NOT LISTED FOR SALE

7 Penncove Rd Niantic, CT 06357

Niantic Neighborhood

Estimated Value: $458,000 - $575,000

3 Beds
1.5 Baths
1,673 Sq Ft
$312/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $280,000 $167 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $3,336/month

68 Days on Market

Highlights

  • Beach Front
  • Public Water Access
  • Attic
  • East Lyme Middle School Rated A-
  • Ranch Style House
  • 1 Fireplace

About This Home

As of September 2020

Enjoy one floor living in this 3 bedroom home located on a cul-de-sac close to downtown Niantic. Features an eat-in kithen, dining room, spacious living room with a fireplace, hardwood floors, den/office are, full basement, newer boiler, new oil tank and new septic tank, attached 2 car garage and private yard. Close to restaurants, beaches, boardwalk and shopping.

Last Agent to Sell the Property

Samantha Storey

RE/MAX Coast and Country License #RES.0768037 Listed on: 06/11/2020

RE/MAX Coast and Country

Last Buyer's Agent

Diane Devries

William Pitt Sotheby's Int'l License #RES.0808208

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,816

Year Built

  • Built in 1960

Lot Details

  • 0.4 Acre Lot
  • Beach Front
  • Cul-De-Sac
  • Level Lot
  • Open Lot
  • Cleared Lot
  • Garden
  • Property is zoned R10

Home Design

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

Interior Spaces

  • 1,673 Sq Ft Home
  • 1 Fireplace
  • Basement Fills Entire Space Under The House
  • Attic or Crawl Hatchway Insulated

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Private Driveway

Outdoor Features

  • Public Water Access

Schools

  • East Lyme High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,816

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Neighborhood: Niantic
  • Property Type: Single Family For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 1673
  • Public Record Living Room Sq Ft: 1673
  • Total Sq Ft: 1673
  • Year Built: 1960
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3917
  • Tax Year Updated Dt: 07/20/2020
  • Directions: GPS friendly. Pennsylvania Avenue to Penncove.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Access Via Hatch
  • Basement Description: Full
  • Interior Amenities: Auto Garage Door Opener, Cable - Available
  • Appliances: Electric Range, Refrigerator, Dishwasher, Washer, Dryer
  • Attic: Yes

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 2
  • Driveway Type: Private, Paved

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Oil
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Lot Info

  • Acres: 0.4000
  • Lot Description: On Cul-De-Sac, Open Lot, Dry, Cleared, Level Lot
  • Zoning: R10

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 4816
  • Mil Rate Base: 28.360
  • Assessor Parcel Number: 1468478

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2020
Closed on
Sep 30, 2020
Sold by
Sebastianelli Clifford and Sebastianelli Christine
Bought by
Osborn Nicole and Osborn Gregory
Seller's Agent
Samantha Storey
RE/MAX Coast and Country
Buyer's Agent
Diane Devries
William Pitt Sotheby's Int'l
List Price
$269,900
Sold Price
$280,000
Premium/Discount to List
$10,100
3.74%
Current Estimated Value
$522,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,050
Avg. Annual Appreciation
12.75%
Original Mortgage
$290,080
Outstanding Balance
$258,011
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$264,039

Purchase Details

Closed on
Mar 11, 2015
Sold by
Nygren Marjorie L Est
Bought by
Sebastianelli Clifford and Sebastianelli Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,200
Interest Rate
3.67%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Osborn Nicole $280,000 None Available
Osborn Nicole $280,000 None Available
Sebastianelli Clifford $220,000 --
Sebastianelli Clifford $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Osborn Nicole $290,080
Closed Osborn Nicole $290,080
Previous Owner Sebastianelli Clifford $173,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2020 09/30/20 Sold $280,000 +3.7% $167 / Sq Ft
08/18/2020 08/18/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $269,900 -3.6% $161 / Sq Ft
07/06/2020 07/06/20 Off Market $280,000 -- --
06/11/2020 06/11/20 For Sale $269,900 -- $161 / 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 $7,074 $252,560 $107,940 $144,620
2024 $6,655 $252,560 $107,940 $144,620
2023 $6,050 $243,180 $107,940 $135,240
2022 $5,797 $243,180 $107,940 $135,240
2021 $4,842 $169,820 $84,000 $85,820
2020 $4,816 $169,820 $84,000 $85,820
2019 $4,787 $169,820 $84,000 $85,820
2018 $4,645 $169,820 $84,000 $85,820
2017 $4,442 $169,820 $84,000 $85,820
2016 $4,248 $167,510 $84,000 $83,510
2015 $4,139 $167,510 $84,000 $83,510
2014 $4,025 $167,510 $84,000 $83,510
Source: Public Records

Agents Affiliated with this Home

  • Samantha Storey

    Seller's Agent in 2020

    Samantha Storey

    RE/MAX

    (860) 961-9795

    88 Total Sales

    Samantha Storey
    Section Image
  • Diane Devries

    Buyer's Agent in 2020

    Diane Devries

    William Pitt

    (860) 204-7645

    24 Total Sales

    Diane Devries
    Section Image
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Map

Source: SmartMLS

MLS Number: 170304736

SmartMLS

APN: ELYM-001701-000036

Connecticut New London County Niantic 06357 Niantic

7 Penncove Rd, Niantic, CT

Not Listed for Sale

Detached

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