NOT LISTED FOR SALE

106 River Rd Lisbon, CT 06351

Lisbon Neighborhood

Estimated Value: $392,469

2.2 Acres
$178,395 Price per Acre
95,832 Sq Ft Lot

Last Sold December 30, 2015

Last sale price $550,000 $294 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $2,469/month

350 Days on Market

Highlights

  • 2.2 Acre Lot
  • Partially Wooded Lot
  • No HOA

About This Lot

As of December 2015

Two parcels equaling 5.06 acre of prime development land. Possible uses: Retail business, i.e. apparel, drug, grocery, restaurant, bar, liquor store, magazine, tobacco. Financial institutions, insurance, government office, business and medical office/clinic, hair salon, repair shop, and many more uses. Site has an existing 2,500sf +/- office building on it. Land located in the heart of the busy retail district with easy access to I-395 (Exit 84). Just down the street from Lisbon Landing and Lisbon Crossing.

Last Agent to Sell the Property

Steve Becker

Pequot Commercial Real Estate License #RES.0768325 Listed on: 01/14/2015

Last Buyer's Agent

Paul Branca

Branca Realty License #REB.0072324

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $11,162

Lot Details

  • 2.2 Acre Lot
  • Property fronts a state road
  • Partially Wooded Lot
  • Property is zoned Business

Interior Spaces

  • 1,869 Sq Ft Home

Schools

  • Pboe High School

Utilities

  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$11,162

Lot Details

0

Listing Details

  • Property Type: Lots and Land For Sale
  • Potential Short Sale: No
  • Total Sq Ft: 1869
  • Property Sub Type: Commercial Land
  • Direct Waterfront: No
  • Directions: I-395 Exit 84. North on River Road (aka Route 12). Property close to exit ramp, on right.
  • Special Features: None

Interior Features

  • Street Number Modifier: 106

Exterior Features

  • Road Frontage Description: Paved Road, State Road
  • Road Frontage Approximate: 200

Utilities

  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Utilities Available: Cable, Electric, Telephone
  • Septic Approval: No
  • Septic Plan Available: No

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 2.2000
  • Lot Description: Lightly Wooded
  • Development Status: Raw Land
  • Elevation Certificate: No
  • Potential Land Uses: Office Building, Retail
  • Subdividable Ynu: No
  • Zoning: Business

Tax Info

  • Tax Year: July 2015-June 2016
  • Property Tax: 11162
  • Total Assessed Value: 572400
  • Mil Rate Total: 19.500
  • Assessor Parcel Number: 1519694

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2015
Closed on
Dec 30, 2015
Sold by
Wells Fargo Bank Na
Bought by
River Rd Investment Pr
Seller's Agent
Steve Becker
Pequot Commercial Real Estate
Buyer's Agent
Paul Branca
Branca Realty
List Price
$675,000
Sold Price
$550,000
Premium/Discount to List
-$125,000
-18.52%
Current Estimated Value
$392,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$157,531
Avg. Annual Appreciation
-3.27%
Original Mortgage
$440,000
Outstanding Balance
$258,013
Interest Rate
3.98%
Estimated Equity
$141,581

Purchase Details

Closed on
May 23, 2005
Sold by
Gran-Lee Llc
Bought by
Lisbon Land Assoc
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
River Rd Investment Pr $550,000 --
Lisbon Land Assoc $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gosselin Albert $440,000
Previous Owner Gosselin Albert $305,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2015 12/30/15 Sold $550,000 -18.5% $294 / Sq Ft
12/30/2015 12/30/15 Pending -- -- --
01/14/2015 01/14/15 For Sale $675,000 -- $361 / Sq Ft
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 $3,850 $144,200 $144,200 $0
2024 $3,667 $144,200 $144,200 $0
2023 $3,379 $144,200 $144,200 $0
2022 $3,206 $144,200 $144,200 $0
2021 $3,350 $144,200 $144,200 $0
2020 $3,350 $144,200 $144,200 $0
2019 $3,350 $144,200 $144,200 $0
2018 $3,245 $144,200 $144,200 $0
2017 $3,245 $144,200 $144,200 $0
2014 $3,003 $154,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Steve Becker

    Pequot Commercial Real Estate

    Section Image

  • P

    Buyer's Agent in 2015

    Paul Branca

    Branca Realty

See All Agents

Map

Source: SmartMLS

MLS Number: E10015440

SmartMLS

APN: LISB-000020-000008

Connecticut New London County Lisbon 06351 Lisbon

106 River Rd, Lisbon, CT

This home is located at 106 River Rd, Lisbon, CT 06351 since 14 January 2015 and is currently estimated at $392,469, approximately $209 per square foot. 106 River Rd is a home located in New London County with nearby schools including Lisbon Central School and St. Maryour Lady of the Rosary.

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.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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