NOT LISTED FOR SALE

400 Bank St Unit 306 New London, CT 06320

Estimated Value: $308,849 - $322,000

2 Beds
2 Baths
1,216 Sq Ft
$370/mo HOA Fee

Last Sold October 13, 2021

Last sale price $208,000 $171 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,487/month

25 Days on Market

Highlights

  • Health Club
  • Open Floorplan
  • Ranch Style House
  • Waterfront
  • Covered Deck
  • 4-minute walk to New London Waterfront

About This Home

As of October 2021

Shaws Landing condo w/ waterviews - easy living- relax on your deck and watch the boats go by! Freshly painted & in mint condition! 2 br, 2 bath unit in the heart of New London harbor area. Views from every room! Bamboo floors through out! New slider in BR to deck. KT w/ pantry, eat at counter, granite counter opens to LR/DR w/ door leading to deck. MBR w/ jet bath. Central air. 2 assigned parking spaces- 1 in garage. Complex w/ amenities- exercise area w/ sauna, community room, elevator. Convenient location- easy access to downtown, Ocean Beach, I-95, & more!

Last Agent to Sell the Property

Ann Carpenter

RE/MAX on the Bay License #REB.0755917 Listed on: 08/23/2021

RE/MAX on the Bay

Co-Listed By

Mary Poola

William Raveis Real Estate License #REB.0755915

Last Buyer's Agent

Patricia Pastor

RE/MAX on the Bay License #REB.0525097

RE/MAX on the Bay

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,728

Year Built

  • Built in 2005

Lot Details

  • Waterfront

HOA Fees

  • $370 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Frame Construction
  • Clap Board Siding

Interior Spaces

  • 1,216 Sq Ft Home
  • Open Floorplan
  • Thermal Windows
  • Awning
  • Concrete Flooring
  • Water Views

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • 2 Car Garage
  • Basement Garage
  • Tuck Under Garage
  • Parking Deck
  • Guest Parking
  • Visitor Parking

Outdoor Features

  • Walking Distance to Water
  • Balcony
  • Covered Deck
  • Patio

Location

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

Schools

  • New London High School

Utilities

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

Community Details

Overview

  • Association fees include grounds maintenance, trash pickup, snow removal, water, property management, pest control, road maintenance, insurance
  • 32 Units
  • Mid-Rise Condominium
  • Shaw's Landing Community
  • Property managed by Northeast Property Group

Amenities

  • Elevator

Recreation

  • Health Club
  • Exercise Course

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,728

Year Built

Built in 2005

Lot Details

0

HOA Fees

$370 per month

Listing Details

  • Property Type: Condo/Co-Op For Sale
  • Style: Ranch, Mid Rise
  • Sq Ft Est Heated Above Grade: 1216
  • Public Record Living Room Sq Ft: 1216
  • Total Sq Ft: 1216
  • Year Built: 2005
  • Nearby Amenities: Library, Medical Facilities, Shopping/Mall, Walk to Bus Lines
  • Association Amenities: Elevator, Exercise Room/Health Club, Guest Parking, Health Club
  • Property Sub Type: Condominium
  • Direct Waterfront: Yes
  • Encumbrances Restrictions: Alterations
  • End Unit: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 1216
  • Tax Year Updated Dt: 08/20/2021
  • Directions: Bank street to # 400, Unit 306
  • Special Features: None

Interior Features

  • Room Count: 4
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Description: Full, Concrete Floor, Storage
  • Interior Amenities: Cable - Available, Cable - Pre-wired, Open Floor Plan
  • Appliances: Gas Range, Microwave, Refrigerator, Dishwasher, Disposal, Washer, Electric Dryer
  • Laundry Room Location: stackable unit in bathroom
  • Laundry Room Info: Main Level
  • Attic: No

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Under House Garage
  • Garages Number: 2

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, Snow Removal, Water, Property Management, Pest Control, Road Maintenance, Insurance
  • Complex Name: Shaw's Landing
  • HOA Fees: 370
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Management Type: Professional-Off Site
  • Property Manager Name: Donald Rinyetti
  • Property Mgt Company Name: Northeast Property Group
  • Property Mgt Phone: 4377005

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Lot Description: Water View, Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: RES

Rental Info

  • Pets Allowed: Restrictions

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 6728
  • Mil Rate Base: 37.950
  • Mil Rate Tax District: 1.200
  • Assessor Parcel Number: 2511399

Multi Family

  • Total Num Of Units: 32

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2021
Closed on
Oct 12, 2021
Sold by
Place Barbara M
Bought by
Horne Grace M and Beausoleil Pamela P
Seller's Agent
Ann Carpenter
RE/MAX on the Bay
Buyer's Agent
Patricia Pastor
RE/MAX on the Bay
List Price
$209,900
Sold Price
$208,000
Premium/Discount to List
-$1,900
-0.91%
Current Estimated Value
$316,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,962
Avg. Annual Appreciation
10.68%

Purchase Details

Listed on
Jun 25, 2014
Closed on
Nov 19, 2014
Sold by
Clark Michael K and Clark Kathleen S
Bought by
Place Barbara M
Seller's Agent
Janet McKenzie
William Raveis Real Estate
Buyer's Agent
Ann Carpenter
RE/MAX on the Bay
List Price
$219,900
Sold Price
$195,000
Premium/Discount to List
-$24,900
-11.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.94%
Original Mortgage
$185,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2007
Sold by
Shaws Landing Llc
Bought by
Clark Michael K and Clark Kathleen S
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
Horne Grace M $208,000 None Available
Place Barbara M $195,000 --
Clark Michael K $316,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Clark Michael K $185,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/13/2021 10/13/21 Sold $208,000 -0.9% $171 / Sq Ft
09/17/2021 09/17/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $209,900 +0.9% $173 / Sq Ft
08/31/2021 08/31/21 Off Market $208,000 -- --
08/31/2021 08/31/21 For Sale $209,900 0.0% $173 / Sq Ft
08/24/2021 08/24/21 Pending -- -- --
08/23/2021 08/23/21 For Sale $209,900 +7.6% $173 / Sq Ft
11/19/2014 11/19/14 Sold $195,000 -11.3% $160 / Sq Ft View Prior Sale
10/20/2014 10/20/14 Pending -- -- --
06/25/2014 06/25/14 For Sale $219,900 -- $181 / 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 $5,460 $193,700 $0 $193,700
2024 $5,520 $193,700 $0 $193,700
2023 $6,604 $171,850 $0 $171,850
2022 $6,609 $171,850 $0 $171,850
2021 $6,728 $171,850 $0 $171,850
2020 $6,769 $171,850 $0 $171,850
2019 $7,063 $171,850 $0 $171,850
2018 $6,468 $143,290 $0 $143,290
2017 $6,342 $143,290 $0 $143,290
2016 $5,994 $143,290 $0 $143,290
2015 $5,659 $143,290 $0 $143,290
2014 $4,911 $143,290 $0 $143,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170431253

SmartMLS

APN: NLON-000013-000109-000306