NOT LISTED FOR SALE

5 Regatta Dr Unit 5 Niantic, CT 06357

Estimated Value: $651,862 - $730,000

3 Beds
2.5 Baths
3,402 Sq Ft
$204/Sq Ft Est. Value

Last Sold October 20, 2020

Last sale price $440,000 $129 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $4,994/month

86 Days on Market

Highlights

  • 1 Fireplace
  • End Unit
  • 2 Car Attached Garage
  • East Lyme Middle School Rated A-
  • Thermal Windows
  • Entrance Foyer

About This Home

As of October 2020

Spinnaker - Hyannis Model - Spacious, sun-filled, 2 story unit. LR w/FP, formal DR, large eat in Kt w/pantry, breakfast bar and granite counters that opens up to year round sun-room leading to deck and private, level, picturesque grounds. First floor MBR w/walk-in closet and jet tub bath. First floor office/den. Upper level features 2 bedrooms, loft space and a full bath. Huge, lower level family room adds an additional 990 sf. Hardwood floors, central air and 2 car garage. Conveniently located - minutes to downtown, the boardwalk, beaches, shopping and more! Newer furnace, AC unit, appliances and generator. Hardwood floors throughout.

Last Agent to Sell the Property

Ann Carpenter

RE/MAX on the Bay License #REB.0755917 Listed on: 07/11/2020

RE/MAX on the Bay

Co-Listed By

Mary Poola

William Raveis Real Estate License #REB.0755915

Last Buyer's Agent

Cindy Terry

William Raveis Real Estate License #RES.0774432

William Raveis Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,495

Year Built

  • Built in 2005

Lot Details

  • Level Lot
  • Property is zoned R40

HOA Fees

  • $439 Monthly HOA Fees

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • 1 Fireplace
  • Thermal Windows
  • Entrance Foyer
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Guest Parking
  • Visitor Parking

Location

  • Property is near shops

Utilities

  • Central Air
  • Heating System Uses Propane
  • Propane Water Heater
  • Fuel Tank Located in Garage
  • Cable TV Available

Community Details

  • Association fees include grounds maintenance, snow removal, property management, pest control, road maintenance
  • Spinnaker Community
  • Property managed by Sound Real Estate Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,495

Year Built

Built in 2005

Lot Details

0

HOA Fees

$439 per month

Listing Details

  • Neighborhood: Niantic
  • Property Type: Condo/Co-Op For Sale
  • Style: Single Family Detached
  • Sq Ft Est Heated Above Grade: 2412
  • Public Record Living Room Sq Ft: 2412
  • Sq Ft Est Heated Below Grade: 990
  • Total Sq Ft: 3402
  • Year Built: 2005
  • Nearby Amenities: Library, Medical Facilities, Park, Playground/Tot Lot, Shopping/Mall
  • Association Amenities: Guest Parking
  • Remarks Public Addendum: FYI - Total square footage is 3,402 and 990 sq.feet is below grade.
  • Property Sub Type: Condominium
  • Direct Waterfront: No
  • Encumbrances Restrictions: Renting, Alterations
  • End Unit: Yes
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Unit On Floor Number: 1
  • Public Record Gross Sq Ft: 5098
  • Tax Year Updated Dt: 07/20/2020
  • Directions: I-95 to exit 72, left off exit onto Route 156, follow approx. 1.25 miles, turn right into Spinnaker complex, follow to Regatta, #5
  • Special Features: None

Interior Features

  • Room Count: 10
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Basement Description: Full
  • Interior Amenities: Auto Garage Door Opener, Cable - Available, Cable - Pre-wired
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher, Disposal
  • Additional Rooms: Foyer
  • Laundry Room Location: Main floor
  • Laundry Room Info: Main Level
  • Attic: No
  • Street Number Modifier: 5

Exterior Features

  • Exterior Features: Sidewalk
  • Exterior Siding: Vinyl Siding
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

  • Cooling System: Ceiling Fans, Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Propane
  • Fuel Tank Location: In Garage
  • Hot Water Description: Propane
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Snow Removal, Property Management, Pest Control, Road Maintenance
  • Complex Name: Spinnaker
  • Levels In Unit: 3
  • HOA Fees: 439
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Management Type: Professional-Off Site
  • Property Manager Email: jparsons@sresCT.com
  • Property Manager Name: Josh Parson
  • Property Manager Phone: 860-333-6535
  • Property Mgt Company Name: Sound Real Estate Service

Schools

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

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: R40
  • Property Info: Adult Community 55

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 8495
  • Total Assessed Value: 299530
  • Mil Rate Base: 28.360
  • Mil Rate Total: 28.360
  • Assessor Parcel Number: 2410920

Multi Family

  • Total Num Of Units: 96

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
Jul 11, 2020
Closed on
Oct 19, 2020
Sold by
Sexton Michael and Sexton Susan
Bought by
John & N Schwarz Ret
Seller's Agent
Ann Carpenter
RE/MAX on the Bay
Buyer's Agent
Cindy Terry
William Raveis Real Estate
List Price
$449,900
Sold Price
$440,000
Premium/Discount to List
-$9,900
-2.2%
Current Estimated Value
$693,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,466
Avg. Annual Appreciation
9.77%

Purchase Details

Listed on
Nov 16, 2015
Closed on
Apr 19, 2016
Sold by
Shapiro James E and Shapiro Nancy A
Bought by
Sexton Michael L and Sexton Susan B
Seller's Agent
Ann Carpenter
RE/MAX on the Bay
Buyer's Agent
Ann Carpenter
RE/MAX on the Bay
List Price
$449,900
Sold Price
$435,000
Premium/Discount to List
-$14,900
-3.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.25%
Original Mortgage
$417,000
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 3, 2012
Closed on
Jan 4, 2013
Sold by
Vasington Ann M
Bought by
Shapiro James E and Shapiro Nancy A
Seller's Agent
Janet McKenzie
William Raveis Real Estate
Buyer's Agent
Heidi Pastore
William Pitt Sotheby's Int'l
List Price
$459,900
Sold Price
$373,000
Premium/Discount to List
-$86,900
-18.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.78%

Purchase Details

Closed on
Oct 26, 2007
Sold by
Helfant Nancy
Bought by
Vasington Ann Marie

Purchase Details

Closed on
Nov 10, 2005
Sold by
Spinnaker Homes Llc
Bought by
Helfant Irwin and Helfant Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,300
Interest Rate
5.93%

Purchase Details

Closed on
Jun 2, 1994
Sold by
Cummings Marc S
Bought by
Marinan Brenda E and Marinan Sean R
Source: Public Records

Range of Values:

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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
John & N Schwarz Ret $440,000 None Available
John & N Schwarz Ret $440,000 None Available
Sexton Michael L $435,000 --
Sexton Michael L $435,000 --
Shapiro James E $373,000 --
Shapiro James E $373,000 --
Vasington Ann Marie $491,000 --
Vasington Ann Marie $491,000 --
Helfant Irwin $418,307 --
Helfant Irwin $418,307 --
Marinan Brenda E $82,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marinan Brenda E $417,000
Previous Owner Marinan Brenda E $334,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2020 10/20/20 Sold $440,000 -2.2% $129 / Sq Ft
07/11/2020 07/11/20 For Sale $449,900 +3.4% $132 / Sq Ft
04/18/2016 04/18/16 Sold $435,000 -3.3% $176 / Sq Ft
12/17/2015 12/17/15 Pending -- -- --
11/16/2015 11/16/15 For Sale $449,900 +20.6% $182 / Sq Ft
01/04/2013 01/04/13 Sold $373,000 -18.9% $151 / Sq Ft
09/21/2012 09/21/12 Pending -- -- --
02/03/2012 02/03/12 For Sale $459,900 -- $186 / 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 $9,311 $332,430 $0 $332,430
2024 $8,760 $332,430 $0 $332,430
2023 $8,271 $332,430 $0 $332,430
2022 $7,925 $332,430 $0 $332,430
2021 $8,252 $289,450 $0 $289,450
2020 $8,495 $299,530 $0 $299,530
2019 $8,444 $299,530 $0 $299,530
2018 $8,192 $299,530 $0 $299,530
2017 $7,836 $299,530 $0 $299,530
2016 $7,463 $294,280 $0 $294,280
2015 $7,272 $294,280 $0 $294,280
2014 $7,072 $294,280 $0 $294,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170313257

SmartMLS

APN: ELYM-001004-010001-000066