NOT LISTED FOR SALE

115 River Rd Preston, CT 06365

Estimated Value: $717,758

165 Acres
$4,350 Price per Acre
7,187,400 Sq Ft Lot

Sale Details

Date Sold: December 15, 2023

Last sale price $625,000

Est. 15% increase in value since last sale

Current estimated payment $3,929 / mo

69 Days on Market

About This Lot

As of December 2023

Welcome to 115 River Road where opportunity abounds! 165 acres of sprawling, majestic and truly stunning property! This beautiful piece of property is on the southern edge of "The last Green Valley National Heritage Corridor in northeastern Connecticut and portions of Massachusetts". This 165 acre farm borders the Quinebaug River in Eastern Ct of which 27 acres are open fields and 138 acres of forestland. Forester's report states that the "property has been well managed for many years and the forest is healthy as a result of sound stewardship". Fields are currently being leased for haying and there is also a maple syrup operation. This property abuts 40 acres of state owned open space land and borders the Quinebaug river of which there is 5800 feet of frontage along the beautiful river! The farm has been in the family for 50 years and the owner's vision has been for a low density sustainable/co-housing development. It has a rural character with rolling hills, farmland and classic New England scenery. It contains some of the largest unbroken forests in Southern New England in a region of Connecticut known as the "Quiet Corner". Schedule your showing today where so many exciting things can be done whether it be your dream home, winery, golf course, bed and breakfast etc., Bring your imagination! PLEASE VIEW VIRTUAL DRONE FOOTAGE ATTACHED. https://harrisonjudd.zenfolio.com/img/s/v-11/o740998707/c1/p1207746483-200.mp4

Last Agent to Sell the Property

Kathy Pupa

William Pitt Sotheby's Int'l License #RES.0797962 Listed on: 11/12/2022

William Pitt Sotheby's Int'l

Last Buyer's Agent

Kathy Pupa

William Pitt Sotheby's Int'l License #RES.0797962 Listed on: 11/12/2022

William Pitt Sotheby's Int'l

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,361

Lot Details

  • 165 Acre Lot
  • The property's road front is unimproved
  • Dirt Road
  • Property is zoned R-60

Location

  • Flood Zone Lot

Listing and Financial Details

  • Assessor Parcel Number 1558756

Property Details

Property Type

Land

Est. Annual Taxes

$1,361

Lot Details

165 Acres

Listing Details

  • Neighborhood: N/A
  • Property Type: Lots and Land For Sale
  • New Construction: No/Resale
  • Nearby Amenities: Lake
  • Association Amenities: None
  • Property Sub Type: Other
  • Direct Waterfront: No
  • Directions: GPS friendly
  • Financing Used: Cash
  • Spec Assoc Asses: No
  • Street Type: Road
  • Special Features: None

Exterior Features

  • Waterfront Description: Pond River
  • Road Frontage Description: Dirt/Gravel Road, Unimproved Road

Utilities

  • Water Source: None
  • Sewer: None
  • Utilities Available: None/Unknown
  • Septic Approval: No
  • Septic Plan Available: No

Lot Info

  • Acres: 165
  • Lot Description: Farm Land Some Wetlands Cleared Secluded Treed
  • Flood Zone: Yes
  • Lot Improvements: None
  • Lots Number Of: 1
  • Zoning: R-60
  • Parcel #: 1558756

Tax Info

  • Property Tax: 1361

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2022
Closed on
Dec 8, 2023
Sold by
Bowles Timothy R
Bought by
South Bend Farm Llc
Seller's Agent
Kathy Pupa
William Pitt Sotheby's Int'l
Buyer's Agent
Kathy Pupa
William Pitt Sotheby's Int'l
List Price
$850,000
Sold Price
$625,000
Premium/Discount to List
-$225,000
-26.47%
Views
78
Current Estimated Value
$717,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,758
Avg. Annual Appreciation
6.09%

Purchase Details

Closed on
Jul 5, 2022
Sold by
Ruta Daniel T
Bought by
Bowles Timothy R

Purchase Details

Closed on
Oct 29, 1985
Bought by
Bowles John A
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
South Bend Farm Llc $625,000 None Available
Bowles Timothy R -- None Available
Bowles John A -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Sold $625,000 -26.5% --
01/20/2023 01/20/23 Pending -- -- --
11/12/2022 11/12/22 For Sale $850,000 -- --
Source: SmartMLS

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 $1,489 $59,300 $59,300 $0
2024 $1,386 $59,300 $59,300 $0
2023 $1,361 $59,300 $59,300 $0
2022 $2,621 $94,000 $94,000 $0
2021 $2,532 $94,000 $94,000 $0
2020 $1,545 $57,450 $57,450 $0
2019 $5,944 $57,450 $57,450 $0
2018 $1,495 $57,450 $57,450 $0
2017 $1,379 $57,450 $57,450 $0
2016 $603 $25,400 $25,400 $0
2015 $584 $25,400 $25,400 $0
2014 $588 $25,400 $25,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170535508

SmartMLS

APN: PRES-000020-R000001IV000115

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