NOT LISTED FOR SALE

1048 River Rd Mystic, CT 06355

Old Mystic Neighborhood

Estimated Value: $856,000 - $1,005,853

1.84 Acres
$522,398 Price per Acre
80,150 Sq Ft Lot

Last Sold December 09, 2024

Last sale price $1,000,000

Est. 4% decrease in value since last sale

Current estimated payment $6,277/month

425 Days on Market

Highlights

  • Waterfront
  • 1.84 Acre Lot
  • Property is near shops

About This Lot

As of December 2024

Discover an unmatched and rare find, waterfront living experience on this 1.84-acre approved building lot in idyllic Mystic, CT. With 600 feet of prime water frontage on the scenic Mystic River, this property ensures breathtaking views and includes an approved dock and new dock plans, setting the stage for a waterfront paradise. Unparalleled views take center stage and the sunrise and sunset will serve as a daily reminder of the beauty of waterfront living. Beyond the water's edge, enjoy Mystic's charming downtown with its boutique stores, eclectic cuisine, and rich history. Engage in the unique, vibrant culture, all while residing in your peaceful waterfront haven. The property presents a rare opportunity to shape your own slice of waterfront paradise. This unique blend of waterfront living and local cultural vibrancy is seldom found, making it the perfect canvas for those seeking that lifestyle. Your dream waterfront life starts here. There is an existing home on premises. Buyers responsibility will be to demo the existing structure to make space for your new build, or a complete renovation of the existing home as your primary residence or renovate as an ADU to compliment your new home. (Must seek Town Approval). -

Last Agent to Sell the Property

Jeff Rizer

Seaport Real Estate Services License #RES.0825850 Listed on: 10/07/2023

Co-Listed By

Cole Rizer

Seaport Real Estate Services License #RES.0826924

Last Buyer's Agent

Laurie Hayes-Hagstrom

On The Move Realty, LLC License #REB.0788441

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,708

Lot Details

  • 1.84 Acre Lot
  • Waterfront
  • Property is zoned RU-80

Location

  • Flood Zone Lot
  • Property is near shops

Schools

  • Fitch Senior High School

Utilities

  • Well Required

Listing and Financial Details

  • Assessor Parcel Number 2819401

Property Details

Property Type

Land

Est. Annual Taxes

$10,708

Lot Details

0

Listing Details

  • Neighborhood: Mystic
  • Property Type: Lots and Land For Sale
  • New Construction: No/Resale
  • Nearby Amenities: Shopping/Mall
  • Property Sub Type: Residential Land
  • Direct Waterfront: Yes
  • Directions: Pearl Street, Left on Starr Street, Right on to River Road
  • Financing Used: Cash
  • Street Type: Road
  • Special Features: None

Interior Features

  • Street Number Modifier: 1048

Exterior Features

  • Waterfront Description: Harbor River Dock or Mooring View
  • Road Frontage Description: Municipal Street
  • Road Frontage Approximate: 210

Utilities

  • Water Source: Well Required
  • Sewer: Septic Required
  • Utilities Available: Electric
  • Septic Approval: No
  • Septic Plan Available: No

Schools

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

Lot Info

  • Acres: 1.84
  • Lot Description: Water View Open Lot
  • Elevation Certificate: No
  • Flood Zone: Yes
  • Lot Improvements: Approved Building Lot
  • Lots Number Of: 1
  • Subdividable Ynu: No
  • Zoning: RU-80
  • Parcel #: 2819401

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 10708
  • Total Assessed Value: 418600
  • Mil Rate Total: 25.58

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2023
Closed on
Dec 9, 2024
Sold by
1048 River Road Llc
Bought by
Rubino David
Seller's Agent
Jeff Rizer
Seaport Real Estate Services
Buyer's Agent
Laurie Hayes-Hagstrom
On The Move Realty, LLC
List Price
$1,200,000
Sold Price
$1,000,000
Premium/Discount to List
-$200,000
-16.67%
Views
1567
Current Estimated Value
$961,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$38,787
Avg. Annual Appreciation
-6.38%
Original Mortgage
$430,000
Outstanding Balance
$427,255
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$533,958

Purchase Details

Closed on
Sep 29, 2023
Sold by
1034 River Road Llc
Bought by
1048 River Road Llc
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
Rubino David $1,000,000 None Available
Rubino David $1,000,000 None Available
1048 River Road Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rubino David $430,000
Closed Rubino David $430,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2024 12/09/24 Sold $1,000,000 -9.1% --
04/12/2024 04/12/24 Price Changed $1,100,000 -8.3% --
10/10/2023 10/10/23 For Sale $1,200,000 -- --
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 $11,432 $418,600 $365,582 $53,018
2024 $10,708 $418,600 $365,582 $53,018
Source: Public Records

Agents Affiliated with this Home

  • Jeff Rizer

    Seller's Agent in 2024

    Jeff Rizer

    Seaport Real Estate Services

    (860) 377-0872

    2 in this area

    18 Total Sales

    Jeff Rizer
    Section Image

  • C

    Seller Co-Listing Agent in 2024

    Cole Rizer

    Seaport Real Estate Services

    (860) 245-9200

    2 in this area

    7 Total Sales

    Cole Rizer
    Section Image
  • Laurie Hayes-Hagstrom

    Buyer's Agent in 2024

    Laurie Hayes-Hagstrom

    On The Move Realty, LLC

    (860) 608-4867

    2 in this area

    272 Total Sales

    Laurie Hayes-Hagstrom
    Section Image
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Map

Source: SmartMLS

MLS Number: 170602264

SmartMLS

APN: GROT M:271019516720

Connecticut New London County Mystic 06355 Old Mystic

1048 River Rd, Mystic, CT

This home is located at 1048 River Rd, Mystic, CT 06355 since 07 October 2023 and is currently estimated at $961,213. 1048 River Rd is a home located in New London County with nearby schools including Northeast Academy Arts Magnet School, Groton Middle School, and Robert E. Fitch High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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