NOT LISTED FOR SALE

518 Summit Dr Orange, CT 06477

Estimated Value: $644,000 - $749,000

3 Beds
2.5 Baths
2,177 Sq Ft
$319/Sq Ft Est. Value

Last Sold January 07, 2022

Last sale price $525,000 $241 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,482/month

37 Days on Market

Highlights

  • Ranch Style House
  • Attic
  • Corner Lot
  • Race Brook School Rated A-
  • 2 Fireplaces
  • No HOA

About This Home

As of January 2022

Back on the market! Don't let this one get away. This Newly renovated Ranch style home is ready for you to just move in and call Home. 3 bedrooms, 2 and a half Baths,New kitchen with Granite counter tops, New Stainless steel appliances, New Baths, All New Windows, New Septic, New Central A/C, New Hickory engineered floors, New wall to wall carpeting in bedrooms,City water, Newer Boiler and Hot Water tank, 3 car garage, Plenty of storage, Amity School System, Close to restaurants, shopping, great commuter location. Agent related to Owners

Last Agent to Sell the Property

Belinda Ladutko

Property-Connection LLC License #REB.0789306 Listed on: 10/25/2021

Last Buyer's Agent

Sean Krom

RE/MAX Alliance License #RES.0808251

RE/MAX Alliance

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,648

Year Built

  • Built in 1955

Lot Details

  • 1.26 Acre Lot
  • Corner Lot
  • Level Lot

Parking

  • 3 Car Attached Garage

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Asphalt Shingled Roof
  • Wood Siding
  • Concrete Siding

Interior Spaces

  • 2,177 Sq Ft Home
  • 2 Fireplaces
  • Walkup Attic
  • Laundry on main level

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Location

  • Property is near golf course and shops

Schools

  • Amity Regional High School

Utilities

  • Central Air
  • Hot Water Heating System
  • Heating System Uses Oil
  • Hot Water Circulator
  • Oil Water Heater
  • Fuel Tank Located in Basement

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,648

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 2177
  • Public Record Living Room Sq Ft: 2177
  • Total Sq Ft: 2177
  • Year Built: 1955
  • Nearby Amenities: Golf Course, Health Club, Library, Medical Facilities, Shopping/Mall
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 5803
  • Directions: Derby Ave(rt 34) to Dogwood to Kanuga trail to Summit
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 9
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 2
  • Attic Description: Walk-up
  • Basement Description: Full, Unfinished, Storage
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher
  • Laundry Room Info: Main Level
  • Attic: Yes

Exterior Features

  • Exterior Siding: Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Concrete

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 3

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Water
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Oil
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Lot Info

  • Acres: 1.2600
  • Lot Description: Corner Lot, Level Lot
  • Flood Zone: No
  • Zoning: Reside

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 7648
  • Mil Rate Base: 33.250
  • Assessor Parcel Number: 1303744

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2021
Closed on
Jan 7, 2022
Sold by
Ladutko William and Ladutko Lynn
Bought by
Velez Roberto and Babe Jacqueline R
Seller's Agent
Belinda Ladutko
Property-Connection LLC
Buyer's Agent
Sean Krom
RE/MAX Alliance
List Price
$498,000
Sold Price
$525,000
Premium/Discount to List
$27,000
5.42%
Current Estimated Value
$694,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,429
Avg. Annual Appreciation
7.21%
Original Mortgage
$485,000
Outstanding Balance
$447,046
Interest Rate
3.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$247,383

Purchase Details

Closed on
May 25, 2021
Sold by
Lembo Joseph A and Lembo Kathleen M
Bought by
Ladutko William and Ladutko Lynn

Purchase Details

Closed on
Oct 13, 1987
Sold by
Juliano Frank A
Bought by
Lembo Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
10.33%
Mortgage Type
Purchase Money Mortgage
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
Velez Roberto $525,000 None Available
Velez Roberto $525,000 None Available
Ladutko William $400,000 None Available
Ladutko William $400,000 None Available
Lembo Joseph A $370,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velez Roberto $485,000
Closed Velez Roberto $485,000
Previous Owner Lembo Joseph A $200,000
Previous Owner Lembo Joseph A $188,000
Previous Owner Lembo Joseph A $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2022 01/07/22 Sold $525,000 +5.4% $241 / Sq Ft
12/01/2021 12/01/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $498,000 -- $229 / 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 $10,639 $365,600 $195,600 $170,000
2024 $11,334 $365,600 $195,600 $170,000
2023 $8,488 $262,700 $142,700 $120,000
2022 $7,419 $226,800 $142,700 $84,100
2021 $7,648 $230,000 $145,900 $84,100
2020 $7,530 $230,000 $145,900 $84,100
2019 $7,496 $230,000 $145,900 $84,100
2018 $7,360 $230,000 $145,900 $84,100
2017 $7,628 $229,200 $138,700 $90,500
2016 $7,380 $229,200 $138,700 $90,500
2015 $7,197 $229,200 $138,700 $90,500
2014 $6,991 $229,200 $138,700 $90,500
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Belinda Ladutko

    Property-Connection LLC

    Section Image
  • Sean Krom

    Buyer's Agent in 2022

    Sean Krom

    RE/MAX

    (203) 488-1641

    2 in this area

    25 Total Sales

    Sean Krom
    Section Image
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Map

Source: SmartMLS

MLS Number: 170447024

SmartMLS

APN: ORAN-000075-000009-000017

Connecticut New Haven County Orange 06477

518 Summit Dr, Orange, CT

Not Listed for Sale

Detached

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