38 Hope Street - East Lyme, CT

$250,000

Beds

2.00

Baths

918

SqFt

0.00

Acres

Pricing Insight: Originally listed for $250,000, the price has remained unchanged for approximately 49 days. This property has been on the market for approximately 49 days. MLS reports 11 Days on Market (DOM) before it went under contract.

Unit 1307 at 38 Hope Street, East Lyme, CT is a 2-bed, 2-bath, 918 square foot home built in 2015 , featuring ranch architecture. This residence is part of a 118-unit community. This home is part of a homeowners association, with dues of $77 paid monthly. The HOA fee includes: grounds maintenance, trash pickup, snow removal, property management, pest control, and insurance. Community amenities include: elevator, gardening area, and guest parking.

This home is within the East Lyme school district. Local, with nearby schools including Per Board of Ed.

MLS #: 24143936

Offered Price: $250,000

Residence Type: Condo/Co-Op

Architectural Style: Ranch

Living Area: 918 Sq. Ft.

Lot Size: 0.00 Acres

Neighborhood: Niantic

County: New London

Year Built: 2015

Design & Construction: Frame

Heating: Heat Pump,Hot Air

Cooling: Central Air

Garage Spaces: 0

Price per Sq Ft as listed: $272

Estimated Tax: $3,431

Days on Market: 11

$1,795

2 Beds · 1 Baths · 868 Sq Ft

374 Main Street, East Lyme

$2,500

2 Beds · 1 Baths · 4,192 Sq Ft

95 Pennsylvania Avenue, East Lyme

Home Automation: Thermostat(s)

Energy Features: Thermopane Windows

Solar Contract: Not specified

Heating Fuel: Propane

Fuel Type: Heat Pump, Hot Air

Fuel Tank Location: In Ground

Cooling System: Central Air

Hot Water System: Propane, Upright Tank

Air Radon Mitigation: Not specified

Water Radon Mitigation: Not specified

Price per square foot: $272 / Sq. Ft.

Tax assessed value: $122,500

Estimated Tax: $3,431

Architectural Style: Ranch

Design & Construction: Frame

Residence Type: Condo/Co-Op

Year Constructed: 2015

Living Area: 918 Sq. Ft.

Lot Size: 0.00 Acres

Fuel: Propane

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AUTOMATED VALUATION ESTIMATE

Note: Computer-generated estimate, not an appraisal.

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Understanding This Valuation

The RPR AVM considers:

Recent sales of comparable properties
Property characteristics and location
Market trends in East Lyme
Statistical modeling algorithms

Local Market Context

Active Listings: 58

Average Price: $526,170

Average DOM: 11 days

Complimentary CMAs, no obligation

Buyer must qualify for this Workforce 80% unit. Household income limits; 1 occupant=$61,768, 2 occupants =$70,592, 3 occupants=$79,416. This is a lovely two bedroom / two full bath unit in the middle building. It is filled with sunlight and ready for a new owner. This complex is in the village of Niantic with retail shops, restaurants and McCook's beach.

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Flood Risk Assessment Water Body Detected Nearby

Water Proximity Detected: This property exhibits indicators suggesting nearby or referenced water features

Location Analysis:

Water features noted

Water Proximity:

Near water body

Topography:

Standard terrain

Water Indicators Found:

Water-related features referenced in listing details

Recommendations:

Professional flood assessment advised
Based on identified water-related indicators, flood insurance may warrant consideration
Consult FEMA Flood Maps for zone verification
Evaluate drainage systems
Review local flood history

Risk Level: Moderate

Property near water bodies. Consider flood insurance.

Walkability Score: calculating…
Motif Lifestyle Score: calculating…

Amenity Access Summary

Dining & Café Access: Low to Moderate
Daily Services: Limited
Recreational Space: Limited Nearby

How These Scores Are Calculated

These scores reflect the proximity and concentration of nearby amenities, measured against a typical town-center environment.

Walkability emphasizes access to daily necessities such as groceries, pharmacies, banking, and routine services.
Motif Lifestyle emphasizes dining, cafés, parks, and leisure destinations that contribute to neighborhood character and quality of life.

All scores are normalized on a 0–100 scale to allow consistent comparison across different locations.

58

Homes For Sale

$526,170

Average List Price

Mechanicals & Utilities: Heat Pump,Hot Air • Propane • Central Air • Public Water Connected water

Exterior Features

Exterior Construction: Other

Garage: Paved,Parking Lot,Assigned Parking

Parking: 1 Total

Patio/Deck: Sidewalk,Gazebo,Garden Area,Lighting

Utilities: Water: Public Water Connected

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"Local Market Expert"

George Antonopoulos

Real Estate Advisor

East Lyme • Connecticut Shoreline

Licensed Real Estate Agent – Connecticut

Verified Motif Advisor

(800) 555-0001

george@appzentric.com

Good morning George, I'm interested in
38 Hope Street, East Lyme, Connecticut

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