$80,000
SOLD NOV 24, 2020

5 Ridge Rd Unit 10 Naugatuck, CT 06770

3 Beds
1.5 Baths
1,092 Sq Ft
$216/mo HOA Fee

Recently Sold

$73 Per Sq Ft

9% Below List Price

19 Days on Market

Highlights

  • Patio
  • Guest Parking
  • Property is near shops
  • Community Playground
  • Zoned Heating
  • Ceiling Fan

About This Home

As of November 2020

Investors & Landlords encouraged to buy! Lower level finished area has closet & can be 4th bedroom. Replacement vinyl windows & slider. Assigned parking right outside slider entrance & ample guest parking. Looks out on to playground. New 275 gallon oil tank in lower level. Unit was remodeled in 2014 but has been rented every since. Being sold as is. Month to month tenant prefers to stay. As of Oct 1st rent will be $1625/month (includes utilities) of which the majority is paid by Naugatuck Housing. New owner can enter into lease agreement with Housing. Step right in & have positive cash flow!

Last Agent to Sell the Property

Gina Jacobs

Gina Jacobs Real Estate License #REB.0789612 Listed on: 09/18/2020

Last Buyer's Agent

Bobby Floyd

Coldwell Banker Realty 2000 License #RES.0796438

Coldwell Banker Realty 2000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,813

Year Built

  • Built in 1971

HOA Fees

  • $216 Monthly HOA Fees

Home Design

  • Frame Construction
  • Wood Siding
  • Concrete Siding

Interior Spaces

  • 1,092 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on lower level
  • Electric Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Guest Parking
  • Visitor Parking

Schools

  • Naugatuck High School

Utilities

  • Zoned Heating
  • Baseboard Heating
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement
  • Cable TV Available

Additional Features

  • Patio
  • Property is near shops

Community Details

Overview

  • Association fees include grounds maintenance, trash pickup, snow removal, property management, pest control
  • 300 Units
  • Lantern Park Community
  • Property managed by Imagineers

Recreation

  • Community Playground

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,813

Year Built

Built in 1971

Lot Details

0

HOA Fees

$216 per month

Listing Details

  • Property Type: Condo/Co-Op For Sale
  • Style: Townhouse
  • Sq Ft Est Heated Above Grade: 1092
  • Public Record Living Room Sq Ft: 1092
  • Total Sq Ft: 1092
  • Year Built: 1971
  • Nearby Amenities: Park, Playground/Tot Lot, Shopping/Mall
  • Association Amenities: Guest Parking, Playground/Tot Lot
  • Property Sub Type: Condominium
  • Direct Waterfront: No
  • End Unit: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Public Record Gross Sq Ft: 1619
  • Directions: Mill Rd to Lantern Park. Towards back of complex near playground.
  • Special Features: None

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement Description: Full, Partially Finished, Interior Access
  • Interior Amenities: Cable - Available
  • Appliances: Electric Range, Refrigerator, Dishwasher, Washer, Electric Dryer
  • Laundry Room Location: lower level
  • Laundry Room Info: Lower Level
  • Attic: No
  • Street Number Modifier: 5

Exterior Features

  • Exterior Features: Patio
  • Exterior Siding: Wood
  • Swimming Pool: No
  • Construction Description: Frame, Concrete

Garage/Parking

  • Garage Parking Info: Assigned Parking

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Baseboard, Zoned
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic, Oil
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Trash Pickup, Snow Removal, Property Management, Pest Control
  • Complex Name: Lantern Park
  • Levels In Unit: 3
  • HOA Fees: 216
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Management Type: Professional-Off Site
  • Property Mgt Company Name: Imagineers

Schools

  • Elementary School: Per Board of Ed
  • High School: Naugatuck

Lot Info

  • Lot Description: N/A
  • Zoning: RA1

Rental Info

  • Pets Allowed Info: one dog
  • Pets Allowed: Yes

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 2813
  • Total Assessed Value: 58910
  • Mil Rate Base: 47.750
  • Mil Rate Total: 47.750
  • Assessor Parcel Number: 2261174

Multi Family

  • Total Num Of Units: 300

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Naugatuck

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2013
Closed on
Mar 5, 2014
Sold by
Fhlmc
Bought by
Jacobs Gina
Seller's Agent
Sal Zazon
Realty Network
Buyer's Agent
Gina Jacobs
Gina Jacobs Real Estate
List Price
$39,900
Sold Price
$37,000
Premium/Discount to List
-$2,900
-7.27%
Current Estimated Value
$176,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,107
Avg. Annual Appreciation
14.42%

Purchase Details

Listed on
Nov 25, 2013
Closed on
Jan 10, 2014
Sold by
Bank Of America Na
Bought by
Fhlmc
Seller's Agent
Sal Zazon
Realty Network
Buyer's Agent
Gina Jacobs
Gina Jacobs Real Estate
List Price
$39,900
Sold Price
$37,000
Premium/Discount to List
-$2,900
-7.27%

Purchase Details

Closed on
Dec 10, 1998
Sold by
Escoda Gary
Bought by
Marchant Dawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,500
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $37,000 --
Quit Claim Deed -- --
Foreclosure Deed -- --
Warranty Deed $39,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $48,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $38,500 Purchase Money Mortgage
Closed $3,400 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2020 11/24/20 Sold $80,000 -9.1% $73 / Sq Ft
10/07/2020 10/07/20 Pending -- -- --
09/18/2020 09/18/20 For Sale $88,000 0.0% $81 / Sq Ft
08/30/2016 08/30/16 Rented $1,100 0.0% --
08/30/2016 08/30/16 Rented $1,100 -4.3% --
07/31/2016 07/31/16 Under Contract -- -- --
07/23/2016 07/23/16 Under Contract -- -- --
07/18/2016 07/18/16 For Rent $1,150 -4.2% --
06/28/2016 06/28/16 For Rent $1,200 +14.3% --
09/27/2015 09/27/15 Rented $1,050 -4.5% --
08/28/2015 08/28/15 Under Contract -- -- --
08/02/2015 08/02/15 For Rent $1,100 0.0% --
02/04/2014 02/04/14 Sold $37,000 -7.3% $34 / Sq Ft
12/09/2013 12/09/13 Pending -- -- --
11/25/2013 11/25/13 For Sale $39,900 -- $37 / 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 $3,237 $81,340 $0 $81,340
2024 $3,399 $81,340 $0 $81,340
2023 $3,640 $81,340 $0 $81,340
2022 $2,813 $58,910 $0 $58,910
2021 $2,813 $58,910 $0 $58,910
2020 $2,813 $58,910 $0 $58,910
2019 $2,783 $58,910 $0 $58,910
2018 $1,836 $37,970 $0 $37,970
2017 $1,843 $37,970 $0 $37,970
2016 $1,810 $37,970 $0 $37,970
2015 $1,730 $37,970 $0 $37,970
2014 $1,711 $37,970 $0 $37,970
2012 $2,990 $89,110 $0 $89,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170338533

SmartMLS

APN: NAUG-000091-000013-W005267-000010