NOT LISTED FOR SALE

8 Smith St Unit 10 Niantic, CT 06357

Niantic Neighborhood

Estimated Value: $615,579 - $1,059,000

6 Beds
3 Baths
2,704 Sq Ft
$296/Sq Ft Est. Value

Last Sold March 31, 2021

Last sale price $352,000 $130 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $4,783/month

3 Days on Market

Highlights

  • Deck
  • No HOA
  • Porch
  • East Lyme Middle School Rated A-
  • Thermal Windows
  • Property is near shops

About This Home

As of March 2021

Downtown two family home with incredible level yard!! One side is ready for immediate occupancy, the other has a month to month tenant that has been there for approx 11 years. the vacant unit features a main floor bath and laundry hookups. The basement is accessible only from the rented side. Each unit enjoys 3 (2nd floor) bdrms. and a common rear enclosed porch.Plenty of off street parking.

Last Agent to Sell the Property

Ann Carpenter

RE/MAX on the Bay License #REB.0755917 Listed on: 02/05/2021

RE/MAX on the Bay

Co-Listed By

Mary Poola

William Raveis Real Estate License #REB.0755915

Last Buyer's Agent

Luke Yacovou

LIFESTYLE REALTY, LLC License #RES.0811223

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,203

Year Built

  • Built in 1830

Lot Details

  • 0.38 Acre Lot
  • Level Lot

Home Design

  • Side-by-Side
  • Block Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2,704 Sq Ft Home
  • Thermal Windows
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Partial Basement
  • Shared Basement

Parking

  • Parking Deck
  • Private Driveway

Outdoor Features

  • Deck
  • Porch

Location

  • Property is near shops

Utilities

  • Heating System Uses Steam
  • Heating System Uses Oil
  • Radiant Heating System
  • Electric Water Heater
  • Fuel Tank Located in Basement

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,203

Year Built

Built in 1830

Lot Details

0

Listing Details

  • Neighborhood: Niantic
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 2704
  • Public Record Living Room Sq Ft: 2704
  • Total Sq Ft: 2704
  • Year Built: 1830
  • Nearby Amenities: Health Club, Lake, Library, Medical Facilities, Park, Playground/Tot Lot, Shopping/Mall
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 4260
  • Directions: I-95 to Exit 74, to Route 161/Flanders Road. Follow for approx. 2.6 miles, turn left onto Smith Street, opposite East Lyme Town Hall.
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Access Via Hatch
  • Basement Description: Partial, Shared Basement, Unfinished
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: No

Exterior Features

  • Exterior Features: Deck, Porch, Sidewalk
  • Exterior Siding: Wood
  • Foundation Type: Block, Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Driveway
  • Driveway Type: Private

Utilities

  • Heat Type: Radiant, Steam
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.3800
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: R10

Multi Family

  • Unit Count: 2
  • Total Multi Family: 10
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 5203
  • Mil Rate Base: 28.360
  • Assessor Parcel Number: 1468601

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2005
Sold by
Reynolds John and Reynolds Frankie May
Bought by
Buscetto Diana
Current Estimated Value
$800,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,250
Outstanding Balance
$156,152
Interest Rate
8.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$644,743
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
Buscetto Diana $255,000 --
Buscetto Diana $255,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buscetto Diana $242,250
Closed Buscetto Diana $242,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2021 03/31/21 Sold $352,000 +3.6% $130 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
02/05/2021 02/05/21 For Sale $339,900 -- $126 / 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 $7,045 $251,510 $107,800 $143,710
2024 $6,627 $251,510 $107,800 $143,710
2023 $5,852 $235,200 $107,800 $127,400
2022 $5,607 $235,200 $107,800 $127,400
2021 $5,231 $183,470 $83,860 $99,610
2020 $5,203 $183,470 $83,860 $99,610
2019 $10,569 $183,470 $83,860 $99,610
2018 $5,018 $183,470 $83,860 $99,610
2017 $4,800 $183,470 $83,860 $99,610
2016 $4,724 $186,270 $83,860 $102,410
2015 $4,603 $186,270 $83,860 $102,410
2014 $4,476 $186,270 $83,860 $102,410
Source: Public Records

Agents Affiliated with this Home

  • Ann Carpenter

    Seller's Agent in 2021

    Ann Carpenter

    RE/MAX

    (860) 823-9567

    17 in this area

    229 Total Sales

    Ann Carpenter
    Section Image
  • Mary Poola

    Seller Co-Listing Agent in 2021

    Mary Poola

    William Raveis Real Estate

    (860) 625-1913

    16 in this area

    338 Total Sales

    Mary Poola
    Section Image

  • L

    Buyer's Agent in 2021

    Luke Yacovou

    LIFESTYLE REALTY, LLC

    Section Image
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Map

Source: SmartMLS

MLS Number: 170370595

SmartMLS

APN: ELYM-001703-000101

Connecticut New London County Niantic 06357 Niantic

8 Smith St Unit 10, Niantic, CT

Not Listed for Sale

MultiFamily

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