NOT LISTED FOR SALE

81 Welch Terrace Fairfield, CT 06824

Fairfield Center Neighborhood

Estimated Value: $707,000 - $794,000

4 Beds
2 Baths
1,945 Sq Ft
$386/Sq Ft Est. Value

Last Sold September 26, 2023

Last sale price $620,000 $319 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,160/month

7 Days on Market

Highlights

  • Beach Access
  • Wetlands on Lot
  • No HOA
  • Riverfield Elementary School Rated A
  • Attic
  • Balcony

About This Home

As of September 2023

OPPORTUNITY AWAITS - This home is a rare find in Fairfield Center of a two family home located on a quiet cul-de-sac. The main level has a living room, eat-in kitchen, two bedrooms and a hall bath. The second level offers the same. There is a full basement and detached two car garage. The home is being sold "as-is" and is an estate. The property is in an AE flood zone with wetlands on the property. The Executrix is unaware if any of the kitchen appliances are functional. With some work, this could be an excellent investment property or build your dream home. Buyers are encouraged to do their due diligence as to renovations, potential expansion and/or new construction. Do not go on the rear decks or stairs. Not subject to Probate Court Approval

Last Agent to Sell the Property

James Millington

William Raveis Real Estate License #RES.0754971 Listed on: 08/09/2023

William Raveis Real Estate

Last Buyer's Agent

James Millington

William Raveis Real Estate License #RES.0754971 Listed on: 08/09/2023

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,708

Year Built

  • Built in 1958

Lot Details

  • 0.35 Acre Lot
  • Cul-De-Sac

Home Design

  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,945 Sq Ft Home
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • 2 Car Detached Garage
  • Private Driveway

Outdoor Features

  • Beach Access
  • Wetlands on Lot
  • Balcony

Location

  • Flood Zone Lot
  • Property is near shops
  • Property is near a golf course

Schools

  • Riverfield Elementary School
  • Roger Ludlowe Middle School
  • Fairfield Ludlowe High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,708

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Neighborhood: Center
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 1945
  • Public Record Living Room Sq Ft: 1945
  • Total Sq Ft: 1945
  • Year Built: 1958
  • Nearby Amenities: Golf Course, Health Club, Library, Medical Facilities, Shopping/Mall, Tennis Courts
  • 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: 3568
  • Directions: Post Road to Ruane Street to Welch
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Attic Description: Access Via Hatch
  • Basement Description: Full, Unfinished, Storage
  • Attic: Yes
  • Street Number Modifier: 81-83

Exterior Features

  • Exterior Features: Balcony
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach Rights
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Riverfield
  • Middle School: Roger Ludlowe
  • High School: Fairfield Ludlowe

Lot Info

  • Acres: 0.3500
  • Lot Description: On Cul-De-Sac, Some Wetlands
  • Elevation Certificate: No
  • Flood Zone: Yes
  • Zoning: B

Multi Family

  • Unit Count: 2
  • Total Multi Family: 8
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 11708
  • Total Assessed Value: 425600
  • Mil Rate Base: 27.510
  • Mil Rate Total: 27.510
  • Assessor Parcel Number: 134509

MLS Schools

  • Elementary School: Riverfield
  • Middle Jr High School: Roger Ludlowe
  • High School: Fairfield Ludlowe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2025
Sold by
Ciambriello Gaetano
Bought by
81-83 Welch Ter Llc
Current Estimated Value
$750,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$892,500
Outstanding Balance
$888,659
Interest Rate
6.81%
Mortgage Type
Commercial
Estimated Equity
-$138,159

Purchase Details

Listed on
Aug 9, 2023
Closed on
Sep 26, 2023
Sold by
Dagostino Dominic and Alix Christine M
Bought by
81-83 Welch Ter Llc
Seller's Agent
James Millington
William Raveis Real Estate
Buyer's Agent
James Millington
William Raveis Real Estate
List Price
$599,900
Sold Price
$620,000
Premium/Discount to List
$20,100
3.35%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.00%
Original Mortgage
$550,000
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
81-83 Welch Ter Llc -- None Available
81-83 Welch Ter Llc -- None Available
Ciambriello Gaetano -- None Available
Ciambriello Gaetano -- None Available
81-83 Welch Ter Llc $620,000 None Available
81-83 Welch Ter Llc $620,000 None Available
81-83 Welch Ter Llc $620,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ciambriello Gaetano $892,500
Closed Ciambriello Gaetano $892,500
Previous Owner 81-83 Welch Ter Llc $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2023 09/26/23 Sold $620,000 +3.4% $319 / Sq Ft
08/16/2023 08/16/23 Pending -- -- --
08/09/2023 08/09/23 For Sale $599,900 -- $308 / 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 $12,083 $425,600 $295,330 $130,270
2024 $11,874 $425,600 $295,330 $130,270
2023 $11,708 $425,600 $295,330 $130,270
2022 $11,593 $425,600 $295,330 $130,270
2021 $11,483 $425,600 $295,330 $130,270
2020 $9,493 $354,340 $261,310 $93,030
2019 $9,493 $354,340 $261,310 $93,030
2018 $9,340 $354,340 $261,310 $93,030
2017 $9,149 $354,340 $261,310 $93,030
2016 $9,018 $354,340 $261,310 $93,030
2015 $9,562 $385,700 $290,360 $95,340
2014 $9,411 $385,700 $290,360 $95,340
Source: Public Records

Agents Affiliated with this Home

  • James Millington

    Seller's Agent in 2023

    James Millington

    William Raveis Real Estate

    (203) 258-1049

    15 in this area

    80 Total Sales

    James Millington
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Map

Source: SmartMLS

MLS Number: 170590214

SmartMLS

APN: FAIR-000232-000000-000142

Connecticut Fairfield County Fairfield 06824 Fairfield Center

81 Welch Terrace, Fairfield, CT

This home is located at 81 Welch Terrace, Fairfield, CT 06824 since 09 August 2023 and is currently estimated at $750,500, approximately $385 per square foot. This property was built in 1958. 81 Welch Terrace is a home located in Fairfield County with nearby schools including Riverfield Elementary School, Roger Ludlowe Middle School, and Fairfield Ludlowe High School.

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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