NOT LISTED FOR SALE

11 Industrial Rd Prospect, CT 06712

Estimated Value: $518,248

1 Acre
$518,248 Price per Acre
43,560 Sq Ft Lot

Last Sold February 13, 2020

Last sale price $310,000

Est. 67% increase in value since last sale

Current estimated payment $3,412/month

225 Days on Market

About This Lot

As of February 2020

Commerical Flex Space in pristine condition with two floors in Industrial Zone in Prospect Industrial Park off RT68. Formerly ESI Electronic Products Corp. from 1988 till 2019. The main floor is 3,780 sq ft and has an office side 40'x40' with 92" ceiling height and the warehouse side is 50'x40 with a 30x6 vestibule, 136" ceiling height, 12'x10' garage door and 28" loading dock. There is an 800 sq ft mezzanine over the office with a 7 ft height ceiling tapering down. The lower level is 3,780 with a garage door 80"x103" and an outdoor loading dock 32" high. Property has oil heat with two furnaces and two 275 gallon oil tanks. 400 amp,3 phase, 4 wire service and is plumbed for an air compressor. Ceramic coated 10 year old roof. Natural gas is in the street. There are approximately 22 parking spots and property is accessible to tractor trailers. Phase 1 and 2 reports are available from 1988.

Last Agent to Sell the Property

Don Orsini

Don Orsini Realty, LLC License #REB.0795103 Listed on: 07/03/2019

Last Buyer's Agent

Non Member

Non-Member

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,592

Lot Details

  • 1 Acre Lot
  • Property fronts a state road
  • Level Lot
  • Property is zoned IND-1

Schools

  • Prospect Elementary School
  • Woodland Regional High School

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$6,592

Lot Details

0

Listing Details

  • Property Type: Lots and Land For Sale
  • Property Sub Type: Industrial Land
  • Direct Waterfront: No
  • Tax Year Updated Dt: 08/05/2019
  • Directions: RT68 to Industrial Road Prospect
  • Special Features: None

Exterior Features

  • Road Frontage Description: State Road

Utilities

  • Water Source: Public Water Connected
  • Sewer: Septic
  • Utilities Available: Electric
  • Septic Approval: Yes
  • Septic Plan Available: Yes

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 1.0000
  • Lot Description: Level Lot, Sloping Lot
  • Lots Number Of: 1
  • Zoning: IND-1

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 6592
  • Mil Rate Base: 30.950
  • Assessor Parcel Number: 1316270

MLS Schools

  • Elementary School: Prospect
  • High School: Woodland Regional

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2019
Closed on
Feb 13, 2020
Sold by
Sundermeyer Frank D
Bought by
Migliaro John
Seller's Agent
Don Orsini
Don Orsini Realty, LLC
Buyer's Agent
Non Member
Non-Member
List Price
$475,000
Sold Price
$310,000
Premium/Discount to List
-$165,000
-34.74%
Current Estimated Value
$518,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,248
Avg. Annual Appreciation
9.20%
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
Migliaro John $310,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2020 02/13/20 Sold $310,000 -11.2% --
11/01/2019 11/01/19 Price Changed $349,000 -11.6% --
10/09/2019 10/09/19 Price Changed $395,000 -7.1% --
09/12/2019 09/12/19 Price Changed $425,000 -10.5% --
07/03/2019 07/03/19 For Sale $475,000 -- --
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 $8,234 $322,000 $80,500 $241,500
2024 $6,979 $217,150 $68,600 $148,550
2023 $6,931 $217,150 $68,600 $148,550
2022 $6,938 $217,150 $68,600 $148,550
2021 $7,014 $217,150 $68,600 $148,550
2020 $6,731 $213,000 $70,000 $143,000
2019 $6,592 $213,000 $70,000 $143,000
2018 $6,603 $213,000 $70,000 $143,000
2017 $6,656 $213,000 $70,000 $143,000
2016 $6,371 $213,000 $70,000 $143,000
2015 $6,227 $213,050 $70,010 $143,040
2014 $6,174 $213,050 $70,010 $143,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170213723

SmartMLS

APN: PROS-000105-000068-000011