NOT LISTED FOR SALE

400 Bank St Unit 409 New London, CT 06320

Estimated Value: $358,301 - $388,000

2 Beds
2 Baths
1,540 Sq Ft
$433/mo HOA Fee

Last Sold October 06, 2018

Last sale price $220,000 $143 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $2,851/month

229 Days on Market

Highlights

  • Waterfront
  • End Unit
  • 4-minute walk to New London Waterfront
  • 1 Fireplace
  • Central Air

About This Home

As of October 2018

Immaculate waterfront unit overlooking the marina in one of New London's finest buildings.

Last Agent to Sell the Property

Patricia Pastor

RE/MAX on the Bay License #REB.0525097 Listed on: 02/12/2018

RE/MAX on the Bay

Co-Listed By

Janet McKenzie

William Raveis Real Estate License #RES.0452991

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

  • $7,160

Year Built

  • Built in 2005

Lot Details

  • Waterfront
  • End Unit

HOA Fees

  • $433 Monthly HOA Fees

Home Design

  • Frame Construction
  • Masonry Siding

Interior Spaces

  • 1,540 Sq Ft Home
  • 1 Fireplace
  • Water Views

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Garage
  • Varies By Unit

Utilities

  • Central Air

Community Details

Overview

  • 36 Units
  • Mid-Rise Condominium
  • Shaw's Landing Community
  • Property managed by U.S. Properties

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,160

Year Built

Built in 2005

Lot Details

0

HOA Fees

$433 per month

Listing Details

  • Property Type: Condo/Co-Op For Sale
  • Style: Mid Rise
  • Sq Ft Est Heated Above Grade: 1540
  • Public Record Living Room Sq Ft: 1540
  • Total Sq Ft: 1540
  • Year Built: 2005
  • Property Sub Type: Condominium
  • Direct Waterfront: No
  • End Unit: Yes
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 1540
  • Directions: Bank St- New London
  • Special Features: None

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Appliances: Oven/Range, Refrigerator, Dishwasher
  • Attic: No

Exterior Features

  • Exterior Siding: Brick
  • Waterfront Description: View
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Unit Garage, Assigned Parking
  • Garages Number: 1

Utilities

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

Condo/Co-op/Association

  • Complex Name: Shaw's Landing
  • HOA Fees: 433
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Property Mgt Company Name: U.S. Properties

Lot Info

  • Lot Description: N/A
  • Zoning: Residential

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 7160
  • Mil Rate Base: 44.260
  • Assessor Parcel Number: 2511405

Multi Family

  • Total Num Of Units: 36

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2018
Closed on
Sep 4, 2018
Sold by
Amidon Pamela H
Bought by
Zubrisky Raymond
Seller's Agent
Patricia Pastor
RE/MAX on the Bay
Buyer's Agent
The Bowes Team
RE/MAX on the Bay
List Price
$269,900
Sold Price
$220,000
Premium/Discount to List
-$49,900
-18.49%
Current Estimated Value
$372,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,575
Avg. Annual Appreciation
7.62%
Original Mortgage
$100,000
Outstanding Balance
$61,578
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$310,997

Purchase Details

Closed on
Sep 16, 2015
Sold by
Stoner Jill
Bought by
Amidon William G and Amidon Pamela H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2010
Sold by
Sylvia L Stoner Ret and Stoner Carl
Bought by
Stoner Jill

Purchase Details

Closed on
Jun 5, 2006
Sold by
Shaws Landing Llc
Bought by
Stoner Carl and Stoner Sylvia L
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
Zubrisky Raymond $220,000 --
Amidon William G $230,000 --
Stoner Jill -- --
Stoner Carl $472,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zubrisky Raymond $100,000
Previous Owner Stoner Carl $172,500
Previous Owner Stoner Carl $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2018 10/06/18 Sold $220,000 -8.3% $143 / Sq Ft
09/29/2018 09/29/18 Pending -- -- --
07/02/2018 07/02/18 Price Changed $240,000 -11.1% $156 / Sq Ft
02/12/2018 02/12/18 For Sale $269,900 -- $175 / 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 $5,562 $197,300 $0 $197,300
2024 $5,623 $197,300 $0 $197,300
2023 $5,585 $145,320 $0 $145,320
2022 $5,589 $145,320 $0 $145,320
2021 $5,689 $145,320 $0 $145,320
2020 $5,724 $145,320 $0 $145,320
2019 $5,973 $145,320 $0 $145,320
2018 $7,160 $158,620 $0 $158,620
2017 $7,021 $158,620 $0 $158,620
2016 $6,635 $158,620 $0 $158,620
2015 $6,264 $158,620 $0 $158,620
2014 $5,436 $158,620 $0 $158,620
Source: Public Records

Agents Affiliated with this Home

  • Patricia Pastor

    Seller's Agent in 2018

    Patricia Pastor

    RE/MAX

    (860) 857-4948

    60 Total Sales

    Patricia Pastor
    Section Image
  • Janet McKenzie

    Seller Co-Listing Agent in 2018

    Janet McKenzie

    William Raveis Real Estate

    (860) 460-9470

    56 Total Sales

    Janet McKenzie
    Section Image
  • The Bowes Team

    Buyer's Agent in 2018

    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: 170044232

SmartMLS

APN: NLON-000013-000109-000409

Connecticut New London County New London 06320

400 Bank St Unit 409, New London, CT

Not Listed for Sale

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