NOT LISTED FOR SALE

400 Bank St Unit 408 New London, CT 06320

Estimated Value: $369,000 - $404,327

2 Beds
2 Baths
1,629 Sq Ft
$237/Sq Ft Est. Value

Highlights

  • Sauna
  • No HOA
  • 4-minute walk to New London Waterfront
  • 1 Fireplace
  • Central Air

About This Home

As of October 2016

Enjoy sweeping panoramic views and loads of natural light from this spectacular over-sized top floor condo. The upgraded kitchen features stainless steel appliances, glass tile backsplash and breakfast bar. Additional features include newer floors, fireplace, and master suite with full bath and walk in closet. Building amenities include an exercise room & sauna. You really need to see for yourself to truly appreciate all that this fabulous condo has to offer. 1 parking space included in covered garage. A second space is being offered for $100 a month. This is the only unit with 2 designated spaces in garage.

Last Agent to Rent the Property

The Bowes Team

RE/MAX on the Bay License #REB.0790080 Listed on: 09/02/2016

RE/MAX on the Bay

Last Renter's Agent

The Bowes Team

RE/MAX on the Bay License #REB.0790080 Listed on: 09/02/2016

RE/MAX on the Bay

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,698

Year Built

  • Built in 2005

Parking

  • 2 Car Garage

Interior Spaces

  • 1,629 Sq Ft Home
  • Elevator
  • 1 Fireplace
  • Sauna
  • Fire Suppression System

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

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

Utilities

  • Central Air
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Shaws Landing Community
  • Property managed by US Properties

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,698

Year Built

Built in 2005

Lot Details

0

Rental Info

  • Pets Allowed Info: Cat- negotiable
  • Landlord Requirements: Lease Required, Security Deposit
  • Pets Allowed: Yes
  • Security Deposit Details: 1500
  • Smoking Allowed: No
  • Tenant Responsibility: Cable TV, Credit Check, Electricity, Heat, Hot Water

Listing Details

  • Property Type: Residential Rental
  • Potential Short Sale: No
  • Total Sq Ft: 1629
  • Year Built: 2005
  • Property Sub Type: Condominium Rental
  • Direct Waterfront: No
  • End Unit: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Bank Street across from Seehund and Gaspars restaurants.
  • Special Features: None

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Interior Amenities: Elevator, Fire Suppression System, Sauna
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range, Refrigerator, Washer
  • Laundry Room Location: First Floor
  • Attic: No

Exterior Features

  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Covered Garage
  • Garages Number: 2

Utilities

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

Condo/Co-op/Association

  • Complex Name: Shaws Landing
  • HOA: No
  • Property Mgt Company Name: US Properties
  • Property Mgt Phone: 860.437.0101

Schools

  • Intermediate School: Bennie Dover Jackson

Lot Info

  • Flood Zone: No

Tax Info

  • Tax Year: July 2016-June 2017
  • Assessor Parcel Number: 2501287

MLS Schools

  • Elementary School: PBOE
  • High School: New London

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2018
Sold by
Mohr Erica L
Bought by
Magnussen Kristin C and Magnussen Jan O
Current Estimated Value
$386,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Outstanding Balance
$76,304
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$309,778

Purchase Details

Closed on
Aug 2, 2013
Sold by
Mantz Arlan W and Mantz Barbara D
Bought by
Mohr Erica L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.95%

Purchase Details

Closed on
Dec 5, 2005
Sold by
Shaws Lndg Llc
Bought by
Mantz Arlan W and Mantz Barbara D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,560
Interest Rate
6.14%
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
Magnussen Kristin C $275,000 --
Mohr Erica L $300,000 --
Mantz Arlan W $485,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magnussen Kristin C $125,000
Previous Owner Mantz Arlan W $240,000
Previous Owner Mantz Arlan W $200,000
Previous Owner Mantz Arlan W $388,560
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2016 10/05/16 Rented $1,900 -2.6% --
09/02/2016 09/02/16 For Rent $1,950 -- --
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 $6,698 $237,600 $0 $237,600
2024 $6,772 $237,600 $0 $237,600
2023 $7,053 $183,540 $0 $183,540
2022 $7,059 $183,540 $0 $183,540
2021 $7,186 $183,540 $0 $183,540
2020 $7,230 $183,540 $0 $183,540
2019 $7,543 $183,540 $0 $183,540
2018 $7,821 $173,250 $0 $173,250
2017 $7,668 $173,250 $0 $173,250
2016 $7,247 $173,250 $0 $173,250
2015 $6,842 $173,250 $0 $173,250
2014 $5,937 $173,250 $0 $173,250
Source: Public Records

Agents Affiliated with this Home

  • The Bowes Team

    Landlord's Agent in 2016

    The Bowes Team

    RE/MAX

    (860) 739-0888

    84 Total Sales

    The Bowes Team
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Map

Source: SmartMLS

MLS Number: E10165474

SmartMLS

APN: NLON-000013-000109-000408

Connecticut New London County New London 06320

400 Bank St Unit 408, New London, CT

Not Listed for Sale

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