NOT LISTED FOR SALE

97 E Wharf Rd Madison, CT 06443

Estimated Value: $1,121,000 - $1,191,000

3 Beds
2.5 Baths
1,293 Sq Ft
$899/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $940,000 $727 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $7,387/month

26 Days on Market

Highlights

  • Beach Front
  • Colonial Architecture
  • No HOA
  • Walter C. Polson Upper Middle School Rated A
  • 1 Fireplace
  • Walking Distance to Water

About This Home

As of October 2022

Come see this picture perfect jewel box which was rebuilt to the studs in 2001 with a ship vibe, beautiful tongue and groove ceilings as well as hardwood floors throughout. This gem is a 300 yard walk to the beach and East Wharf where you can cast a line and catch your dinner or a 3/4 mile walk to 'downtown' Madison for fine dining, Bar Bouchee (only 1/2 mile), coffee shops, gift stores, Movie Theatre, clothing stores, Wine Shops, the famed R.J. Julia's bookstore and their own Movie Theatre, it doesn't get better than this. 3 beds 2.5 baths. The Backyard patio is where you'll have all your meals in the nice weather. You will also find the outdoor shower here. Two car detached garage used as outdoor living space. The current owner installed a gas heater in the garage so he would have a place to work on his golf swing during the colder months as well as having extra space to entertain. This is shore line living at it's best.

Last Agent to Sell the Property

Mary Beth Cosgrove

William Raveis Real Estate License #RES.0794738 Listed on: 08/17/2022

William Raveis Real Estate

Last Buyer's Agent

Toni Fermo

Coldwell Banker Realty License #RES.0758805

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,037

Year Built

  • Built in 2001

Lot Details

  • 5,227 Sq Ft Lot
  • Beach Front
  • Sprinkler System
  • Property is zoned R-5

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding

Interior Spaces

  • 1,293 Sq Ft Home
  • 1 Fireplace
  • Thermal Windows
  • Crawl Space

Kitchen

  • Oven or Range
  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Smart Lights or Controls
  • Smart Thermostat

Parking

  • 2 Car Detached Garage
  • Private Driveway

Outdoor Features

  • Walking Distance to Water
  • Patio

Schools

  • Daniel Hand High School

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Propane
  • Programmable Thermostat
  • Propane Water Heater
  • Fuel Tank Located in Ground

Additional Features

  • Energy-Efficient Lighting
  • Property is near golf course and shops

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: Front door bee knocker

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,037

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Colonial
  • Sq Ft Est Heated Above Grade: 1293
  • Public Record Living Room Sq Ft: 1293
  • Total Sq Ft: 1293
  • Year Built: 2001
  • Nearby Amenities: Basketball Court, Golf Course, Library, Medical Facilities, Private Rec Facilities, Public Rec Facilities, Shopping/Mall, Tennis Courts
  • Exclusions: Front door bee knocker
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 2238
  • Directions: Route One or Middle Beach to E Wharf
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 8
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Basement Description: Crawl Space
  • Interior Amenities: Security System
  • Appliances: Gas Range, Oven/Range, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Laundry Room Location: off kitchen
  • Laundry Room Info: Main Level
  • Attic: No
  • Home Automation: Lighting, Thermostat(s)

Exterior Features

  • Exterior Features: Patio, Underground Sprinkler
  • Exterior Siding: Shake
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Access, Beach, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air, Zoned
  • Heat Fuel Type: Propane
  • Fuel Tank Location: In Ground
  • Hot Water Description: Propane
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Green Features

  • Energy Features: Programmable Thermostat, Thermopane Windows

Lot Info

  • Acres: 0.1200
  • Lot Description: Fence - Full
  • Flood Zone: No
  • Zoning: R-5

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 14037
  • Mil Rate Base: 29.410
  • Assessor Parcel Number: 1154126

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2022
Closed on
Nov 1, 2022
Sold by
Davidson Lawrence J
Bought by
Gold Jessica E
Seller's Agent
Mary Beth Cosgrove
William Raveis Real Estate
Buyer's Agent
Toni Fermo
Coldwell Banker Realty
List Price
$1,150,000
Sold Price
$940,000
Premium/Discount to List
-$210,000
-18.26%
Views
121
Current Estimated Value
$1,162,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,662
Avg. Annual Appreciation
6.89%

Purchase Details

Listed on
Jul 17, 2013
Closed on
Oct 7, 2013
Sold by
Varsames Paul
Bought by
Davidson Lawrence J
Seller's Agent
Margaret Muir
William Pitt Sotheby's Int'l
Buyer's Agent
Lisa Rollins Team
Compass Connecticut, LLC
List Price
$739,000
Sold Price
$748,500
Premium/Discount to List
$9,500
1.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.55%

Purchase Details

Closed on
Jun 12, 2001
Sold by
Est Reid Bertha A
Bought by
Varsames Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
7.08%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gold Jessica E $940,000 None Available
Davidson Lawrence J $748,500 --
Varsames Paul $290,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Varsames Paul $225,000
Previous Owner Varsames Paul $232,000
Previous Owner Varsames Paul $232,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2022 10/28/22 Sold $940,000 -12.6% $727 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
08/29/2022 08/29/22 Price Changed $1,075,000 -6.5% $831 / Sq Ft
08/17/2022 08/17/22 For Sale $1,150,000 +53.6% $889 / Sq Ft
10/07/2013 10/07/13 Sold $748,500 +1.3% $579 / Sq Ft View Prior Sale
08/07/2013 08/07/13 Pending -- -- --
07/17/2013 07/17/13 For Sale $739,000 -- $572 / 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 $15,688 $699,400 $491,400 $208,000
2024 $15,387 $699,400 $491,400 $208,000
2023 $14,305 $477,300 $362,900 $114,400
2022 $14,037 $477,300 $362,900 $114,400
2021 $13,770 $477,300 $362,900 $114,400
2020 $13,531 $477,300 $362,900 $114,400
2019 $13,531 $477,300 $362,900 $114,400
2018 $14,718 $524,900 $399,900 $125,000
2017 $14,330 $524,900 $399,900 $125,000
2016 $13,905 $524,900 $399,900 $125,000
2015 $13,521 $524,900 $399,900 $125,000
2014 $14,521 $576,900 $407,100 $169,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170514161

SmartMLS

APN: MADI-000017-000000-000031