NOT LISTED FOR SALE

54 Clark Ln Waterford, CT 06385

Estimated Value: $308,000

4 Beds
2 Baths
2,407 Sq Ft
$128/Sq Ft Est. Value

Last Sold February 09, 2021

Last sale price $223,000 $93 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,725/month

63 Days on Market

Highlights

  • Property is near public transit
  • Attic
  • 1 Car Detached Garage
  • Waterford High School Rated A-
  • No HOA
  • 5-minute walk to Stenger Farm Park

About This Home

As of February 2021

Centrally located in Waterford, this two-family residence offers the option of an income producing investment opportunity or owner occupant in one unit and tenant occupant in the other to pay the mortgage. The property has a new roof (2019) and there is a separate access walk-up attic that affords great storage and is located in unit 2. Both units have ceiling fans, hardwood floors, ceramic tile; unit 2 also has linoleum flooring and each has two separate entry points. There is a one car detached garage on the adjoining lot (54 Clark Ln) and the primary lot (60 Clark Ln.) provides for paved off-street parking for tenants/guests. This rare multi-family includes the adjacent lot as part of the package but the two are not taxed as one property. Current assessment for the lot is $41,350 x 27.87 bringing the tax to $1152 and combined with the primary lot, the total tax is $5,072. Town records show a total living space of 2407 square feet but this count includes a finished attic which is not accurate. The first floor has 1,295 sq. ft. and the second unit has 836 sq. ft. giving a total living space of 2,131 sq. ft. The attic which is not finished accounts for the other 276 sq. ft. which brings the total to 2407. Convenient location just a short distance from supermarkets, restaurants, schools, senior center, public library, medical facilities, bus line and a dog park. The property is tenant occupied & requires 24 hr. notice. Home to be sold 'AS IS, WHERE IS'.

Last Agent to Sell the Property

Pam McNulty-Hennessey

William Raveis Real Estate License #RES.0776682 Listed on: 09/14/2020

William Raveis Real Estate

Co-Listed By

Mary Poola

William Raveis Real Estate License #REB.0755915

Last Buyer's Agent

Alan Berman

Signature Properties of NewEng License #REB.0050180

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,920

Year Built

  • Built in 1932

Lot Details

  • 8,276 Sq Ft Lot
  • Level Lot

Home Design

  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,407 Sq Ft Home
  • Ceiling Fan
  • Concrete Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Attic

  • Storage In Attic
  • Walkup Attic

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement
  • Dirt Floor
  • Basement Storage

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 1 Car Detached Garage
  • Private Driveway
  • Off-Street Parking

Outdoor Features

  • Porch

Location

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

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System
  • Hot Water Circulator
  • Electric Water Heater
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $23,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,920

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2407
  • Public Record Living Room Sq Ft: 2407
  • Total Sq Ft: 2407
  • Year Built: 1932
  • Nearby Amenities: Commuter Bus, Golf Course, Library, Medical Facilities, Park, Private Rec Facilities, Public Rec Facilities, Shopping/Mall
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 4355
  • Directions: Boston Post Road to Stop & Shop plaza, turn left/right (depending on direction coming from) onto Clark Lane and prceed past Stop & Shop; Subject will be on the left hand side of the road and there will be sign in front.
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Attic Description: Walk-up, Storage Space
  • Basement Description: Full, Shared Basement, Concrete Floor, Dirt Floor, Storage
  • Laundry Room Info: Washer/Dryer All Units
  • Attic: Yes

Exterior Features

  • Exterior Features: Porch, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage, Paved, Off Street Parking
  • Garages Number: 1
  • Driveway Type: Private, Asphalt

Utilities

  • Cooling System: Ceiling Fans, Window Unit
  • Heat Type: Baseboard, Hot Water
  • Heat Fuel Type: Electric
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic, 40 Gallon Tank, Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Green Features

  • Energy Features: Storm Doors, Storm Windows

Lot Info

  • Acres: 0.1900
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: R-20

Multi Family

  • Gross Annual Income: 23400
  • Unit Count: 2
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 3920
  • Mil Rate Base: 27.870
  • Assessor Parcel Number: 1589878

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
Sep 14, 2020
Closed on
Feb 8, 2021
Sold by
George Francoeur Ret and Poeschl
Bought by
Sciullo David
Seller's Agent
Pam McNulty-Hennessey
William Raveis Real Estate
Buyer's Agent
Alan Berman
Signature Properties of NewEng
List Price
$269,000
Sold Price
$223,000
Premium/Discount to List
-$46,000
-17.1%
Current Estimated Value
$308,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,000
Avg. Annual Appreciation
6.91%
Original Mortgage
$200,700
Outstanding Balance
$179,192
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$128,808
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
Sciullo David $223,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sciullo David $200,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/09/2021 02/09/21 Sold $223,000 -12.5% $93 / Sq Ft
11/16/2020 11/16/20 Pending -- -- --
10/20/2020 10/20/20 Price Changed $255,000 -5.2% $106 / Sq Ft
09/14/2020 09/14/20 For Sale $269,000 -- $112 / 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 $1,302 $55,730 $55,010 $720
2024 $1,243 $55,730 $55,010 $720
2023 $1,181 $55,730 $55,010 $720
2022 $1,140 $41,350 $40,660 $690
2021 $1,143 $41,350 $40,660 $690
2020 $1,152 $41,350 $40,660 $690
2019 $1,157 $41,350 $40,660 $690
2018 $1,134 $41,350 $40,660 $690
2017 $1,182 $43,740 $43,050 $690
2016 $1,171 $43,740 $43,050 $690
2015 $1,130 $43,740 $43,050 $690
2014 $1,085 $43,740 $43,050 $690
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170337120

SmartMLS

APN: WATE-000133-000000-001413