103 Flanders Rd Groton, CT 06355
Estimated payment $4,261/month
Highlights
- 1.33 Acre Lot
- Central Air
- Level Lot
- Attic
- Home to be built
About This Home
Modern Duplex in Mystic! This proposed, "to be built" multi family can be modified in several ways. Energy efficiency and modern construction make this home a rare opportunity in the current Mystic investment market. $72,000/year gross income with an 8% CAP rate on new construction!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,173
Year Built
- Built in 2025
Lot Details
- 1.33 Acre Lot
- Level Lot
Parking
- 2 Car Garage
Home Design
- Home to be built
- Side-by-Side
- Slab Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 3,000 Sq Ft Home
- Pull Down Stairs to Attic
Bedrooms and Bathrooms
- 6 Bedrooms
Utilities
- Central Air
- Heating System Uses Oil Above Ground
- Heating System Uses Propane
- Private Company Owned Well
- Propane Water Heater
Community Details
- 2 Units
- Gross Income $72,000
Listing and Financial Details
- Assessor Parcel Number 1955375
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $1,173 | $42,210 | $42,210 | $0 |
| 2023 | $1,149 | $42,210 | $42,210 | $0 |
| 2022 | $1,123 | $42,210 | $42,210 | $0 |
| 2021 | $1,371 | $42,210 | $42,210 | $0 |
| 2020 | $1,335 | $42,210 | $42,210 | $0 |
| 2019 | $1,285 | $42,210 | $42,210 | $0 |
| 2018 | $1,272 | $42,210 | $42,210 | $0 |
| 2017 | $1,239 | $42,210 | $42,210 | $0 |
| 2016 | $1,686 | $60,060 | $60,060 | $0 |
| 2015 | $1,622 | $60,060 | $60,060 | $0 |
| 2014 | $1,578 | $60,060 | $60,060 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/29/2025 03/29/25 | For Sale | $685,000 | -8.7% | $428 / Sq Ft |
| 03/28/2025 03/28/25 | For Sale | $750,000 | -- | $250 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $107,000 | -- | |
| Warranty Deed | $107,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $117,000 | No Value Available |
Source: SmartMLS
MLS Number: 24084189
APN: GROT-002609-001830-000694
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