NOT LISTED FOR SALE

Estimated Value: $461,000 - $486,145

3 Beds
2 Baths
2,310 Sq Ft
$203/Sq Ft Est. Value

Last Sold May 17, 2023

Last sale price $410,000 $177 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,172/month

3 Days on Market

Highlights

  • Spa
  • Ranch Style House
  • 1 Fireplace
  • Waterfront
  • Attic
  • Enclosed Patio or Porch

About This Home

As of May 2023

Single level living at this lovely and welcoming Ranch style home in Gales Ferry. 55 Harvard Terrace is situated on a quaint cul-de-sac street with beautiful views of the 5 acre Cranberry Pond from nearly every room. The 3 bedroom home has 2 full baths and approximately 1,560 square feet of above grade living space on the main floor in addition to over 700 square feet of fully finished basement. One will immediately notice the owners’ meticulous and ongoing efforts to update, maintain and forge a more energy efficient home. The front porch is most inviting, offering a delightful sense of Southern hospitality making way for lounging with family and friends or curling up with a good read. Step inside and you won't miss the open concept floor plan boasting stunning water views. In 2020, the kitchen footprint was expanded by over 100 sq ft to make way for a full dining room experience. The kitchen is also furnished with brand-new stainless-steel appliances, electric fireplace and crisp, new cabinets with granite countertops. The living room bears built-in cabinetry and a rustic slate fireplace with Quadra-Fire insert, great for supplemental heating. The sunroom is open, comfortable and bursting with natural light, tall 13 foot cathedral ceilings and abundance of windows overlooking the level backyard, leading to the pond.

Last Agent to Sell the Property

Stephano Stravoravdis

Real Broker CT, LLC License #RES.0807925 Listed on: 04/08/2023

Real Broker CT, LLC

Last Buyer's Agent

Amber Heenan

William Raveis Real Estate License #RES.0822327

William Raveis Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,805

Year Built

  • Built in 1960

Lot Details

  • 0.55 Acre Lot
  • Waterfront
  • Property is zoned R20

Parking

  • 1 Car Garage

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Attic or Crawl Hatchway Insulated

Kitchen

  • Oven or Range
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on lower level
  • Electric Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Garage Access

Pool

  • Spa
  • Above Ground Pool

Outdoor Features

  • Covered Deck
  • Enclosed Patio or Porch

Schools

  • Gales Ferry Elementary School
  • Ledyard Middle School
  • Ledyard High School

Utilities

  • Zoned Heating and Cooling
  • Baseboard Heating
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement

Listing and Financial Details

  • Assessor Parcel Number 1512866

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,805

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Neighborhood: Gales Ferry
  • Property Type: Single Family For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 1565
  • Sq Ft Est Heated Below Grade: 745
  • Total Sq Ft: 2310
  • Year Built: 1960
  • New Construction: No/Resale
  • Remarks Public Addendum: Entertainment options are seemingly endless on this property, as the backyard is amply primed for bonfires and barbecues, as is the pond for fishing bass, ice skating, kayaking, and the like.The primary bedroom has its own full bathroom while the second full bathroom is in the main hall. The two remaining bedrooms on the backside of the home notably showcase oak hardwood floors. The newer 50/yr architectural shingle roof, brand new wide gutters, brand new windows and blown in attic insulation are additional features that mustn't be overlooked as they no doubt provide peace of mind to the next homeowner. Downstairs in the family/rec room you’ll find a second Quadra-Fire wood stove and another bonus room, ideal as an additional bedroom or office. Off the back of the drybar is a door that leads upstairs to the attached one car garage. The Central A/C is another desirable and convenient feature as we enter into the warmer months. This is a great home all around: offering a desirable degree of privacy, and conveniently located at the center of Gales Ferry, just minutes away from the back entrance to the Sub base, a short drive to both major casinos, Electric Boat, and about a 15 minute drive to the CT Shoreline. Please come and take a look.
  • Direct Waterfront: Yes
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 4246
  • Directions: Take a left onto Harvard Terrace of Military Hwy.
  • Financing Used: Conventional Fixed
  • Living Area Sq Ft Per Public Record: 1455
  • Spec Assoc Asses: No
  • Street Type: Terrace
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 8
  • Total Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Attic Description: Access Via Hatch
  • Basement Description: Full, Garage Access, Liveable Space
  • Appliances: Electric Range, Oven/Range, Microwave, Refrigerator, Dishwasher, Washer, Electric Dryer
  • Laundry Room Info: Lower Level
  • Attic: Yes
  • Street Number Modifier: 55
  • Other SqFt Description: Sellers added onto the existing kitchen in 2020 and was issued a Certificate of Occupancy by town.

Exterior Features

  • Exterior Features: Covered Deck, Hot Tub, Porch, Porch-Enclosed
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Direct Waterfront Pond View Walk to Water
  • Swimming Pool: Yes
  • Pool: Above Ground Pool
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 1
  • Garage And Parking: Attached Garage

Utilities

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

Schools

  • Elementary School: Gales Ferry
  • Middle School: Ledyard
  • High School: Ledyard

Lot Info

  • Acres: 0.55
  • Lot Description: On Cul-De-Sac Cleared Water View Level Lot
  • Zoning: R20
  • Parcel #: 1512866

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 6805
  • Total Assessed Value: 201203
  • Mil Rate Total: 33.82

MLS Schools

  • Elementary School: Gales Ferry
  • Middle Jr High School: Ledyard
  • High School: Ledyard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2023
Closed on
May 17, 2023
Sold by
Bellaflores Gary and Bellaflores Jane M
Bought by
Cassidy Kevin J and Hollis Heather L
Seller's Agent
Stephano Stravoravdis
Real Broker CT, LLC
Buyer's Agent
Amber Heenan
William Raveis Real Estate
List Price
$399,900
Sold Price
$410,000
Premium/Discount to List
$10,100
2.53%
Views
47
Current Estimated Value
$468,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,536
Avg. Annual Appreciation
5.62%
Original Mortgage
$328,000
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 3, 1994
Sold by
Johnson Daniel K and Johnson Donna
Bought by
Bellaflores Gary and Bellaflores Jane
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
Cassidy Kevin J $410,000 None Available
Bellaflores Gary $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cassidy Kevin J $320,000
Closed Cassidy Kevin J $328,000
Previous Owner Johnson Daniel $266,437
Previous Owner Johnson Daniel $98,000
Previous Owner Johnson Daniel $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2023 05/17/23 Sold $410,000 +2.5% $177 / Sq Ft
04/17/2023 04/17/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $399,900 -- $173 / 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 $7,493 $201,763 $72,053 $129,710
2024 $7,084 $201,203 $72,053 $129,150
2023 $6,954 $201,203 $72,053 $129,150
2022 $6,805 $201,203 $72,053 $129,150
2021 $6,760 $201,203 $72,053 $129,150
2020 $6,431 $183,890 $75,530 $108,360
2019 $6,447 $183,890 $75,530 $108,360
2018 $6,306 $183,890 $75,530 $108,360
2017 $5,984 $183,890 $75,530 $108,360
2016 $5,866 $183,890 $75,530 $108,360
2015 $5,590 $183,890 $75,530 $108,360
2014 $5,973 $199,780 $80,360 $119,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170561742

SmartMLS

APN: LEDY-000091-000910-000055