40 Clark Lane

Waterford, CT 06385

$425,000
Price
5
Beds
2
Baths
1
1/2 Bath
2,430 Sq. Ft.
$175 / Sq. Ft.
2,430
Sq. Ft.
$175
per Sq. Ft.

Description

Holy cash cow! This recently renovated two-family home in the heart of Waterford presents the perfect owner occupied opportunity, live in one unit and rent out the other! This home offers a 3 bed, 1.5 bath unit on the first floor and a 2 bed, 1 bath unit on the second floor. Both units come equipped with elegant kitchens and baths boasting tiled showers, granite countertops, and stainless steel appliances. The private covered deck offers a serene and quiet escape but could also be the perfect place...Holy cash cow! This recently renovated two-family home in the heart of Waterford presents the perfect owner occupied opportunity, live in one unit and rent out the other! This home offers a 3 bed, 1.5 bath unit on the first floor and a 2 bed, 1 bath unit on the second floor. Both units come equipped with elegant kitchens and baths boasting tiled showers, granite countertops, and stainless steel appliances. The private covered deck offers a serene and quiet escape but could also be the perfect place for entertaining. The outdoor shed offers plenty of extra storage space for your tools and lawn care equipment! Check out those pics and schedule your private showing today! There's no better time to secure an investment property on the shoreline!
  1. Listed by Jarrad R Horsley • RE/MAX ONE
    P: (860) 444-7362 C: (860) 300-0146 jarradhorsleyrealty@gmail.com

Property Details for 40 Clark Lane

Basement Description
Full, Heated, Hatchway Access, Partially Finished
Direct Waterfront
No
Expected Active Date
05-31-2024
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
None, Off Street Parking, Driveway
Swimming Pool
No
Expected On Market Date
05-31-2024

Location

Listing Courtesy of RE/MAX ONE, Jarrad R Horsley
Add your commute
LISTING UPDATED: 06/03/2024 11:38 PM

Property Details for 40 Clark Lane

StatusUnder Contract - Continue To Show
MLS #24019447
Days on Market3
Taxes$5,285 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 2 Family
Year Built1930
Lot Size0.25 AC / 10,890 SF
CountyNew London County

Location

Listing Courtesy of RE/MAX ONE, Jarrad R Horsley
Add your commute

Building Information for 40 Clark Lane

Stories-Residences2Year Built1930Building Size-Lot Size0.25 AC / 10,890 SF

Payment Calculator

$2,760 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,319

Property Taxes

$440

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 40 Clark Lane

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS Friendly.
  • Elementary School: Great Neck
  • High School: Waterford
  • Latitude: 41.34542
  • Longitude: -72.126963
  • Middle Jr High School: Clark Lane
  • Neighborhood Amenities: Basketball Court, Golf Course, Library, Medical Facilities, Park, Playground/Tot Lot, Public Transportation, Shopping/Mall
  • State: Connecticut
Parking
  • Parking Total Spaces: 6
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2023-June 2024
  • Property Tax: $5,285
Interior and Exterior Features
Exterior Features
  • Exterior Features: Deck
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: None
  • Heat Type: Hot Water
  • Attic YN: No
  • Fireplaces Total: 1
  • Home Automation: Thermostat(s)
  • Laundry Room Info: Basement Hook-Up(s)
  • Laundry Room Location: Basement hook ups for 1st floor.
  • Rooms Total: 8
Property
Property and Assessments
  • Color: Blue
  • Construction Description: Frame
  • Driveway Type: Private, Paved
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Fuel Tank Location: In Basement
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1930
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Sq Ft Est Heated Below Grade: 756
  • Living Area SQFT Per Public Records: 1674
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 1589874
  • Sq Ft Est Heated Above Grade: 1674.0
  • Sq Ft Total: 2430.0
  • Zoning: R-20
Utilities
  • Energy Features: Thermopane Windows
  • Heat Fuel Type: Oil
  • Hot Water Description: Oil, Domestic
  • Radon Mitigation Air: No
  • Radon Mitigation Water: No
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Income: 45600
  • Occupied By: Tenant
  • Total Number of Units: 2
  • Total Rooms Multi Family: 8
Unit 1
  • Lease: Monthly
  • Listing Key: 18F890EEC2F66836E0631401100A248C
  • Unit Appliances: Electric Range,Microwave,Refrigerator
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 06-03-2024
  • Unit Monthly Rent: $1,300
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Lease Expires: 07-15-2025
  • Listing Key: 18F890EEC2F66836E0631401100A248C
  • Unit Appliances: Electric Range,Microwave,Range Hood,Refrigerator,Dishwasher
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Half Baths: 1
  • Unit Modified Date: 06-03-2024
  • Unit Monthly Rent: $2,500
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant

Property History for 40 Clark Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 40 Clark Lane

Taxable ValueLand$60,380Additions$188,890Total$249,270
Tax Record2023$5,285 ($440 / month)
Home Facts
Baths2Total Finished SqFt1,674 SqFtAbove Grade Finished SqFt1,674 SqFtStories2Lot Size10,890 SqFtStyleDuplexYear Built1930ZoningR-20CountyNEW LONDONAPNWFRD M:133 L:1409

Schools near 40 Clark Lane

This home is within Waterford School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 1 to 2
Rating
School
Distance
Southwest Elementary School
PublicK to 5

Clark Lane Middle School
Public6 to 8

Waterford High School
Public9 to 12

Autism Class
Public1 to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of RE/MAX ONE, Jarrad R Horsley

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.