 4-minute walk to New London Waterfront

About This Home

As of October 2021

Nice 1 bedroom, 1 bath, with beautiful wood trim in bathroom. Clean, painted & new light fixtures. Carpet w/hardwoods in bedroom & kitchen. Fitness center & community social room. Walk to downtown to all the eateries, entertainment, and cultural events. Close to highways, public transportation, Metro North, and Amtrack. Pets are allowed per the bylaws.

Last Agent to Rent the Property

Patricia Pastor

RE/MAX on the Bay License #REB.0525097 Listed on: 10/12/2021

RE/MAX on the Bay

Co-Listed By

Janet McKenzie

William Raveis Real Estate License #RES.0452991

Last Renter's Agent

Patricia Pastor

RE/MAX on the Bay License #REB.0525097 Listed on: 10/12/2021

RE/MAX on the Bay

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,291

Year Built

  • Built in 2005

HOA Fees

  • $247 Monthly HOA Fees

Parking

  • Parking Lot

Property Views

  • Water
  • City

Home Design

  • 780 Sq Ft Home
  • Masonry Siding

Kitchen

  • Oven or Range
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a bus stop

Schools

  • Pboe Elementary School
  • Dover Jackson Middle School
  • New London High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • Walking Distance to Water
  • Waterfront

Community Details

Overview

  • Association fees include grounds maintenance, trash pickup, property management
  • 35 Units
  • Mid-Rise Condominium
  • Shaws Landing Community
  • Property managed by Northeast Property

Amenities

  • Public Transportation
  • Elevator

Pet Policy

  • Pets Allowed

Security

  • Gated Community

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,291

Year Built

Built in 2005

Lot Details

0

HOA Fees

$247 per month

Rental Info

  • Pets Allowed Info: Please refer to bylaws.
  • Landlord Requirements: Credit Check, References Required, Security Deposit, Lease Required
  • Landlord Responsibility: Real Estate Taxes
  • Lease Price Description: Per Month
  • Pets Allowed: Yes
  • Rental Duration: Yearly Unfurnished
  • Security Deposit Details: One Month
  • Smoking Allowed: No
  • Tenant Responsibility: Cable TV, Credit Check, Electricity, Heat

Listing Details

  • Property Type: Residential Rental
  • Style: Apartment, Mid Rise
  • Sq Ft Est Heated Above Grade: 780
  • Public Record Living Room Sq Ft: 780
  • Total Sq Ft: 780
  • Year Built: 2005
  • Nearby Amenities: Library, Medical Facilities, Park, Playground/Tot Lot, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Association Amenities: Elevator
  • Property Sub Type: Condominium Rental
  • Direct Waterfront: Yes
  • End Unit: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 780
  • Directions: 95 to Downtown New London/Waterfront District to Bank St., Complex on Right.
  • Special Features: None

Interior Features

  • Room Count: 3
  • Total Bedrooms: 1
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Interior Amenities: Cable - Available, Security System
  • Appliances: Gas Range, Oven/Range, Microwave, Refrigerator, Dishwasher, Disposal, Washer, Dryer
  • Laundry Room Location: First Floor
  • Attic: No

Exterior Features

  • Exterior Features: Sidewalk
  • Exterior Siding: Brick
  • Waterfront Description: Direct Waterfront, Access, View, Walk to Water
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Assigned Parking, Parking Lot

Utilities

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

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Trash Pickup, 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 Name: Northeast Property
  • Property Manager Phone: 8604377005
  • Property Mgt Company Name: Northeast Property

Lot Info

  • Lot Description: City Views, Water View
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: CA
  • Property Info: Gated Community

Tax Info

  • Mil Rate Tax District: 1.200
  • Assessor Parcel Number: 2501352

Multi Family

  • Total Num Of Units: 35

MLS Schools

  • Elementary School: PBOE
  • Middle Jr High School: Dover Jackson
  • High School: New London

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2018
Sold by
Hallier Walter C
Bought by
Landing Zone Llc
Current Estimated Value
$267,041

Purchase Details

Listed on
Jan 4, 2017
Closed on
Dec 16, 2016
Sold by
Velkey John M and Johnson Susan L
Bought by
Hallier Walter C
Seller's Agent
Patricia Pastor
RE/MAX on the Bay
Buyer's Agent
Patricia Pastor
RE/MAX on the Bay
Sold Price
$1,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.58%
Original Mortgage
$102,000
Interest Rate
3.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 25, 2007
Sold by
Relocation Prudential
Bought by
Velkey John M and Johnson Susan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,750
Interest Rate
6.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 2005
Sold by
Shaws Lndg Llc
Bought by
Halter Kevin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
6.34%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Landing Zone Llc -- --
Hallier Walter C $127,500 --
Velkey John M $217,500 --
Relocation Prudential $217,500 --
Halter Kevin M $183,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Halter Kevin M $102,000
Previous Owner Halter Kevin M $21,750
Previous Owner Halter Kevin M $174,000
Previous Owner Halter Kevin M $162,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/20/2021 10/20/21 Rented $1,500 0.0% --
10/12/2021 10/12/21 For Rent $1,500 +7.1% --
09/14/2020 09/14/20 Rented $1,400 0.0% --
08/26/2020 08/26/20 Under Contract -- -- --
08/21/2020 08/21/20 For Rent $1,400 +16.7% --
02/02/2017 02/02/17 Rented $1,200 0.0% --
01/23/2017 01/23/17 Under Contract -- -- --
01/04/2017 01/04/17 For Rent $1,200 0.0% --
12/15/2016 12/15/16 Sold $127,500 -14.4% $163 / Sq Ft View Prior Sale
11/02/2016 11/02/16 Pending -- -- --
07/08/2016 07/08/16 For Sale $149,000 0.0% $191 / Sq Ft
09/01/2013 09/01/13 Rented $1,200 0.0% --
09/01/2013 09/01/13 Under Contract -- -- --
08/09/2013 08/09/13 For Rent $1,200 -- --
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 $4,291 $152,200 $0 $152,200
2024 $4,338 $152,200 $0 $152,200
2023 $4,382 $114,030 $0 $114,030
2022 $4,386 $114,030 $0 $114,030
2021 $4,464 $114,030 $0 $114,030
2020 $4,492 $114,030 $0 $114,030
2019 $4,687 $114,030 $0 $114,030
2018 $4,259 $94,360 $0 $94,360
2017 $4,176 $94,360 $0 $94,360
2016 $3,947 $94,360 $0 $94,360
2015 $3,726 $94,360 $0 $94,360
2014 $3,234 $94,360 $0 $94,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170444683

SmartMLS

APN: NLON-000013-000109-000207