NOT LISTED FOR SALE

400 Bank St Unit 407 New London, CT 06320

Estimated Value: $252,000 - $334,000

1 Bed
1 Bath
793 Sq Ft
$223/mo HOA Fee

Last Sold April 17, 2015

Last sale price $142,500 $180 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $2,053/month

18 Days on Market

Highlights

  • Water Views
  • 1 Fireplace
  • Balcony
  • Home fronts a sound
  • Exercise Course
  • 4-minute walk to New London Waterfront

About This Home

As of April 2015

REO property being sold as is, unit in good condition with new hot water heater and fresh paint, Water views, parking space G27 in garage. Storage unit is S31. Gas fireplace in living room, Seller may contribute up to 3% towards an owner occupied buyer and may pay up to $500 for home warranty plan of buyers choice.

Last Agent to Sell the Property

Pat Reed

Chiarito Real Estate LLC License #RES.0525136 Listed on: 02/01/2015

Last Buyer's Agent

The Bowes Team

RE/MAX on the Bay License #REB.0790080

RE/MAX on the Bay

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,423

Year Built

  • Built in 2005

Lot Details

  • Home fronts a sound
  • Property Fronts a Bay or Harbor

HOA Fees

  • $223 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 793 Sq Ft Home
  • 1 Fireplace
  • Thermal Windows
  • Water Views
  • Shared Basement

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Balcony

Schools

  • Pboe Elementary School
  • New London High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

Overview

  • Association fees include grounds maintenance, property management, snow removal, trash pickup
  • 35 Units
  • Shaws Landing Community
  • Property managed by US Properties Realty

Recreation

  • Exercise Course

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,423

Year Built

Built in 2005

Lot Details

0

HOA Fees

$223 per month

Listing Details

  • Property Type: Condo/Co-Op For Sale
  • Potential Short Sale: No
  • Total Sq Ft: 793
  • Year Built: 2005
  • Association Amenities: Exercise Room/Health Club
  • Property Sub Type: Condominium
  • Direct Waterfront: Yes
  • End Unit: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Bank Street
  • Special Features: None

Interior Features

  • Room Count: 3
  • Total Bedrooms: 1
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Fireplaces: 1
  • Basement Description: Shared Basement
  • Interior Amenities: Elevator
  • Laundry Room Location: First Floor
  • Attic: No

Exterior Features

  • Exterior Features: Balcony
  • Exterior Siding: Vinyl Siding
  • Waterfront Description: Harbor, L. I. Sound Frontage, View
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Assigned Parking
  • Garages Number: 1
  • Total Parking Spaces: 1

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Electric, 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, Property Management, Snow Removal, Trash Pickup
  • Complex Name: Shaws Landing
  • HOA Fees: 223
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Management Type: Professional-Off Site
  • Property Manager Name: Christopher Lage
  • Property Mgt Company Name: US Properties Realty
  • Property Mgt Phone: 860-437-7788

Green Features

  • Energy Features: Thermopane Windows

Rental Info

  • Pets Allowed Info: see pet policy
  • Lease Purchase: No
  • Pets Allowed: Yes

Tax Info

  • Tax Year: July 2014-June 2015
  • Property Tax: 3423
  • Assessor Parcel Number: 2501329

Multi Family

  • Total Num Of Units: 35

MLS Schools

  • Elementary School: PBOE
  • High School: New London

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2015
Closed on
Apr 17, 2015
Sold by
Mac Freddie
Bought by
Flaherty Janet
Seller's Agent
Pat Reed
Chiarito Real Estate LLC
Buyer's Agent
The Bowes Team
RE/MAX on the Bay
List Price
$144,900
Sold Price
$142,500
Premium/Discount to List
-$2,400
-1.66%
Current Estimated Value
$278,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,661
Avg. Annual Appreciation
6.48%
Original Mortgage
$114,000
Outstanding Balance
$87,695
Interest Rate
3.72%
Mortgage Type
New Conventional
Estimated Equity
$190,466

Purchase Details

Closed on
Jan 20, 2015
Sold by
Fandetta Anthony J
Bought by
Jp Morgan Chase Bank N

Purchase Details

Closed on
Dec 13, 2005
Sold by
Shaws Lndg Llc
Bought by
Fandetta Anthony J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,090
Interest Rate
6.17%
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
Flaherty Janet $142,500 --
Jp Morgan Chase Bank N -- --
Fandetta Anthony J $213,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fandetta Anthony J $60,000
Open Fandetta Anthony J $114,000
Previous Owner Fandetta Anthony J $17,090
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2015 04/17/15 Sold $142,500 -1.7% $180 / Sq Ft
02/19/2015 02/19/15 Pending -- -- --
02/01/2015 02/01/15 For Sale $144,900 -- $183 / 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

  • Pat Reed

    Seller's Agent in 2015

    Pat Reed

    Chiarito Real Estate LLC

    (860) 767-1203

    19 Total Sales

    Pat Reed
    Section Image
  • The Bowes Team

    Buyer's Agent in 2015

    The Bowes Team

    RE/MAX

    (860) 739-0888

    84 Total Sales

    The Bowes Team
    Section Image
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Map

Source: SmartMLS

MLS Number: N10019693

SmartMLS

APN: NLON-000013-000109-000407

Connecticut New London County New London 06320

400 Bank St Unit 407, New London, CT

Not Listed for Sale

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