NOT LISTED FOR SALE

Estimated Value: $1,089,829 - $1,108,000

0.94 Acre
$1,169,059 Price per Acre
40,946 Sq Ft Lot

Last Sold November 05, 2021

Last sale price $800,000 $1,140 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $6,678/month

832 Days on Market

Highlights

  • Waterfront
  • 0.94 Acre Lot
  • No HOA
  • Stonington Middle School Rated A-
  • Wetlands on Lot
  • Property is near shops

About This Lot

As of November 2021

Stunning views of Downtown Mystic, beautiful sunsets and direct access to the Mystic River providing entry to open waters from your private dock...It is as spectacular as it sounds. This property is rare not only because of its location, views and water access; it is also completely approved for building including permits. Conveying with this property are architectural, site, design and engineered septic approvals for a 4 or 5 bedroom home. Mooring is included and the dock is approved by DEEP. All of the hassle, expense and time consuming process of preparing this lot for building has already been taken care of with the Town and other Departments. We invite you to visit this lot and envision yourself sitting on your back patio enjoying the lovely surroundings of Masons Island, Mystic waters and coastal living.

Last Agent to Sell the Property

Jon Arruda

William Pitt Sotheby's Int'l License #REB.0789221 Listed on: 06/20/2019

William Pitt Sotheby's Int'l

Co-Listed By

Heather Sawyer

William Pitt Sotheby's Int'l License #RES.0797514

Last Buyer's Agent

Tracey Precourt

Century 21 Clemens Group License #RES.0793278

Century 21 Clemens Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,514

Lot Details

  • 0.94 Acre Lot
  • Waterfront
  • Level Lot
  • Cleared Lot
  • Property is zoned RM-15

Property Views

  • Water Views

Location

  • Flood Zone Lot
  • Property is near shops
  • Property is near a golf course

Schools

  • Deans Mill Elementary School
  • Stonington Middle School
  • Stonington High School

Utilities

  • Phone Available
  • Cable TV Available

Community Details

Overview

  • No Home Owners Association

Recreation

  • Wetlands on Lot

Property Details

Property Type

Land

Est. Annual Taxes

$10,514

Lot Details

0

Listing Details

  • Neighborhood: Masons Island
  • Property Type: Lots and Land For Sale
  • Nearby Amenities: Golf Course, Health Club, Medical Facilities, Park, Private Rec Facilities, Private School(s), Public Rec Facilities, Shopping/Mall
  • Property Sub Type: Residential Land
  • Direct Waterfront: Yes
  • Tax Year Updated Dt: 07/26/2021
  • Directions: Rte. 1 to Masons Island Rd. Proceed over the causeway and bear Right onto Old North Rd. Follow Old North Rd. around to the left and again to the right. The lot will be on your right hand side w/ dock and access to the water.
  • Special Features: None

Exterior Features

  • Waterfront Description: Direct Waterfront, Frontage, Dock or Mooring, View
  • Road Frontage Description: Municipal Street, Paved Road

Utilities

  • Water Source: Public Water In Street
  • Sewer: Septic
  • Utilities Available: Electric, Telephone, Cable
  • Septic Approval: Yes
  • Septic Plan Available: Yes

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.9400
  • Lot Description: In Flood Zone, Some Wetlands, Dry, Cleared, Water View, Level Lot
  • Flood Zone: Yes
  • Lot Improvements: Approved Building Lot, Finish Graded
  • Lots Number Of: 1
  • Subdividable Ynu: No
  • Zoning: RM-15

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 10514
  • Mil Rate Base: 23.850
  • Mil Rate Tax District: 1.250
  • Assessor Parcel Number: 2073463

MLS Schools

  • Elementary School: Deans Mill
  • Middle Jr High School: Stonington
  • High School: Stonington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2019
Closed on
Nov 2, 2021
Sold by
Point Circle Prop Llc
Bought by
Cassidy Sean A and Cassidy Cary I
Seller's Agent
Jon Arruda
William Pitt Sotheby's Int'l
Buyer's Agent
Tracey Precourt
Century 21 Clemens Group
List Price
$950,000
Sold Price
$800,000
Premium/Discount to List
-$150,000
-15.79%
Current Estimated Value
$1,098,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,915
Avg. Annual Appreciation
8.09%

Purchase Details

Listed on
Jun 22, 2017
Closed on
Jun 29, 2018
Sold by
Wainston Mark J and Wainston Laura J
Bought by
Point Circle Propertie
Seller's Agent
Jeanne Grills
William Raveis Real Estate
Buyer's Agent
Jon Arruda
William Pitt Sotheby's Int'l
List Price
$895,000
Sold Price
$675,000
Premium/Discount to List
-$220,000
-24.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.19%

Purchase Details

Closed on
Aug 26, 1997
Sold by
Sebastian Stewart
Bought by
Wainston Mark Jiro and Wainston Laura Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 1995
Sold by
Callahan Francis G and Callahan Carolyn
Bought by
Sebastian Stewart

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.32%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cassidy Sean A $800,000 None Available
Cassidy Sean A $800,000 None Available
Point Circle Propertie $675,000 --
Point Circle Propertie $675,000 --
Wainston Mark Jiro $185,000 --
Wainston Mark Jiro $185,000 --
Sebastian Stewart $249,000 --
Sebastian Stewart $249,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sebastian Stewart $148,000
Previous Owner Sebastian Stewart $150,000
Closed Sebastian Stewart $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/05/2021 11/05/21 Sold $800,000 -5.9% $1,140 / Sq Ft
09/29/2021 09/29/21 Pending -- -- --
08/13/2020 08/13/20 Price Changed $849,900 -10.5% $1,211 / Sq Ft
06/20/2019 06/20/19 For Sale $950,000 +40.7% $1,353 / Sq Ft
06/28/2018 06/28/18 Sold $675,000 +56150.0% $962 / Sq Ft View Prior Sale
01/06/2018 01/06/18 Pending -- -- --
11/03/2017 11/03/17 Rented $1,200 -7.7% --
10/09/2017 10/09/17 For Rent $1,300 0.0% --
09/27/2017 09/27/17 Price Changed $775,000 -2.5% $1,104 / Sq Ft
08/11/2017 08/11/17 Price Changed $795,000 -11.2% $1,132 / Sq Ft
06/22/2017 06/22/17 For Sale $895,000 0.0% $1,275 / Sq Ft
10/30/2016 10/30/16 Rented $1,700 -5.6% --
10/13/2016 10/13/16 Under Contract -- -- --
07/19/2016 07/19/16 For Rent $1,800 +5.9% --
09/03/2013 09/03/13 Rented $1,700 -5.6% --
08/19/2013 08/19/13 Under Contract -- -- --
01/22/2013 01/22/13 For Rent $1,800 -- --
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 $10,688 $551,500 $540,300 $11,200
2024 $10,258 $551,500 $540,300 $11,200
2023 $10,203 $551,500 $540,300 $11,200
2022 $10,435 $418,900 $408,700 $10,200
2021 $10,514 $418,900 $408,700 $10,200
2020 $10,309 $418,900 $408,700 $10,200
2019 $12,202 $495,800 $408,700 $87,100
2018 $11,815 $495,800 $408,700 $87,100
2017 $12,421 $516,900 $445,800 $71,100
2016 $12,075 $516,900 $445,800 $71,100
2015 $11,511 $516,900 $445,800 $71,100
2014 $10,974 $516,900 $445,800 $71,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170206702

SmartMLS

APN: STON-000181-000002-000005