$470,000
$499,000
5.8%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
960 SqFt
SOLD DATE : 10/20/2020
Key Details
Sold Price $470,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 960 sqft
Price per Sqft $489
MLS Listing ID 170280508
Sold Date 10/20/20
Style Single Family Detached
Bedrooms 4
Full Baths 1
Half Baths 1
HOA Fees $25/ann
Year Built 1920
Annual Tax Amount $6,972
Property Description
WATERFRONT SUMMER COTTAGE ON ONE OF THE MOST BEAUTIFUL BEACHES IN CT - RIGHT ON LONG ISLAND SOUND! Great investment! The tenants always give this cottage rave reviews! There are leases in place for the balance of the summer at $2300/week! Total rental income most years is close to $30,000. This 4 bedroom home has been raised on piers to FEMA standards. It is a free standing condo in a small complex of 3 separate units. Enjoy the long white sandy beach, the captivating water views and the cool breezes. The owners of the property enjoy it themselves some weeks but rentals have made it a very good investment. Recent updates to the cottage include a new & well appointed kitchen with granite counters, updated bathrooms, new windows, and a new septic system. Parking is usually at a premium at the beach, but because the cottage is raised, there is room for parking beneath! Just think about listening to the waves lapping up on the beach and 360 degree views to enjoy the sunrises and sunsets! A favorite Wednesday night past time is watching the Duck Island Sail Boat races! The cottage is being sold "turn-key".
Location
State CT
County Middlesex
Zoning RES
Rooms
Basement None
Interior
Heating Baseboard
Cooling Ceiling Fans
Exterior
Parking Features Under House Garage
Garage Spaces 4.0
Waterfront Description Direct Waterfront,L. I. Sound Frontage,Beach,View
Building
Lot Description Water View, Level Lot
Sewer Septic
Water Public Water Connected
Level or Stories 2
Schools
Elementary Schools Per Board Of Ed
High Schools Morgan
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Bought with Virginia R. Proft
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "