NOT LISTED FOR SALE

88 Reed Rd Warren, CT 06754

Estimated Value: $558,000 - $819,000

3 Beds
2.5 Baths
2,544 Sq Ft
$260/Sq Ft Est. Value

Last Sold May 06, 2016

Last sale price $270,000 $106 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $3,774/month

152 Days on Market

Highlights

  • Open Floorplan
  • Deck
  • Attic
  • Colonial Architecture
  • Partially Wooded Lot
  • 1 Fireplace

About This Home

As of May 2016

Bank Owned 2,500 sq feet Colonial built in 2004 with hardwood floors on 1st floor, large walkout basement, 3 car attached garage and nice level yard. The Sale of the Property is contingent upon Seller being able to provide clear title and receiving from the proposed buyer (“Buyer”) all required pre-approvals and private mortgage insurance approval. The Property is to be sold in its present “as-is” condition, with no warranties and representations by Seller, unless otherwise agreed to in writing. All deposit receipts & purchase offers shall include a completed Sellers’ Purchase addendum, As-Is addendum, and Pre-approval Letter or Proof of Funds (on a cash purchase). A Caliber Home Loans Qualification Letter is required prior to negotiation of any non-cash offer. Please take notice that we will require all potential buyers, with financed offers,
to obtain a Caliber Qualification before we can negotiate their offers.

Last Agent to Sell the Property

Robert Drakeley

Drakeley REO's Listed on: 10/26/2015

Last Buyer's Agent

Robert Drakeley

Drakeley REO's Listed on: 10/26/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,664

Year Built

  • Built in 2004

Lot Details

  • 1.91 Acre Lot
  • Level Lot
  • Partially Wooded Lot
  • Many Trees

Home Design

  • Colonial Architecture
  • Aluminum Siding

Interior Spaces

  • 2,544 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • 1 Fireplace
  • Thermal Windows
  • Awning
  • Attic or Crawl Hatchway Insulated
  • Home Security System

Bedrooms and Bathrooms

  • 3 Bedrooms

Unfinished Basement

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

Parking

  • 3 Car Attached Garage
  • Parking Deck
  • Automatic Garage Door Opener
  • Driveway

Outdoor Features

  • Deck

Schools

  • Pboe Elementary School
  • Wamago Regional High Middle School
  • Wamago Regional High School

Utilities

  • Central Air
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Power Generator
  • Private Company Owned Well
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,664

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Colonial
  • Total Sq Ft: 2544
  • Year Built: 2004
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Directions: Route 341 to Reed Rd.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 9
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Access Via Hatch
  • Basement Description: Full, Full With Walk-Out, Unfinished, Walk-out
  • Interior Amenities: Cable - Available, Auto Garage Door Opener, Open Floor Plan, Security System
  • Laundry Room Location: Upper Level
  • Attic: Yes

Exterior Features

  • Exterior Features: Awnings, Deck
  • Exterior Siding: Aluminum
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 3
  • Driveway Type: Crushed Stone

Utilities

  • Cooling System: Ceiling Fans, Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Oil, Propane
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic
  • Water Source: Private Well
  • Sewer: Septic
  • Electrical Amperage: 200

Condo/Co-op/Association

  • HOA: No

Schools

  • Intermediate School: Wamago Regional High School

Green Features

  • Energy Features: Generator, Thermopane Windows

Lot Info

  • Acres: 1.9100
  • Lot Description: Level Lot, Lightly Wooded, Treed

Rental Info

  • Lease Purchase: No

Tax Info

  • Tax Year: July 2015-June 2016
  • Property Tax: 3664
  • Assessor Parcel Number: 1751615

MLS Schools

  • Elementary School: PBOE
  • Middle Jr High School: Wamago Regional High School
  • High School: Wamago Regional High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2015
Closed on
May 10, 2016
Sold by
Us Bank Na
Bought by
Lafond Michael K and Lafond Erin
Seller's Agent
Robert Drakeley
Drakeley REO's
Buyer's Agent
Robert Drakeley
Drakeley REO's
List Price
$349,900
Sold Price
$270,000
Premium/Discount to List
-$79,900
-22.84%
Current Estimated Value
$660,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$390,881
Avg. Annual Appreciation
9.69%
Original Mortgage
$229,500
Outstanding Balance
$182,995
Interest Rate
3.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$477,886

Purchase Details

Closed on
Dec 6, 2012
Sold by
Young Ronald and Young Tabatha
Bought by
88 Reed Road Land T and Valentine Susan

Purchase Details

Closed on
Apr 1, 2005
Sold by
Southgate Dev Llc
Bought by
Young Ronald and Young Tabatha
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
Lafond Michael K $270,000 --
Lafond Michael K $270,000 --
88 Reed Road Land T -- --
88 Reed Road Land T -- --
Young Ronald $395,000 --
Young Ronald $395,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Ronald $229,500
Closed Young Ronald $229,500
Previous Owner Young Ronald $496,840
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2016 05/06/16 Sold $270,000 -22.8% $106 / Sq Ft
03/26/2016 03/26/16 Pending -- -- --
10/26/2015 10/26/15 For Sale $349,900 -- $138 / 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 $3,866 $303,240 $68,600 $234,640
2024 $3,866 $303,240 $68,600 $234,640
2023 $3,988 $303,240 $68,600 $234,640
2022 $3,430 $242,430 $68,610 $173,820
2021 $3,430 $242,430 $68,610 $173,820
2020 $1,299 $242,430 $68,610 $173,820
2019 $1,299 $242,430 $68,610 $173,820
2018 $3,455 $242,430 $68,610 $173,820
2017 $3,742 $258,090 $76,580 $181,510
2016 $3,704 $258,090 $76,580 $181,510
2015 $3,665 $258,090 $76,580 $181,510
2014 $3,665 $258,090 $76,580 $181,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: W10078723

SmartMLS

APN: WARR-000022-000000-000032