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31 Island Way

31 Island Way, Westport, CT 06880
Property in Westport
Sold Aug 29, 2017
$765,000
$500,000 by Citibank Na
Mortgage Due Aug 29, 2047
Sold Mar 24, 2016
$765,000
$612,000 by Loandepot.com Llc
Mortgage Due Mar 24, 2046
Local assessors in Westport, CT have categorized 31 Island Way as a residential type of property. The home was built in 1964 and is 60 years old. The property's lot size has been calculated to be 9,583 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a contemporary style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 31 Island Way has a total of 2,177 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. Moving onto specific details regarding the building. Our sources show that the building condition is average. The building has a gable style roof that was made of asphalt. Lots of concrete block were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a hot water heating system is the primary heating source and it is being fueled with oil. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 31 Island Way sold most recently in Jan 1, 1970 for a total of $765,000. If you work out the math, that's approximately a cost of $351.40 per sqft. Before that, the property was also sold for $765,000 in Jan 1, 1970. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $9,184 in taxes each year. 31 Island Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $500,500. If we break it down further, the land itself was valued at $372,000. Improvements to the property, however, were assessed at a total of $128,500. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Style: Contemporary
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 808
  • Garage Type: Carport
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 2,177
  • Gross Building Area: 4,760
  • Building Area: 2,177
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,177
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : FRANZEL JEFFREY B
  • Current Owner 2: FRANZEL JOANNE
  • Previous Owner : REEVE JONATHAN J
  • Owner Before Previous Owner: HAUHUTH MARTHA S
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Westport School District
  • School Tax School District: WESTPORT SD
  • Census Tract: 050400

Zoning

  • Zoning: A

Geography

  • Account Number: 7652
  • Parcel: WPOR M:B01 L:061-000
  • Lot: 61-0
  • Municipality: WESTPORT
  • Latitude: 41.0971
  • Longitude: -73.3716

    Address

  • Full Address: 31 Island Way
  • Address - House Number: 31
  • Address - Street Name: Island
  • Address - Suffix Type: Way
  • State: CT
  • City Name: Westport
  • Carrier Code: C024
  • 4-Digit Zip Code: 6925
  • Zip Code: 06880

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,184

    Appraisal Valuation

  • Standard Deviation: 0.1872
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 75
  • Final Value: 1,061,896
  • High Value: 1,260,707
  • Low Value: 863,086

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $968,317
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: Aug 29, 2017
  • First Open Lien Mortgage Loan Amount: $500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Aug 29, 2047
  • Second Open Lien Mortgage Lender: BETTER MORTGAGE CORP
  • Second Open Lien Mortgage Recording Date: Mar 02, 2021
  • Second Open Lien Mortgage Loan Amount: $468,317
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Balloon
  • Second Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $500,500
  • Assessed Land Value: $372,000
  • Assessed Improvements Value: $128,500

    Sales

  • Current Sale Recording Date: Aug 29, 2017
  • Current Sale Transaction ID: 1733342795
  • Current Sale Price: $765,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 4127800003
  • Previous Sale Recording Date: Mar 24, 2016
  • Previous Sale Amount: $765,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: Aug 29, 2017
  • First Mortgage Loan Amount: $500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Aug 29, 2047

    Previous Mortgages

  • Previous Mortgage Lender: LOANDEPOT.COM LLC
  • Previous Mortgage Transaction Date: Mar 24, 2016
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $612,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Mar 24, 2046

About Westport



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Frequently Asked Questions

What neighborhood is 31 Island Way located in?
The 31 Island Way is a located in the neighborhood of Westport in Westport, Westport.
What is the average sales price for listings in 31 Island Way?
The average sales price for units in 31 Island Way is $0 currently.

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