NOT LISTED FOR SALE

7 Arcadia Rd Niantic, CT 06357

Estimated Value: $842,711 - $1,087,000

4 Beds
2.5 Baths
1,784 Sq Ft
$550/Sq Ft Est. Value

Last Sold May 22, 2023

Last sale price $800,000 $448 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,061/month

18 Days on Market

Highlights

  • Water Views
  • Beach Access
  • Attic
  • East Lyme Middle School Rated A-
  • Colonial Architecture
  • 1 Fireplace

About This Home

As of May 2023

4-BED CLASSIC 1930 COLONIAL * GIANTS NECK BEACH * HIGH ELEVATION VIEWS/SUNSETS * NEARLY DOUBLE SIZED CORNER LOT * The ultimate joy of community beach living is deep-rooted in generations of one-family memories dating back to 1930! Truly set apart is this exceptional location which sits high atop LIS overlooking Rocky Neck and Giants Neck Beaches with the distinction of an expansive level yard. The vista enjoys a patio and an abundance of space for outdoor entertaining, some privacy and plenty of room for parking. The advantage of a large 625 SF 2-car garage with a full loft for storage or future possibilities is adjoined to the house via a covered breezeway. Immediately feel the warmth of a quintessential beach house upon entering this lovingly maintained homestead with accents of pine, fir and wainscoting throughout. The spacious living room includes a gas FP. Pre-existing porches were opened up on the main floor welcoming not only panoramic views, but also separate sitting and dining areas. Features include a galley kitchen w/breakfast bar, full bath plus a half bath with a laundry room. Four bedrooms with another full bath (tub only) are found on the second floor. A bedroom balcony has the most breathtaking views, and since the house faces west, spectacular sunsets! Recent improvements in 2021 include new house and garage reroofing plus a new boiler with updated plumbing. Imagine summers on GNB, or for the best of both worlds, vacation year-round. Seller/Broker related.

Last Agent to Sell the Property

Donna Naples

Naples Realty License #REB.0789943 Listed on: 02/02/2023

Last Buyer's Agent

Mary Jean Agostini

RE/MAX Right Choice License #REB.0004721

RE/MAX Right Choice

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,770

Year Built

  • Built in 1930

Lot Details

  • 0.26 Acre Lot
  • Corner Lot
  • Level Lot
  • Property is zoned R12

HOA Fees

  • $43 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,784 Sq Ft Home
  • 1 Fireplace
  • Water Views
  • Pull Down Stairs to Attic

Kitchen

  • Built-In Oven
  • Electric Cooktop
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • Basement Hatchway
  • Sump Pump
  • Crawl Space

Home Security

  • Home Security System
  • Storm Windows
  • Storm Doors

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Beach Access
  • Walking Distance to Water
  • Balcony
  • Patio
  • Breezeway
  • Rain Gutters

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Fuel Tank Located in Garage

Community Details

  • Association fees include club house, tennis, lake/beach access
  • Property managed by Association Members

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,770

Year Built

Built in 1930

Lot Details

0

HOA Fees

$43 per month

Listing Details

  • Neighborhood: Giants Neck
  • Property Type: Single Family For Sale
  • Style: Colonial
  • Sq Ft Est Heated Above Grade: 1784
  • Public Record Living Room Sq Ft: 1784
  • Total Sq Ft: 1784
  • Year Built: 1930
  • Remarks Public Addendum: Complete copies of bylaws and ordinances for Giants Neck Beach Association are available on their website at www.giantsneckbeach.org.
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3001
  • Directions: FROM I-95 TAKE EXIT 72 TOWARD ROCKY NECK, LEFT ONTO WEST MAIN ST, RIGHT ONTO GIANTS NECK ROAD, PASS GIANTS NECK BEACH, LEFT ONTO HILLTOP, LEFT ONTO ARCADIAN RD, LAST HOUSE ON RIGHT, GNB RIGHT OF WAY LEADS TO DRIVEWAY
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 12
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Pull-Down Stairs
  • Basement Description: Partial With Hatchway, Crawl Space, Unfinished, Hatchway Access, Sump Pump
  • Interior Amenities: Security System
  • Appliances: Electric Cooktop, Wall Oven, Microwave, Refrigerator, Disposal, Washer, Dryer
  • Additional Rooms: Breezeway, Laundry Room
  • Laundry Room Location: Laundry is Located in Half Bath
  • Laundry Room Info: Main Level
  • Attic: Yes

Exterior Features

  • Exterior Features: Balcony, Breezeway, Gutters, Patio
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Block, Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Association Required, Beach Rights, View, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Attached Garage, Driveway
  • Garages Number: 2
  • Driveway Type: Crushed Stone

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Electric, Oil
  • Fuel Tank Location: In Garage
  • Hot Water Description: 30 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Club House, Tennis, Lake/Beach Access
  • HOA Fees: 519
  • HOA Fee Frequency: Annually
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Mgt Company Name: Association Members

Green Features

  • Energy Features: Storm Doors, Storm Windows

Lot Info

  • Acres: 0.2600
  • Lot Description: Water View, Corner Lot, Level Lot
  • Flood Zone: No
  • Zoning: R12

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 8770
  • Mil Rate Base: 23.840
  • Assessor Parcel Number: 1471658

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
Feb 2, 2023
Closed on
May 17, 2023
Sold by
Loftus Daniel J
Bought by
Davis Andrew and Davis Carol
Seller's Agent
Donna Naples
Naples Realty
Buyer's Agent
Mary Jean Agostini
RE/MAX Right Choice
List Price
$825,000
Sold Price
$800,000
Premium/Discount to List
-$25,000
-3.03%
Views
106
Current Estimated Value
$980,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,928
Avg. Annual Appreciation
8.32%

Purchase Details

Closed on
Mar 2, 2007
Sold by
Barbara Dibattisto T and Dibattisto Steven
Bought by
Loftus Daniel and Loftus Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Davis Andrew $800,000 None Available
Loftus Daniel $262,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Loftus Daniel $100,000
Previous Owner Loftus Daniel $25,000
Previous Owner Loftus Daniel $262,500
Previous Owner Loftus Daniel $47,444
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2023 05/22/23 Sold $800,000 -3.0% $448 / Sq Ft
02/20/2023 02/20/23 Pending -- -- --
02/02/2023 02/02/23 For Sale $825,000 -- $462 / 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 $10,303 $367,850 $222,530 $145,320
2024 $9,693 $367,850 $222,530 $145,320
2023 $9,152 $367,850 $222,530 $145,320
2022 $8,770 $367,850 $222,530 $145,320
2021 $9,226 $323,610 $216,510 $107,100
2020 $9,245 $325,990 $216,510 $109,480
2019 $9,190 $325,990 $216,510 $109,480
2018 $8,916 $325,990 $216,510 $109,480
2017 $8,528 $325,990 $216,510 $109,480
2016 $8,313 $327,810 $216,510 $111,300
2015 $8,100 $327,810 $216,510 $111,300
2014 $7,877 $327,810 $216,510 $111,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170546236

SmartMLS

APN: ELYM-004010-000026