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Fairfield
331 Reef Road #5
Listing Courtesy of: Elizabeth Altobelli, William Raveis Real Estate
$1,195,000
● Condo - Off Market

331 Reef Road #5

Fairfield, Connecticut 06824
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,771 Ft²
$1,195,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Welcome to 331 Reef Rd #5, Finely built with a well-accomplished layout! This is next up as unit 5 for the project! Beautifully positioned with a gorgeous view! The Reef at Fairfield Beach, 9 Luxury townhomes with a centralized location to downtown & the beach! Upon entry take note of the heated mudroom w/a catch-all organizational space, store 3+ cars in the garage, or customize to finish your lower level w/ an accessory room. Striking kitchen with 5 series Viking grade appliances, built-in refrigerator, microwave drawer, beautiful 2.5-inch kitchen island countertops. Posh, polished chrome fixtures throughout. Multiple closets are offered throughout this home. The coast meets downtown, what a pleasure to visit this newly built masterpiece. South-facing balconies for brilliant natural light. 57" height Anderson windows provide your grande-scale living. Main level floor bedroom suite, primary ensuite on the 2nd floor, study or guest quarters, and additional bedroom suite. Elevator optional!
Unit Size
2,771 Ft²
Days on Market
-
Land Size
-
Price per sqft
$431
Property Type
Condo
Property Taxes
$83,333
HOA Dues
$350
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (Smart MLS #170586003)

Price History

Date / Event Date Event Price
Nov 3, 2023 Sold
Premium
Sold
Sep 29, 2023 In contract -
In contract
Jul 20, 2023 Listed by William Raveis Real Estate $1,195,000
Listed by William Raveis Real Estate

Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Garage Spaces: 3
Garage Features: Under House Garage, Tandem
Interior Details
Bedrooms: 3
Full Bathrooms: 3
Total Bathrooms: 3
Interior Features: Open Floor Plan
Appliances: Gas Range, Range Hood, Refrigerator, Freezer, Dishwasher, Washer, Dryer
Total Rooms: 9
Laundry Room Info: Upper Level
Laundry Room Location: Second Floor Laundry Room
Additional Rooms: Foyer, Mud Room
Level: Main
Features: Hardwood Floor
Level: Upper
Features: Walk-In Closet, Hardwood Floor
Level: Upper
Features: Walk-In Closet, Hardwood Floor
Level: Upper
Features: Walk-In Closet, Hardwood Floor
Level: Upper
Features: Walk-In Closet, Hardwood Floor
Level: Upper
Features: Walk-In Closet, Hardwood Floor
Has Basement
Unfinished, Garage Access, Walk-out
Exterior Details
Total Heated Above Grade Square Feet: 2771
Year Built Source: Approximate
Year Built: 2023
New Construction: Under Construction
Architectural Style: Townhouse
Exterior: Balcony, Porch, Porch-Enclosed
Financial Details
Property Tax: $999,999
Assessed Value: $999,999
Utilities Details
Cooling Type: Central Air
Heating Type: Gas on Gas
Heating Fuel: Natural Gas
Hot Water: Tankless Hotwater
Sewage System: Public Sewer Connected
Water Source: Public Water Connected
Location Details
HOA Fee: $350
HOA Fee Frequency: Monthly
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20230720 Unit 5
07/20/2023
5
3 Bed
3 Bath
2771 ft²
$1,195,000
bedrooms
3 Bed
bathrooms
3 Bath
square feet
2771 ft²
$1,195,000
11/03/2023
Elizabeth C. Altobelli
Weichert Realtors

Building Info

331 Reef Road 331 Reef Road, Fairfield, CT 06824
More about this Building
331 Reef Road
Want to find out who owns 331 Reef Road, Fairfield, CT 06824? Get detailed property transactions here.

About Fairfield

Stats & Trends

Median Asking:

$679,000

Sale Price/ft²

$336

Above Asking

0.09%

Average Days on Market

64

Average Home Size

2620 ft²

Average Home Age

61.6 years

Currently For Sale

1792 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 60 Overlook Avenue, Fairfield, CT, 06824

$2,800 /mo

  • 2 Beds
  • 1 Bath
  • 1,008 ft²
60 Overlook Avenue #60, Fairfield, CT, 06824 Listing by Shilpa Kulkarni
Unit for rent at 108 Kenwood Avenue, Fairfield, CT, 06824

$3,000 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
108 Kenwood Avenue, Fairfield, CT, 06824 Listing by Hillary Waite
Unit for rent at 38 Churchill Street, Fairfield, CT, 06824

$2,800 /mo

  • 2 Beds
  • 1 Bath
  • 1,100 ft²
38 Churchill Street #A, Fairfield, CT, 06824 Listing by Ray Foote

Rentals Near You

Click here to view more rentals in the neighborhood.
SMART

Listed by: Elizabeth Altobelli
William Raveis Real Estate
Last Updated: 4 years ago
Data Source: Smart MLS, MLS# 170586003
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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