NOT LISTED FOR SALE

85 Fairhaven Rd Niantic, CT 06357

Estimated Value: $470,000 - $562,000

4 Beds
4 Baths
3,200 Sq Ft
$159/Sq Ft Est. Value

Last Sold November 19, 2024

Last sale price $450,000 $141 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,071/month

40 Days on Market

Highlights

  • Baseboard Heating
  • Property is near golf course
  • Level Lot
  • East Lyme Middle School Rated A-

About This Home

As of November 2024

This is a rare opportunity to own a two-family home, in the sought-after town of East Lyme. This duplex is in the Black Point community, within walking distance of Niantic Bay, Pattagansette River, Niantic Boardwalk, downtown Niantic shops, restaurants, and much more. Each unit has 2 beds, 1 and a half baths, and are mirror images of each other. Each unit has laundry on the main level and ample storage space. unit A has been freshly painted and a new water heater has been installed. This is a fantastic investment, Live in 1 unit and collect rental income, build your portfolio, or keep a loved one close, there are endless possibilities-professional photos to come.

Last Agent to Sell the Property

Nancy Potts

Coldwell Banker Realty License #RES.0816593 Listed on: 10/06/2024

Coldwell Banker Realty

Last Buyer's Agent

Banglian Gao

United Realty Plus License #REB.0790952

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,179

Year Built

  • Built in 1985

Lot Details

  • 0.42 Acre Lot
  • Level Lot

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Shingle Siding

Interior Spaces

  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms

Location

  • Property is near golf course

Utilities

  • Baseboard Heating
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 1467147

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,179

Year Built

Built in 1985

Lot Details

0.42 Acres

Listing Details

  • Neighborhood: Black Point
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 2160
  • Sq Ft Est Heated Below Grade: 1040
  • Total Sq Ft: 3200
  • Year Built: 1985
  • New Construction: No/Resale
  • Nearby Amenities: Golf Course, Health Club, Lake, Library, Public Rec Facilities
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Directions: Gps Friendly
  • Financing Used: Conventional Fixed
  • Street Type: Road
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement Description: Crawl Space
  • Attic: No

Exterior Features

  • Exterior Siding: Shingle
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Walk to Water Beach Rights
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: None
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric, 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Septic

Lot Info

  • Acres: 0.42
  • Lot Description: Level Lot
  • Zoning: R12
  • Parcel #: 1467147

Multi Family

  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 5179

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
Oct 6, 2024
Closed on
Nov 18, 2024
Sold by
Au Ricky and Au Supawan
Bought by
85 Fairhaven Llc
Seller's Agent
Nancy Potts
Coldwell Banker Realty
Buyer's Agent
Banglian Gao
United Realty Plus
List Price
$450,000
Sold Price
$450,000
Views
156
Current Estimated Value
$508,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,575
Avg. Annual Appreciation
10.03%
Original Mortgage
$360,000
Outstanding Balance
$356,416
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$152,159

Purchase Details

Listed on
Jul 5, 2016
Closed on
Jan 17, 2017
Sold by
Sculli Donna
Bought by
Au Ricky and Au Supawan
Seller's Agent
Marilyn Jacobs
Coldwell Banker Realty
Buyer's Agent
Saundra Dubose
Coldwell Banker Realty
List Price
$249,900
Sold Price
$239,900
Premium/Discount to List
-$10,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.34%
Original Mortgage
$176,250
Interest Rate
4.08%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
85 Fairhaven Llc $450,000 None Available
85 Fairhaven Llc $450,000 None Available
Au Ricky $239,900 --
Au Ricky $239,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 85 Fairhaven Llc $360,000
Closed 85 Fairhaven Llc $360,000
Previous Owner Au Ricky $176,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/19/2024 11/19/24 Sold $450,000 0.0% $141 / Sq Ft
10/09/2024 10/09/24 For Sale $450,000 0.0% $141 / Sq Ft
04/22/2017 04/22/17 Rented $1,250 0.0% --
04/02/2017 04/02/17 For Rent $1,250 0.0% --
01/13/2017 01/13/17 Sold $239,900 -4.0% $111 / Sq Ft View Prior Sale
01/13/2017 01/13/17 For Sale $249,900 +4.2% $116 / Sq Ft
12/31/2016 12/31/16 Off Market $239,900 -- --
10/14/2016 10/14/16 Pending -- -- --
09/26/2016 09/26/16 Price Changed $249,900 -7.4% $116 / Sq Ft
08/15/2016 08/15/16 Price Changed $269,900 -6.9% $125 / Sq Ft
07/05/2016 07/05/16 For Sale $289,900 -- $134 / Sq Ft
Source: SmartMLS

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 $5,506 $196,560 $85,470 $111,090
2024 $5,179 $196,560 $85,470 $111,090
2023 $4,890 $196,560 $85,470 $111,090
2022 $4,686 $196,560 $85,470 $111,090
2021 $4,989 $175,000 $85,470 $89,530
2020 $4,963 $175,000 $85,470 $89,530
2019 $4,933 $175,000 $85,470 $89,530
2018 $4,786 $175,000 $85,470 $89,530
2017 $4,578 $175,000 $85,470 $89,530
2016 $4,635 $182,770 $85,470 $97,300
2015 $4,516 $182,770 $85,470 $97,300
2014 $4,392 $182,770 $85,470 $97,300
Source: Public Records

Agents Affiliated with this Home

  • Nancy Potts

    Seller's Agent in 2024

    Nancy Potts

    Coldwell Banker Realty

    (860) 961-1537

    3 in this area

    56 Total Sales

    Nancy Potts
    Section Image
  • Banglian Gao

    Buyer's Agent in 2024

    Banglian Gao

    United Realty Plus

    (860) 518-2068

    30 in this area

    153 Total Sales

    Banglian Gao
    Section Image

  • S

    Seller's Agent in 2017

    Saundra Dubose

    Coldwell Banker Realty

    Section Image
  • Marilyn Jacobs

    Seller's Agent in 2017

    Marilyn Jacobs

    Coldwell Banker Realty

    (860) 304-6264

    4 in this area

    15 Total Sales

    Marilyn Jacobs
    Section Image

  • S

    Seller Co-Listing Agent in 2017

    Stephen Colonis

    William Raveis Real Estate

    Section Image
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Map

Source: SmartMLS

MLS Number: 24051798

SmartMLS

APN: ELYM-001103-000021

Connecticut New London County Niantic 06357

85 Fairhaven Rd, Niantic, CT

Not Listed for Sale

MultiFamily

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