NOT LISTED FOR SALE

500 Main St Unit 5 Ridgefield, CT 06877

Estimated Value: $1,210,000 - $2,702,000

5 Beds
3.5 Baths
4,490 Sq Ft
$474/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $1,775,000 $395 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $15,013/month

70 Days on Market

Highlights

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

About This Home

As of October 2020

Luxurious Living In The Heart Of Downtown Ridgefield! The 'Water Tower' condo blends quality materials, top-notch construction & sleek sophistication in 4500 sq ft. 9-ft ceilings flow through the open-concept main level incl Living Rm w/gas Fpl & reclaimed wood beams; Dining Rm; KIT w/oversized Brazilian stone island & prof appliances; spectacular private Office; Powder Rm w/sleek hand-blown tiles & Mudroom w/direct access to garage. Master wing incl. spacious BR, private Sitting Rm w/fireplace, Dressing Rm + gorgeous, spa-like Master Bath; 2 add'l spacious BRs; hall bath + large Laundry Rm are on 2nd flr. 3rd Flr has multiple Office options w/2 rooms, full Bath, large open space & cathedral-ceiling open space for hang-out area or studio. Lower level has full height ceilings and can be easily finished as a home gym, wine cellar etc. Large deck is perfect for entertaining. Top East Coast Interior Designer pairs white oak hardwood floors, reclaimed wood beams & farmhouse-style sliding doors w/a soothing paint palette, textured tiles & simple paneling to reflect the best in refined elegance & the most current trends in design & architecture. 1hr from NYC & part of a 16-unit new development on the historic Elms Inn site, you can be a part of something truly special without the maintenance of a single family home! Walk to everything Connecticut’s #1 town has to offer-5-star restaurants, Ballard Park, award-winning schools & cultural icons. Town water/sewer, natural gas heat.

Last Agent to Sell the Property

Karla Murtaugh

Compass Connecticut, LLC License #RES.0766790 Listed on: 05/20/2020

Compass Connecticut, LLC

Last Buyer's Agent

Sarah Fair

William Raveis Real Estate License #RES.0767469

William Raveis Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $35,865

Year Built

  • Built in 2016

Lot Details

  • 4,792 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Garden
  • Property is zoned RA

HOA Fees

  • $584 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Farmhouse Style Home
  • Concrete Foundation
  • Frame Construction
  • Shingle Roof
  • Cedar Siding
  • Shake Siding

Interior Spaces

  • 4,490 Sq Ft Home
  • Open Floorplan
  • 2 Fireplaces
  • Thermal Windows
  • Mud Room
  • Entrance Foyer
  • Home Security System

Kitchen

  • Gas Range
  • Range Hood
  • Microwave
  • Sub-Zero Refrigerator
  • Dishwasher
  • Wine Cooler

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Attic

  • Walkup Attic
  • Finished Attic

Unfinished Basement

  • Interior Basement Entry
  • Basement Storage

Parking

  • 2 Car Attached Garage
  • Parking Deck
  • Automatic Garage Door Opener
  • Shared Driveway

Eco-Friendly Details

  • Energy-Efficient Insulation
  • ENERGY STAR Certified Homes

Outdoor Features

  • Deck
  • Rain Gutters
  • Porch

Location

  • Property is near shops

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Cable TV Available

Community Details

  • Association fees include grounds maintenance, property management, insurance
  • The Elms Subdivision

Listing and Financial Details

  • Exclusions: Ask agent for full list of inclusions/exclusions

Home Details

Home Type

Single Family

Est. Annual Taxes

$35,865

Year Built

Built in 2016

Lot Details

0

HOA Fees

$584 per month

Listing Details

  • Neighborhood: Village Center
  • Property Type: Single Family For Sale
  • Style: Colonial, Farm House
  • Sq Ft Est Heated Above Grade: 4490
  • Public Record Living Room Sq Ft: 4093
  • Total Sq Ft: 4490
  • Year Built: 2016
  • Nearby Amenities: Health Club, Library, Medical Facilities, Park, Shopping/Mall, Tennis Courts
  • Exclusions: Ask agent for full list of inclusions/exclusions
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Tax Year Updated Dt: 08/24/2020
  • Directions: Main Street to The Elms #5 - the Water Tower unit.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 12
  • Total Bedrooms: 5
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Fireplaces: 2
  • Attic Description: Walk-up, Finished, Heated
  • Basement Description: Unfinished, Interior Access, Storage
  • Interior Amenities: Auto Garage Door Opener, Cable - Available, Open Floor Plan, Security System
  • Appliances: Gas Range, Microwave, Range Hood, Subzero, Dishwasher, Washer, Dryer, Wine Chiller
  • Additional Rooms: Foyer, Laundry Room, Mud Room
  • Laundry Room Location: In unit
  • Laundry Room Info: Upper Level
  • Attic: Yes
  • Street Number Modifier: 500

Exterior Features

  • Exterior Features: Deck, Garden Area, Gutters, Porch
  • Exterior Siding: Shake, Cedar
  • Foundation Type: Concrete
  • Roof Information: Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Attached Garage, Paved
  • Garages Number: 2
  • Driveway Type: Private, Shared, Paved

Utilities

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

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Property Management, Insurance
  • HOA Fees: 584
  • 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, Extra Insulation, Programmable Thermostat, Thermopane Windows

Lot Info

  • Acres: 0.1100
  • Lot Description: Corner Lot, Level Lot
  • Zoning: RA

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 35865
  • Total Assessed Value: 1275440
  • Mil Rate Base: 28.120
  • Mil Rate Total: 28.120
  • Assessor Parcel Number: 2657380

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

Listed on
May 20, 2020
Closed on
Oct 16, 2020
Sold by
Bornstein Jeffrey S and Bornstein Jill M
Bought by
Donna B Narciso T
Seller's Agent
Karla Murtaugh
Compass Connecticut, LLC
Buyer's Agent
Sarah Fair
William Raveis Real Estate
List Price
$1,895,000
Sold Price
$1,775,000
Premium/Discount to List
-$120,000
-6.33%
Current Estimated Value
$2,128,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$353,481
Avg. Annual Appreciation
5.90%

Purchase Details

Listed on
Jun 16, 2016
Closed on
Apr 21, 2017
Sold by
Elms Dev Co Llc
Bought by
Bornstein Jeffrey S and Bornstein Jill M
Seller's Agent
Matthew Lecher
Matthew Lecher Real Estate
Buyer's Agent
Karla Murtaugh
Compass Connecticut, LLC
List Price
$1,990,000
Sold Price
$1,860,000
Premium/Discount to List
-$130,000
-6.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.32%
Original Mortgage
$900,000
Interest Rate
4.21%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Donna B Narciso T $1,775,000 None Available
Bornstein Jeffrey S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bornstein Jeffrey S $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2020 10/23/20 Sold $1,775,000 -6.3% $395 / Sq Ft
07/29/2020 07/29/20 Pending -- -- --
05/20/2020 05/20/20 For Sale $1,895,000 +1.9% $422 / Sq Ft
04/21/2017 04/21/17 Sold $1,860,000 -6.5% $489 / Sq Ft
01/24/2017 01/24/17 Pending -- -- --
06/16/2016 06/16/16 For Sale $1,990,000 -- $524 / 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 $37,723 $1,377,250 $0 $1,377,250
2024 $36,106 $1,370,250 $0 $1,370,250
2023 $35,366 $1,370,250 $0 $1,370,250
2022 $38,857 $1,366,750 $350 $1,366,400
2021 $35,980 $1,275,440 $350 $1,275,090
2020 $35,865 $1,275,440 $350 $1,275,090
2019 $35,485 $1,261,930 $350 $1,261,580
2018 $35,056 $1,261,930 $350 $1,261,580
2017 $28,222 $1,037,210 $0 $1,037,210
2016 $19,015 $712,450 $0 $712,450
Source: Public Records

Agents Affiliated with this Home

  • Karla Murtaugh

    Seller's Agent in 2020

    Karla Murtaugh

    Compass Connecticut, LLC

    (203) 856-5534

    259 in this area

    337 Total Sales

    Karla Murtaugh
    Section Image
  • Sarah Fair

    Buyer's Agent in 2020

    Sarah Fair

    William Raveis Real Estate

    (203) 858-6301

    9 in this area

    92 Total Sales

    Sarah Fair
    Section Image

  • M

    Seller's Agent in 2017

    Matthew Lecher

    Matthew Lecher Real Estate

    (203) 994-8338

    1 Total Sale

    Matthew Lecher
    Section Image
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Map

Source: SmartMLS

MLS Number: 170296498

SmartMLS

APN: RIDG-000014-E001000

Connecticut Fairfield County Ridgefield 06877

500 Main St Unit 5, Ridgefield, CT

This home is located at 500 Main St Unit 5, Ridgefield, CT 06877 since 20 May 2020 and is currently estimated at $2,128,481, approximately $474 per square foot. This property was built in 2016. 500 Main St Unit 5 is a home located in Fairfield County with nearby schools including Veterans Park Elementary School, Ridgefield High School, and St. Mary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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