$870,000
SOLD AUG 21, 2020

500 Main St Unit 2 Ridgefield, CT 06877

2 Beds
2 Baths
2,197 Sq Ft
$514/mo HOA Fee

Recently Sold

$396 Per Sq Ft

1% Below List Price

32 Days on Market

Highlights

  • Sub-Zero Refrigerator
  • Open Floorplan
  • 1 Fireplace
  • Veterans Park Elementary School Rated A
  • ENERGY STAR Certified Homes
  • 4-minute walk to Ballard Park

About This Home

As of November 2020

Located in the heart of the Village at the historic Elms Inn & just a few minutes walk to the Prospector Theatre, Ridgefield Playhouse, 5-star restaurants, boutique shopping, fitness centers, Ballard Park & more, The Elms #2 is maintenance-free living at its best! Renovated w/the highest attention to detail & energy-rated construction, the condo itself spans the full second floor of the historic building & includes a private elevator & balcony! Hardwood floors flow throughout the spacious, open concept design. Special attention has been paid to finishes, materials & fixtures used. The top-of-the line kitchen incl quartz countertops, a breakfast bar & island, SubZero & Wolf appliances & a perfect layout for any chef. The wide open family room is bathed in natural light through the many windows & offers views of beautiful Ballard Park. Both bedrooms are spacious & the bathrooms showcase the latest trends. An in-apartment laundry offers additional storage & all the closets in the condo - of which there are many - have custom closet organizers. An additional dedicated room in the lower level of the building complements the garage allowing for ample storage. A second parking spot is available on the paved area outside the garage & visitors are welcome with complimentary parking spots. Touting elegance, top-quality construction, a storied history & a transitional vibe, The Elms #2 is a perfect place for those looking to experience the in-town lifestyle without the upkeep!

Last Agent to Sell the Property

Karla Murtaugh

Compass Connecticut, LLC License #RES.0766790 Listed on: 07/13/2020

Compass Connecticut, LLC

Last Buyer's Agent

Karla Murtaugh

Compass Connecticut, LLC License #RES.0766790 Listed on: 07/13/2020

Compass Connecticut, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,483

Year Built

  • Built in 2016

HOA Fees

  • $514 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Frame Construction
  • Clap Board Siding
  • Cedar Siding

Interior Spaces

  • 2,197 Sq Ft Home
  • Open Floorplan
  • 1 Fireplace
  • Thermal Windows
  • Mud Room

Kitchen

  • Oven or Range
  • Microwave
  • Sub-Zero Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Rain Gutters
  • Porch

Schools

  • Veterans Park Elementary School
  • East Ridge Middle School
  • Ridgefield High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Tankless Water Heater

Additional Features

  • ENERGY STAR Certified Homes
  • Property is near shops

Listing and Financial Details

  • Exclusions: Ask agents for full list of inclusions/ecxlusions or see supplements

Community Details

Overview

  • Association fees include grounds maintenance, snow removal, property management, insurance
  • 16 Units
  • The Elms Community

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,483

Year Built

Built in 2016

Lot Details

0

HOA Fees

$514 per month

Listing Details

  • Neighborhood: Village Center
  • Property Type: Condo/Co-Op For Sale
  • Style: Apartment
  • Sq Ft Est Heated Above Grade: 2197
  • Public Record Living Room Sq Ft: 2197
  • Total Sq Ft: 2197
  • Year Built: 2016
  • Nearby Amenities: Health Club, Library, Medical Facilities, Park, Shopping/Mall
  • Property Sub Type: Condominium
  • Exclusions: Ask agents for full list of inclusions/ecxlusions or see supplements
  • Direct Waterfront: No
  • End Unit: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Unit On Floor Number: 2
  • Directions: Main Street to The Elms. Park in visitors spot or in front of center garage. Use side entrance marked "Stairs to #2"
  • Special Features: None

Interior Features

  • Room Count: 5
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Interior Amenities: Open Floor Plan
  • Appliances: Oven/Range, Microwave, Freezer, Subzero, Dishwasher, Disposal, Washer, Dryer
  • Additional Rooms: Laundry Room, Mud Room
  • Laundry Room Info: Main Level
  • Attic: No
  • Street Number Modifier: 500

Exterior Features

  • Exterior Features: Gutters, Porch
  • Exterior Siding: Clapboard, Cedar
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Tankless Hotwater
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Usage Fee Annual: 750

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Snow Removal, Property Management, Insurance
  • Complex Name: The ELMS
  • Levels In Unit: 1
  • HOA Fees: 514
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No

Schools

  • Elementary School: Veterans Park
  • Middle School: East Ridge
  • High School: Ridgefield

Green Features

  • Energy Features: Energy Star Rated, Thermopane Windows

Lot Info

  • Lot Description: Level Lot
  • Zoning: RA

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 15483
  • Total Assessed Value: 550590
  • Mil Rate Base: 28.120
  • Mil Rate Total: 28.120
  • Assessor Parcel Number: 2669451

Multi Family

  • Total Num Of Units: 16

MLS Schools

  • Elementary School: Veterans Park
  • Middle Jr High School: East Ridge
  • High School: Ridgefield

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2025
Sold by
Costello Chris W and Costello Joanne S
Bought by
Gilliam Mark and Chichetti Deborah B
Current Estimated Value
$1,261,053

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$696,644
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$615,061

Purchase Details

Listed on
Sep 14, 2020
Closed on
Nov 4, 2020
Sold by
Helena Hernmarack T
Bought by
Costello Christopher W and Costello Joanne S
Seller's Agent
Karla Murtaugh
Compass Connecticut, LLC
Buyer's Agent
Karla Murtaugh
Compass Connecticut, LLC
List Price
$885,000
Sold Price
$875,000
Premium/Discount to List
-$10,000
-1.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.61%
Original Mortgage
$612,500
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 13, 2020
Closed on
Aug 13, 2020
Sold by
Smith David R and Smith Lisa T
Bought by
Helena Hernmark T
Seller's Agent
Karla Murtaugh
Compass Connecticut, LLC
Buyer's Agent
Karla Murtaugh
Compass Connecticut, LLC
List Price
$875,000
Sold Price
$870,000
Premium/Discount to List
-$5,000
-0.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.77%
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 Type Sale Price Title Company
Warranty Deed $1,230,000 None Available
Warranty Deed $1,230,000 None Available
Deed $875,000 None Available
Deed $875,000 None Available
Warranty Deed $870,000 None Available
Warranty Deed $870,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 Purchase Money Mortgage
Closed $700,000 Purchase Money Mortgage
Previous Owner $612,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $875,000 -1.1% $398 / Sq Ft
09/14/2020 09/14/20 For Sale $885,000 +1.7% $403 / Sq Ft
08/21/2020 08/21/20 Sold $870,000 -0.6% $396 / Sq Ft
07/13/2020 07/13/20 For Sale $875,000 +8.0% $398 / Sq Ft
07/20/2017 07/20/17 Sold $810,000 -1.8% $465 / Sq Ft
10/15/2015 10/15/15 For Sale $825,000 -- $474 / 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 $18,885 $689,500 $0 $689,500
2024 $18,168 $689,500 $0 $689,500
2023 $17,796 $689,500 $0 $689,500
2022 $16,598 $583,810 $0 $583,810
2021 $15,532 $550,590 $0 $550,590
2020 $15,483 $550,590 $0 $550,590
2019 $15,483 $550,590 $0 $550,590
2018 $15,295 $550,590 $0 $550,590
2017 $13,389 $492,050 $0 $492,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170315819

SmartMLS

APN: E14-1002