NOT LISTED FOR SALE

55 Hope St Niantic, CT 06357

Niantic Neighborhood

Estimated Value: $467,000 - $1,212,000

5 Beds
4 Baths
1,883 Sq Ft
$432/Sq Ft Est. Value

Last Sold April 10, 2015

Last sale price $100,000 $53 Per Sq Ft

Est. 713% increase in value since last sale

Current estimated payment $5,589/month

51 Days on Market

Highlights

  • No HOA
  • Heating System Uses Steam
  • Wood Siding
  • East Lyme Middle School Rated A-
  • Level Lot

About This Home

As of April 2015

Steps to the beach plus a blank slate to design equals A DREAM HOME! Rare opportunity to own a multi family in Niantic! The home has been completely gutted and is awaiting a new design and creative mind to make it shine above the rest. Situated on a nice flat lot and walking distance to downtown Niantic this is worth all the work that will be needed. Home is sold "as is" and needs more than elbow grease. Will not go government financing. Cash sale or 203k

Last Agent to Sell the Property

Anthony Revoir

RE/MAX One License #REB.0791557 Listed on: 02/02/2015

RE/MAX One

Last Buyer's Agent

Anthony Revoir

RE/MAX One License #REB.0791557 Listed on: 02/02/2015

RE/MAX One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,199

Year Built

  • Built in 1920

Lot Details

  • 0.27 Acre Lot
  • Level Lot

Home Design

  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 1,883 Sq Ft Home
  • 2-Story Property

Parking

  • 2 Car Garage
  • Off-Street Parking
  • Unassigned Parking

Schools

  • Pboe Elementary School
  • Pboe High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Oil
  • Oil Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,199

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Neighborhood: Niantic
  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: Units on different Floors
  • Total Sq Ft: 1883
  • Year Built: 1920
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: hope st
  • Special Features: None
  • Stories: 2

Interior Features

  • Laundry Room Location: Lower Level
  • Attic: No
  • Stories Number Of: 2

Exterior Features

  • Exterior Siding: Shingle, Wood
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Off Street Parking, Unassigned Parking
  • Garages Number: 2
  • Total Parking Spaces: 2

Utilities

  • Heat Type: Steam
  • Heat Fuel Type: Oil
  • Hot Water Description: Oil
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.2696
  • Lot Description: Level Lot

Rental Info

  • Lease Purchase: No

Tax Info

  • Tax Year: July 2014-June 2015
  • Property Tax: 3199
  • Assessor Parcel Number: 1467043

Multi Family

  • Total Num Of Units: 2

MLS Schools

  • Elementary School: PBOE
  • High School: PBOE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2015
Closed on
Apr 10, 2015
Sold by
55 Hope Street Llc
Bought by
Price Pamela K
Seller's Agent
Anthony Revoir
RE/MAX One
Buyer's Agent
Anthony Revoir
RE/MAX One
List Price
$124,900
Sold Price
$100,000
Premium/Discount to List
-$24,900
-19.94%
Current Estimated Value
$812,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$712,638
Avg. Annual Appreciation
21.65%

Purchase Details

Listed on
Mar 10, 2014
Closed on
Aug 26, 2014
Sold by
Wells Fargo Bank Na Tr
Bought by
55 Hope St Llc
Seller's Agent
The Bowes Team
RE/MAX on the Bay
Buyer's Agent
Jon Arruda
William Pitt Sotheby's Int'l
List Price
$115,000
Sold Price
$106,050
Premium/Discount to List
-$8,950
-7.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.04%

Purchase Details

Closed on
Jul 16, 2002
Sold by
Pascam Assoc
Bought by
Ozer Hamdi
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Price Pamela K $100,000 --
Price Pamela K $100,000 --
55 Hope St Llc $106,050 --
55 Hope St Llc $106,050 --
Ozer Hamdi $125,000 --
Ozer Hamdi $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ozer Hamdi $185,000
Previous Owner Ozer Hamdi $159,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/10/2015 04/10/15 Sold $100,000 -19.9% $53 / Sq Ft
03/25/2015 03/25/15 Pending -- -- --
02/02/2015 02/02/15 For Sale $124,900 +17.8% $66 / Sq Ft
08/26/2014 08/26/14 Sold $106,050 -7.8% $57 / Sq Ft View Prior Sale
03/28/2014 03/28/14 Pending -- -- --
03/10/2014 03/10/14 For Sale $115,000 -- $62 / 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 $15,776 $563,220 $83,370 $479,850
2024 $14,841 $563,220 $83,370 $479,850
2023 $14,013 $563,220 $83,370 $479,850
2022 $13,427 $563,220 $83,370 $479,850
2021 $9,865 $346,010 $75,320 $270,690
2020 $10,041 $354,060 $75,320 $278,740
2019 $9,981 $354,060 $75,320 $278,740
2018 $5,307 $194,040 $75,320 $118,720
2017 $2,738 $104,650 $75,320 $29,330
2016 $2,645 $104,300 $71,400 $32,900
2015 $3,290 $133,140 $71,400 $61,740
2014 $3,199 $133,140 $71,400 $61,740
Source: Public Records

Agents Affiliated with this Home

  • Anthony Revoir

    Seller's Agent in 2015

    Anthony Revoir

    RE/MAX

    (860) 235-1642

    86 Total Sales

    Anthony Revoir
    Section Image
  • The Bowes Team

    Seller's Agent in 2014

    The Bowes Team

    RE/MAX

    (860) 739-0888

    5 in this area

    81 Total Sales

    The Bowes Team
    Section Image
  • Jon Arruda

    Buyer's Agent in 2014

    Jon Arruda

    William Pitt

    (860) 536-5900

    149 Total Sales

    Jon Arruda
    Section Image
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Map

Source: SmartMLS

MLS Number: E10019759

SmartMLS

APN: ELYM-001102-000126

Connecticut New London County Niantic 06357 Niantic

55 Hope St, Niantic, CT

Not Listed for Sale

MultiFamily

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