NOT LISTED FOR SALE

983 Reef Rd Fairfield, CT 06824

Fairfield Beach Neighborhood

Estimated Value: $1,489,000 - $2,486,678

3 Beds
4 Baths
1,291 Sq Ft
$1,540/Sq Ft Est. Value

Last Sold March 22, 2019

Last sale price $475,000 $368 Per Sq Ft

Est. 325% increase in value since last sale

Current estimated payment $12,764/month

95 Days on Market

Highlights

  • Ranch Style House
  • Attic
  • Walking Distance to Water
  • Roger Sherman Elementary School Rated A
  • No HOA
  • 1-minute walk to Veterans Park

About This Home

As of March 2019

A picturesque, 0.32 acres 1 block from the beach on Fairfield's Reef Road. THIS IS CURRENTLY A GRANDFATHERED 2 FAMILY - ( If rehabbed needs roof - 6 students allowed ) IF KNOCK DOWN - 2,999 sq ft of a new single family home can be built on this parcel with a two to three car garage on a slab ( on 20% of the original footprint ) with 8 ft piers and 2.5 floors of living space above. This would be FEMA compliant. A rectangular shaped lot, the long side facing the road. Please see P & Z notes in disclosures. CLICK ON THE MOVIE REEL FOR DRONE VIDEO...

Last Agent to Sell the Property

Chuck Ciambriello

Coldwell Banker Realty License #RES.0790254 Listed on: 11/05/2018

Coldwell Banker Realty

Last Buyer's Agent

Frank Bowser

PPG Properties LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,069

Year Built

  • Built in 1919

Lot Details

  • 0.32 Acre Lot
  • Level Lot
  • Cleared Lot
  • Many Trees

Home Design

  • 1,291 Sq Ft Home
  • Ranch Style House
  • Cottage
  • Wood Foundation
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 2 Car Garage
  • Basement Garage
  • Tuck Under Garage

Outdoor Features

  • Walking Distance to Water

Location

  • Flood Zone Lot
  • Property is near bus stop

Schools

  • Roger Sherman Elementary School
  • Fairfield Ludlowe High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Tankless Water Heater

Additional Features

  • Attic

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,069

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Neighborhood: Beach
  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Ranch, Cottage
  • Sq Ft Est Heated Above Grade: 1291
  • Public Record Living Room Sq Ft: 1291
  • Total Sq Ft: 1291
  • Year Built: 1919
  • Nearby Amenities: Park, Walk to Bus Lines
  • Remarks Public Addendum: THE FOLLOWING RESTRICTIONS ARE FOR THE REAR PROPERTY ONLY ( TENANT IN THERE ) ---- MONDAY THRU FRIDAY SHOWINGS HAVE TO BE FROM 11:30 AM ( Earliest ) AND OUT BY 2:45 PM - NO EXCEPTIONS --- ALSO NO SHOWINGS ON SUNDAY'S AT ALL FOR REAR PROPERTY --
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 2112
  • Directions: Post Rd from center - left onto Reef - I block before beach on the left
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 4.00
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Appliances: Refrigerator
  • Attic: Yes

Exterior Features

  • Exterior Siding: Wood
  • Foundation Type: Slab, Wood
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Under House Garage
  • Garages Number: 2

Utilities

  • Cooling System: Wall Unit
  • Heat Type: Zoned
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Tankless Hotwater
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.3200
  • Lot Description: In Flood Zone, Dry, Cleared, Level Lot, Treed
  • Zoning: B

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 8069
  • Mil Rate Base: 26.360
  • Assessor Parcel Number: 132431

MLS Schools

  • Elementary School: Roger Sherman
  • High School: Fairfield Ludlowe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 11, 2020
Sold by
Ppg Development Llc
Bought by
Trofa Property Dev Llc
Current Estimated Value
$2,020,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$441,248
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$1,546,922

Purchase Details

Listed on
Nov 5, 2018
Closed on
Mar 8, 2019
Sold by
Homberger Richard J
Bought by
Ppg Development Llc
Seller's Agent
Chuck Ciambriello
Coldwell Banker Realty
Buyer's Agent
Frank Bowser
PPG Properties LLC
List Price
$599,000
Sold Price
$475,000
Premium/Discount to List
-$124,000
-20.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.32%

Purchase Details

Closed on
Dec 1, 1992
Sold by
Homberger Margaret
Bought by
Homberger Richard J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
8.06%
Mortgage Type
Unknown

Purchase Details

Closed on
May 2, 1991
Sold by
Purcelli Thomas Est
Bought by
Homberger Margaret
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
Trofa Property Dev Llc $600,000 None Available
Ppg Development Llc $475,000 --
Ppg Development Llc $475,000 --
Ppg Development Llc $475,000 --
Homberger Richard J $178,000 --
Homberger Margaret $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trofa Property Dev Llc $500,000
Previous Owner Homberger Margaret $188,000
Previous Owner Homberger Margaret $165,000
Previous Owner Homberger Margaret $125,000
Previous Owner Homberger Margaret $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2019 03/22/19 Sold $475,000 -5.0% $368 / Sq Ft
02/08/2019 02/08/19 Pending -- -- --
01/29/2019 01/29/19 Price Changed $499,900 -4.8% $387 / Sq Ft
01/08/2019 01/08/19 Price Changed $524,900 -6.1% $407 / Sq Ft
11/24/2018 11/24/18 Price Changed $559,000 -6.7% $433 / Sq Ft
11/05/2018 11/05/18 For Sale $599,000 -- $464 / 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 $27,659 $974,260 $364,280 $609,980
2024 $27,182 $974,260 $364,280 $609,980
2023 $26,802 $974,260 $364,280 $609,980
2022 $26,539 $974,260 $364,280 $609,980
2021 $9,828 $364,280 $364,280 $0
2020 $8,201 $306,110 $254,520 $51,590
2019 $8,201 $306,110 $254,520 $51,590
2018 $8,069 $306,110 $254,520 $51,590
2017 $7,904 $306,110 $254,520 $51,590
2016 $7,790 $306,110 $254,520 $51,590
2015 $8,305 $335,020 $282,800 $52,220
2014 $8,174 $335,020 $282,800 $52,220
Source: Public Records

Agents Affiliated with this Home

  • Chuck Ciambriello

    Seller's Agent in 2019

    Chuck Ciambriello

    Coldwell Banker Realty

    (203) 913-6738

    3 in this area

    67 Total Sales

    Chuck Ciambriello
    Section Image

  • F

    Buyer's Agent in 2019

    Frank Bowser

    PPG Properties LLC

See All Agents

Map

Source: SmartMLS

MLS Number: 170139116

SmartMLS

APN: FAIR-000183-000000-000016

Connecticut Fairfield County Fairfield 06824 Fairfield Beach

983 Reef Rd, Fairfield, CT

Not Listed for Sale

Detached

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