NOT LISTED FOR SALE

45 Hope St Unit 5 Niantic, CT 06357

Niantic Neighborhood

Estimated Value: $566,710 - $714,000

2 Beds
2.5 Baths
2,000 Sq Ft
$326/Sq Ft Est. Value

Last Sold March 20, 2020

Last sale price $441,700 $221 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $4,337/month

106 Days on Market

Highlights

  • Beach Front
  • Open Floorplan
  • Property is near public transit
  • East Lyme Middle School Rated A-
  • Deck
  • Attic

About This Home

As of March 2020

Only Two Units Left! Located in the heart of the Niantic Village these luxurious Townhouse style condos are spacious, beautiful and built to the highest standards of construction. The Fabulous In-Town Location is a short walk to the Beach, Boardwalk, Restaurants, Movie Theater & Shopping. This home consists of a Federal Style 2000 Sq/Ft Mid-Line Unit w/ a Large, Open & Contemporary Floor Plan. All units are built for their own residential elevators services to be installed now or at a later date when life requires it. Two Bedrooms, a Den & 2.5 Bathrooms. Attached Garages. Full Basements. 9' Ceilings on both floors. Gleaming Hardwoods. Custom Kitchen Designs w/ Stainless, Granite and Glass Tile Backsplashes. Large Master Suite w/ Custom Shower, Double Bowl Vanity & Walk In Closet. Second Bedroom w/ En Suite Bathroom. Hardi Plank Exterior. Synthetic Exterior Trim Boards. Anderson Windows. High Efficiency Warm Air Heat w/ Central AC. On Demand Tankless Hot Water. Smart Home Automation. Private Decks w/ Synthetic Decking. These homes are a pleasure to show!

Last Agent to Sell the Property

Bill Heenan

William Raveis Real Estate License #REB.0754903 Listed on: 08/15/2019

William Raveis Real Estate

Last Buyer's Agent

Bill Heenan

William Raveis Real Estate License #REB.0754903 Listed on: 08/15/2019

William Raveis Real Estate

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 2019 | Under Construction

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Frame Construction
  • Clap Board Siding
  • Radon Mitigation System

Interior Spaces

  • 2,000 Sq Ft Home
  • Open Floorplan
  • Entertainment System
  • Sound System
  • Thermal Windows
  • Concrete Flooring
  • Basement Fills Entire Space Under The House
  • Attic or Crawl Hatchway Insulated

Kitchen

  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Home Security

  • Home Security System
  • Smart Thermostat

Parking

  • 1 Car Attached Garage
  • Parking Deck
  • Automatic Garage Door Opener
  • Guest Parking
  • Visitor Parking

Outdoor Features

  • Walking Distance to Water
  • Deck
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a golf course

Schools

  • Niantic Center Elementary School
  • East Lyme Middle School
  • East Lyme High School

Utilities

  • Central Air
  • Heating System Uses Propane
  • Programmable Thermostat
  • Underground Utilities
  • Tankless Water Heater
  • Propane Water Heater
  • Fuel Tank Located in Ground

Additional Features

  • Modified Wall Outlets
  • Beach Front

Community Details

Overview

  • Association fees include grounds maintenance, trash pickup, snow removal, road maintenance, insurance
  • 9 Units
  • Forty5 Hope Community

Amenities

  • Community Garden
  • Public Transportation

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Year Built

Built in 2019 | Under Construction

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Neighborhood: Niantic
  • Property Type: Condo/Co-Op For Sale
  • Style: Townhouse
  • Sq Ft Est Heated Above Grade: 2000
  • Total Sq Ft: 2000
  • Year Built: 2019
  • New Construction: Under Construction
  • Nearby Amenities: Golf Course, Health Club, Park, Public Pool, Public Transportation, Shopping/Mall
  • Association Amenities: Gardening Area, Guest Parking
  • Property Sub Type: Condominium
  • Direct Waterfront: No
  • Encumbrances Restrictions: Alterations, Boats, Trailer(S), Truck(S)
  • End Unit: No
  • Home Warranty Offered: Yes
  • Radon Mitigation Air Ynu: Yes
  • Radon Mitigation Water Ynu: No
  • Directions: Pennsylvania Avenue to Hope Street / Look for signs
  • Special Features: None

Interior Features

  • Room Count: 7
  • Total Bedrooms: 2
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Attic Description: Access Via Hatch
  • Basement Description: Full, Concrete Floor
  • Interior Amenities: Audio System, Auto Garage Door Opener, Open Floor Plan, Security System
  • Appliances: Range Hood, Dishwasher
  • Additional Rooms: Laundry Room
  • Laundry Room Location: Second Floor
  • Laundry Room Info: Upper Level
  • Attic: Yes
  • Home Automation: Electric Outlet(s), Entertainment System, Security System, Thermostat(s)

Exterior Features

  • Exterior Features: Deck, Gutters, Sidewalk, Underground Utilities
  • Exterior Siding: Clapboard
  • Waterfront Description: Access, Beach, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Attached Garage, Paved
  • Garages Number: 1

Utilities

  • Cooling System: Central Air
  • Heat Type: Gravity Warm Air
  • Heat Fuel Type: Propane
  • Fuel Tank Location: In Ground
  • Hot Water Description: Propane, Tankless Hotwater
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Assess Description: Sewer Assessment to be assumed. $9800. Yearly Town financed payment is approximately $750/Year

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Trash Pickup, Snow Removal, Road Maintenance, Insurance
  • Complex Name: Forty5 Hope
  • HOA Fees: 250
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No

Green Features

  • Energy Features: Programmable Thermostat, Thermopane Windows

Lot Info

  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: R10

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: July 2018-June 2019
  • Mil Rate Base: 26.160
  • Assessor Parcel Number: 2701136

Multi Family

  • Total Num Of Units: 9

MLS Schools

  • Elementary School: Niantic Center
  • Middle Jr High School: East Lyme
  • High School: East Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2019
Closed on
Mar 19, 2020
Sold by
Hope Street Niantic Llc
Bought by
Franzis John and Franzis Susan
Seller's Agent
Bill Heenan
William Raveis Real Estate
Buyer's Agent
Bill Heenan
William Raveis Real Estate
List Price
$439,900
Sold Price
$441,700
Premium/Discount to List
$1,800
0.41%
Current Estimated Value
$652,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,228
Avg. Annual Appreciation
7.07%
Original Mortgage
$331,275
Outstanding Balance
$292,832
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$360,096
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
Franzis John $441,700 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franzis John $331,275
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2020 03/20/20 Sold $441,700 +0.4% $221 / Sq Ft
11/29/2019 11/29/19 Pending -- -- --
08/15/2019 08/15/19 For Sale $439,900 -- $220 / 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 $7,819 $279,160 $0 $279,160
2024 $7,356 $279,160 $0 $279,160
2023 $6,946 $279,160 $0 $279,160
2022 $6,655 $279,160 $0 $279,160
2021 $8,152 $285,950 $0 $285,950
2020 $3,671 $129,430 $0 $129,430
2019 $3,649 $129,430 $0 $129,430
Source: Public Records

Agents Affiliated with this Home

  • Bill Heenan

    Seller's Agent in 2020

    Bill Heenan

    William Raveis Real Estate

    (860) 850-2697

    13 in this area

    742 Total Sales

    Bill Heenan
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Map

Source: SmartMLS

MLS Number: 170226469

SmartMLS

APN: 12.1 8 5

Connecticut New London County Niantic 06357 Niantic

45 Hope St Unit 5, Niantic, CT

Not Listed for Sale

Townhouses

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