NOT LISTED FOR SALE

7 Lantern Ln Niantic, CT 06357

Estimated Value: $430,000 - $490,000

3 Beds
2 Baths
1,773 Sq Ft
$257/Sq Ft Est. Value

Last Sold September 01, 2020

Last sale price $300,000 $169 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,967/month

14 Days on Market

Highlights

  • Beach Front
  • Open Floorplan
  • Property is near public transit
  • East Lyme Middle School Rated A-
  • Deck
  • Ranch Style House

About This Home

As of September 2020

Beautifully decorated 3 bedroom, 2 full bath Ranch, with an open floor plan and nice Culinary Kitchen and Table Bar to fulfill all your entertaining needs. Downstairs there is a large family room, with a wood stove, utility room, bar area, bedroom, and large full bath. The downstairs could possibly be utilized for a potential in-law or private living space with a separate outside entrance and parking area. Some amenities include hardwood floors, crown molding, and a very spacious outside deck for summer time barbecues and family get together s. There is a very private fenced in backyard having sun and shade and a large outside building at the end of the property. The yard is flat and is decorated with many beautiful trees, plantings and garden area. The home is local to beautiful downtown Niantic, filled with may shops, restaurants, and beach activities. A perfect home for a retirement or a new home buy scenario with single floor living! Don't miss out on this home!

Last Agent to Sell the Property

Michael Deyorio

CR Premier Properties License #RES.0811459 Listed on: 05/14/2020

Last Buyer's Agent

Michael Saccoccio

Coldwell Banker Realty License #REB.0792999

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,522

Year Built

  • Built in 1962

Lot Details

  • 0.48 Acre Lot
  • Beach Front
  • Level Lot
  • Open Lot
  • Partially Wooded Lot

Home Design

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

Interior Spaces

  • Open Floorplan
  • Ceiling Fan
  • Attic or Crawl Hatchway Insulated
  • Laundry on lower level

Kitchen

  • Oven or Range
  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Parking Deck
  • Off-Street Parking

Outdoor Features

  • Deck
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Heating System Uses Wood
  • Tankless Water Heater
  • Hot Water Circulator
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Public Transportation

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,522

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Neighborhood: Niantic
  • Property Type: Single Family For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 1050
  • Public Record Living Room Sq Ft: 1050
  • Sq Ft Est Heated Below Grade: 723
  • Total Sq Ft: 1773
  • Year Built: 1962
  • Nearby Amenities: Health Club, Medical Facilities, Park, Playground/Tot Lot, Public Rec Facilities, Public Transportation, Shopping/Mall, Tennis Courts
  • In Law Access: Lower Level
  • In Law Apartment: Possible
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 2336
  • Tax Year Updated Dt: 07/20/2020
  • Directions: GPS works fine
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Attic Description: Access Via Hatch
  • Basement Description: Full With Walk-Out
  • Interior Amenities: Cable - Pre-wired, Open Floor Plan
  • Appliances: Electric Range, Oven/Range, Microwave, Refrigerator
  • Laundry Room Info: Lower Level
  • Attic: Yes
  • Street Number Modifier: 7

Exterior Features

  • Exterior Features: Deck, Gutters
  • Exterior Siding: Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Baseboard, Hot Water
  • Heat Fuel Type: Oil, Wood
  • Fuel Tank Location: In Basement
  • Hot Water Description: Tankless Hotwater
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

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

Lot Info

  • Acres: 0.4800
  • Lot Description: Rear Lot, Open Lot, Level Lot, Lightly Wooded, Fence - Full
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: Residential

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 4522
  • Total Assessed Value: 159460
  • Mil Rate Base: 28.360
  • Mil Rate Total: 28.360
  • Assessor Parcel Number: 1467981

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
May 14, 2020
Closed on
Aug 31, 2020
Sold by
Edwards Hunter and Edwards Michelle
Bought by
Otto Samantha and Otto Ryan
Seller's Agent
Michael Deyorio
CR Premier Properties
Buyer's Agent
Michael Saccoccio
Coldwell Banker Realty
List Price
$295,000
Sold Price
$300,000
Premium/Discount to List
$5,000
1.69%
Current Estimated Value
$456,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,418
Avg. Annual Appreciation
8.75%
Original Mortgage
$306,900
Outstanding Balance
$272,971
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$183,447

Purchase Details

Listed on
Jun 8, 2018
Closed on
Jul 31, 2018
Sold by
Mgregor Derek
Bought by
Deyorio Michelle
Seller's Agent
Amanda Gaudette
William Pitt Sotheby's Int'l
Buyer's Agent
Wendy Flis
William Raveis Real Estate
List Price
$254,900
Sold Price
$260,000
Premium/Discount to List
$5,100
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.09%
Original Mortgage
$260,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 17, 2014
Closed on
Aug 18, 2014
Sold by
Roads Jonathan M
Bought by
Mcgregor Derek A
Seller's Agent
Linda Johnson-Hille
RE/MAX on the Bay
Buyer's Agent
Geoffrey Hausmann
RE/MAX on the Bay
List Price
$234,900
Sold Price
$239,000
Premium/Discount to List
$4,100
1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.14%
Original Mortgage
$191,200
Interest Rate
4.09%
Mortgage Type
New Conventional
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
Otto Samantha $300,000 None Available
Deyorio Michelle $260,000 --
Mcgregor Derek A $239,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Otto Samantha $306,900
Previous Owner Mcgregor Derek A $260,000
Previous Owner Mcgregor Derek A $191,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2020 09/01/20 Sold $300,000 +1.7% $169 / Sq Ft
05/28/2020 05/28/20 Pending -- -- --
05/14/2020 05/14/20 For Sale $295,000 +13.5% $166 / Sq Ft
07/31/2018 07/31/18 Sold $260,000 +2.0% $147 / Sq Ft
06/09/2018 06/09/18 Pending -- -- --
06/08/2018 06/08/18 For Sale $254,900 +6.7% $144 / Sq Ft
08/12/2014 08/12/14 Sold $239,000 +1.7% $114 / Sq Ft
06/25/2014 06/25/14 Pending -- -- --
06/17/2014 06/17/14 For Sale $234,900 -- $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 $5,825 $207,970 $86,730 $121,240
2024 $5,480 $207,970 $86,730 $121,240
2023 $5,174 $207,970 $86,730 $121,240
2022 $4,958 $207,970 $86,730 $121,240
2021 $4,546 $159,460 $82,390 $77,070
2020 $4,522 $159,460 $82,390 $77,070
2019 $4,495 $159,460 $82,390 $77,070
2017 $3,778 $144,410 $82,390 $62,020
2015 $3,425 $138,600 $78,050 $60,550
2014 $3,201 $133,210 $78,050 $55,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170295347

SmartMLS

APN: 15.4 125