NOT LISTED FOR SALE

10 Riverside Dr Baltic, CT 06330

Estimated Value: $68,000 - $288,972

71 Acres
$2,054 Price per Acre
3,088,840 Sq Ft Lot

Last Sold November 10, 2020

Last sale price $200,000

Est. 27% decrease in value since last sale

Current estimated payment $962/month

1,124 Days on Market

About This Lot

As of November 2020

This 70 acre parcel was recently approved for a 96 unit condominium project and two small retail centers in accordance with the Town of Sprague's Village Design District. Nestled on a country setting, plans include two and three bedroom units with handicapped accessibility. A community center will offer additional value to residents and consist of a kitchen, fitness center, other amenities and a parking lot. Three thousand feet of walking trails through the wilderness will offer community members added tranquility. Phase 1 roads are already boxed out and plans are available. This community will showcase roads 22 feet wide and sidewalks 5 feet wide. With construction under way, this community is conveniently located 1.5 miles from Rt 395 and 5 miles from Lisbon Landing, Mohegan Sun Golf Club, and Backus Hospital. This location also offers a easy 30 minute commute to both University of Connecticut's main campus and Eastern Connecticut State University.

Sprague boasts itself as "the perfect place to live and work in eastern Connecticut. Its three villages Baltic, Hanover and Versailles are rich in history, charm and architectural significance".

Last Agent to Sell the Property

John Lombardi

Lombardi Realty, LLC License #REB.0757509 Listed on: 08/28/2017

Last Buyer's Agent

John Lombardi

Lombardi Realty, LLC License #REB.0757509 Listed on: 08/28/2017

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,626

Lot Details

  • 70.91 Acre Lot
  • Cleared Lot
  • Property is zoned Village

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$1,626

Lot Details

0

Listing Details

  • Neighborhood: Versailles
  • Property Type: Lots and Land For Sale
  • Potential Short Sale: No
  • Direct Waterfront: No
  • Encumbrances Restrictions: Easements
  • Tax Year Updated Dt: 08/03/2020
  • Directions: Rt 395 to Exit 18 for CT-97 toward Occum/Taftville. CT-97/Taftville Occum Road to Bridge Street, Bridge Street becomes Main Street, Main Street to Riverside Drive.
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Street Number Modifier: 0&10

Exterior Features

  • Road Frontage Description: Municipal Street, Paved Road
  • Road Frontage Approximate: 550

Utilities

  • Water Source: Public Water In Street
  • Sewer: Public Sewer In Street
  • Utilities Available: Electric Available
  • Septic Approval: No
  • Septic Plan Available: No

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 70.9100
  • Lot Description: Dry, Cleared
  • Lot Improvements: Rough Graded
  • Lots Number Of: 1
  • Zoning: Village

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 1626
  • Total Assessed Value: 45470
  • Mil Rate Base: 35.750
  • Mil Rate Total: 35.750
  • Assessor Parcel Number: 1566036

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2017
Closed on
Nov 6, 2020
Sold by
Stone Rdg Of Sprague Llc
Bought by
Aloha New England Re Llc
Seller's Agent
John Lombardi
Lombardi Realty, LLC
Buyer's Agent
John Lombardi
Lombardi Realty, LLC
List Price
$700,000
Sold Price
$200,000
Premium/Discount to List
-$500,000
-71.43%
Current Estimated Value
$146,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$53,919
Avg. Annual Appreciation
-6.43%
Original Mortgage
$150,000
Outstanding Balance
$134,318
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$11,339

Purchase Details

Closed on
Oct 6, 1995
Sold by
Harrington Noella R
Bought by
Gernhard Ronald J and Gernhard Tracey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,337
Interest Rate
7.86%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Aloha New England Re Llc $200,000 None Available
Gernhard Ronald J $92,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aloha New England Re Llc $150,000
Previous Owner Gernhard Ronald J $90,337
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2020 11/10/20 Sold $200,000 -60.0% --
09/25/2020 09/25/20 Pending -- -- --
12/16/2019 12/16/19 Price Changed $500,000 -28.6% --
06/28/2019 06/28/19 Price Changed $700,000 0.0% --
06/28/2019 06/28/19 For Sale $700,000 +250.0% --
03/04/2019 03/04/19 Off Market $200,000 -- --
06/28/2018 06/28/18 Price Changed $860,000 -10.4% --
08/28/2017 08/28/17 For Sale $960,000 -- --
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,988 $65,410 $65,410 $0
2024 $1,930 $65,410 $65,410 $0
2023 $1,864 $65,410 $65,410 $0
2022 $1,648 $45,470 $45,470 $0
2021 $1,637 $45,470 $45,470 $0
2020 $1,626 $45,470 $45,470 $0
2019 $1,580 $45,470 $45,470 $0
2018 $1,512 $45,470 $45,470 $0
2017 $3,602 $112,560 $50,540 $62,020
2016 $3,546 $112,560 $50,540 $62,020
2015 $3,489 $112,560 $50,540 $62,020
2014 $3,489 $112,560 $50,540 $62,020
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    John Lombardi

    Lombardi Realty, LLC

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Map

Source: SmartMLS

MLS Number: 170008783

SmartMLS

APN: SPRA-000018-000001-000039

Connecticut New London County Baltic 06330

10 Riverside Dr, Baltic, CT

This home is located at 10 Riverside Dr, Baltic, CT 06330 since 28 August 2017 and is currently estimated at $145,657. 10 Riverside Dr is a home located in New London County with nearby schools including Sayles School, Sacred Heart School, and St. Joseph Elementary School.

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