NOT LISTED FOR SALE

68 Black Point Rd Niantic, CT 06357

Niantic Neighborhood
8 Beds
6 Baths
6,500 Sq Ft
2.27 Acres

Last Sold July 11, 2022

Last sale price $920,000 $142 Per Sq Ft

71 Days on Market

Highlights

  • Beach Front
  • 2.27 Acre Lot
  • Circular Driveway
  • East Lyme Middle School Rated A-
  • No HOA
  • Walking Distance to Water

About This Home

As of July 2022

AMAZING CASH FLOW 10 FAMILY RIGHT BY BEACH! This unique multifamily property is located right near the center of Niantic and walking distance to McCooks Beach! There are 6 picturesque cottages, a pair of duplexes, and a multi car garage on the 2+ acre lot. This property is easily accessible with dual points of entry and a circular driveway. Private parking spaces for each cottage, and duplexes have their own assigned parking. MANY UPDATES WERE DONE TO THIS PROPERTY- NEW ROOFS ON 4 COTTAGES, COMPLETELY UPDATED COTTAGE #4, SEPTIC SYSTEMS WERE INSPECTED AND FIXES COMPLETED, UPDATED SUPPORT TO MULTIFAMILY #1. This property is fully rented, mostly to long term tenants, and those month-to-month leases are under market value.

Last Agent to Sell the Property

Lea Trueblood

Coldwell Banker Realty License #RES.0806222 Listed on: 04/23/2022

Coldwell Banker Realty

Last Buyer's Agent

Adam Velez

eXp Realty License #RES.0815567

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,622

Year Built

  • Built in 1948

Lot Details

  • 2.27 Acre Lot
  • Beach Front
  • Level Lot
  • Garden

Home Design

  • Concrete Foundation
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Block Exterior
  • Vinyl Siding

Interior Spaces

  • 6,500 Sq Ft Home
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Parking

  • 14 Car Detached Garage
  • Circular Driveway
  • Shared Driveway
  • Off-Street Parking

Outdoor Features

  • Walking Distance to Water

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Oil Above Ground
  • Heating System Uses Propane
  • Propane Water Heater

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • Gross Income $98,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,622

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Neighborhood: Niantic
  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 6500
  • Total Sq Ft: 6500
  • Year Built: 1948
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Tax Year Updated Dt: 07/11/2022
  • Directions: GPS friendly
  • Special Features: None

Interior Features

  • Basement Description: Full With Hatchway
  • Attic: No
  • Street Number Modifier: 68

Exterior Features

  • Exterior Features: Garden Area
  • Exterior Siding: Vinyl Siding, Wood
  • Foundation Type: Concrete, Slab
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame, Block

Garage/Parking

  • Garage Parking Info: Detached Garage, Off Street Parking
  • Garages Number: 14
  • Driveway Type: Shared, Circular

Utilities

  • Cooling System: Ceiling Fans, Wall Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric, Propane
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Propane
  • Water Source: Public Water Connected
  • Sewer: Septic, Shared Septic

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 2.2700
  • Lot Description: Level Lot
  • Zoning: R40

Multi Family

  • Gross Annual Income: 98000
  • Unit Count: 6
  • Total Num Of Units: 10

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 11622
  • Total Assessed Value: 487480
  • Mil Rate Base: 23.840
  • Mil Rate Total: 23.840
  • Assessor Parcel Number: 1467457

MLS Schools

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

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2022 07/11/22 Sold $920,000 -3.2% $142 / Sq Ft
04/23/2022 04/23/22 For Sale $950,000 +26.7% $146 / Sq Ft
08/19/2021 08/19/21 Sold $750,000 -6.1% $100 / Sq Ft
07/08/2021 07/08/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $799,000 -- $107 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lea Trueblood

    Seller's Agent in 2022

    Lea Trueblood

    Coldwell Banker Realty

    (860) 605-4322

    2 in this area

    48 Total Sales

    Lea Trueblood
    Section Image
  • Adam Velez

    Buyer's Agent in 2022

    Adam Velez

    eXp Realty

    (860) 961-6040

    1 in this area

    4 Total Sales

    Adam Velez
    Section Image
  • Brendon Mansaku

    Seller's Agent in 2021

    Brendon Mansaku

    SM Real Estate Advisors

    (860) 605-7434

    2 in this area

    25 Total Sales

    Brendon Mansaku
    Section Image
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Map

Source: SmartMLS

MLS Number: 170484554

SmartMLS

APN: ELYM M:011.4 B:00128 L:00000

Connecticut New London County Niantic 06357 Niantic

68 Black Point Rd, Niantic, CT

This home is located at 68 Black Point Rd, Niantic, CT 06357 since 23 April 2022. This property was built in 1948. 68 Black Point Rd is a home located in New London County with nearby schools including East Lyme Middle School, East Lyme High School, and The Light House Voc-Ed Center.

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.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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