NOT LISTED FOR SALE

124 Fort Hill Rd Groton, CT 06340

Estimated Value: $358,344

2 Beds
3 Baths
2,816 Sq Ft
$127/Sq Ft Est. Value

Last Sold March 08, 2024

Last sale price $315,000 $112 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,270/month

117 Days on Market

Highlights

  • Property is near public transit
  • Accessible Ramps
  • Central Air
  • Attic
  • Public Transportation
  • 3-minute walk to Tercentennial Legacy Playground

About This Home

As of March 2024

A Mixed Use property. Commercial offices on the first floor and apartments on the second floor. Highly visible and high-traffic free-standing building on Route 1 in Groton with a large parking lot in the rear. The current layout first floor includes two private offices, a shared bathroom, and a front and back foyer on the first floor. Ramp on the back of the building makes the building handicap accessible. Currently, only front office space is being rented. The second floor can be used for residential, rental, or additional office space. A full kitchen, full bath and 3 rooms can be used as flexible space as needed. A private entrance is available for the second floor. In close proximity to the busy Poquonock Bridge area, schools, Pfizer and Electric Boat. Parking for approximately 10-12 cars. Office Furniture is negotiable.

Last Agent to Sell the Property

Lian Obrey

RE/MAX Legends License #REB.0504250 Listed on: 06/30/2023

RE/MAX Legends

Co-Listed By

Jennifer Obrey

RE/MAX Legends License #RES.0820155

RE/MAX Legends

Last Buyer's Agent

Jennifer Obrey

RE/MAX Legends License #RES.0820155

RE/MAX Legends

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,522

Year Built

  • Built in 1927

Lot Details

  • 0.35 Acre Lot
  • Level Lot

Home Design

  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,816 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms

Attic

  • Walkup Attic
  • Unfinished Attic

Parking

  • 12 Parking Spaces
  • Private Driveway

Accessible Home Design

  • Accessible Ramps
  • Multiple Entries or Exits

Location

  • Property is near public transit
  • Property is near a golf course

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heat Pump System
  • Heating System Uses Oil Above Ground
  • Heating System Uses Propane

Community Details

  • 3 Units
  • Public Transportation

Listing and Financial Details

  • Assessor Parcel Number 1954506

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,522

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Neighborhood: Poquonock Bridge
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2816
  • Total Sq Ft: 2816
  • Year Built: 1927
  • New Construction: No/Resale
  • Nearby Amenities: Golf Course, Library, Medical Facilities, Park, Playground/Tot Lot, Public Transportation
  • Property Sub Type: Other
  • Handicap Features: Multiple Entries/Exits, Ramps
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: Unknown
  • Public Record Gross Sq Ft: 2816
  • Directions: GPS friendly - Take Rt 117 from I95. Turn left onto Route 1 and property is on the left before the fields.
  • Financing Used: Conventional Fixed
  • Street Type: Road
  • Special Features: None

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 2
  • Attic Description: Walk-up, Unfinished
  • Basement Description: Full
  • Attic: Yes
  • Street Number Modifier: 124

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Driveway Type: Private
  • Total Parking Spaces: 12
  • Garage And Parking: Paved, Off Street Parking

Utilities

  • Cooling System: Central Air, Window Unit
  • Heat Type: Heat Pump
  • Heat Fuel Type: Electric, Propane
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Other
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

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

Lot Info

  • Acres: 0.35
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: MVC
  • Parcel #: 1954506

Multi Family

  • Total Number Of Units: 3
  • Unit Count: 3

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 3522
  • Total Assessed Value: 129360
  • Mil Rate Total: 27.23

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2023
Closed on
Mar 8, 2024
Sold by
Sig Re Holdings Llc
Bought by
124 Fort Hil Troad Llc
Seller's Agent
Lian Obrey
RE/MAX Legends
Buyer's Agent
Jennifer Obrey
RE/MAX Legends
List Price
$345,000
Sold Price
$315,000
Premium/Discount to List
-$30,000
-8.7%
Views
373
Current Estimated Value
$358,344

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,344
Avg. Annual Appreciation
9.17%
Original Mortgage
$252,000
Outstanding Balance
$243,571
Interest Rate
6.64%
Mortgage Type
Commercial
Estimated Equity
$114,773

Purchase Details

Closed on
Dec 15, 2020
Sold by
Sig Realty Llc
Bought by
Sig Re Holdings Llc

Purchase Details

Closed on
Apr 15, 2004
Sold by
Palmer Mark
Bought by
Sig Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
5.58%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
124 Fort Hil Troad Llc $315,000 None Available
124 Fort Hil Troad Llc $315,000 None Available
Sig Re Holdings Llc -- None Available
Sig Re Holdings Llc -- None Available
Sig Realty Llc $250,000 --
Sig Realty Llc $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 124 Fort Hill Road Llc $252,000
Closed 124 Fort Hil Troad Llc $252,000
Previous Owner Sig Realty Llc $620,000
Previous Owner Sig Realty Llc $250,000
Previous Owner Palmar Mark $430,000
Previous Owner Palmar Mark $57,000
Previous Owner Palmar Mark $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2024 03/08/24 Sold $315,000 -8.7% $112 / Sq Ft
10/25/2023 10/25/23 Pending -- -- --
09/08/2023 09/08/23 For Sale $345,000 +9.5% $123 / Sq Ft
09/07/2023 09/07/23 Off Market $315,000 -- --
06/30/2023 06/30/23 For Sale $345,000 -- $123 / 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 $3,817 $129,360 $103,488 $25,872
2024 $3,594 $129,360 $103,488 $25,872
2023 $3,522 $129,360 $92,400 $36,960
2022 $3,441 $129,360 $92,400 $36,960
2021 $5,971 $183,890 $84,000 $99,890
2020 $5,815 $183,890 $84,000 $99,890
2019 $5,599 $183,890 $84,000 $99,890
2018 $5,542 $183,890 $84,000 $99,890
2017 $5,399 $183,890 $84,000 $99,890
2016 $5,126 $182,560 $84,000 $98,560
Source: Public Records

Agents Affiliated with this Home

  • Lian Obrey

    Seller's Agent in 2024

    Lian Obrey

    RE/MAX

    (860) 235-5459

    26 in this area

    65 Total Sales

    Lian Obrey
    Section Image

  • J

    Seller Co-Listing Agent in 2024

    Jennifer Obrey

    RE/MAX

    (860) 451-8000

    14 in this area

    35 Total Sales

    Jennifer Obrey
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170581427

SmartMLS

APN: GROT-001698-000887-005879

Connecticut New London County Groton 06340

124 Fort Hill Rd, Groton, CT

This home is located at 124 Fort Hill Rd, Groton, CT 06340 since 30 June 2023 and is currently estimated at $358,344, approximately $127 per square foot. This property was built in 1927. 124 Fort Hill Rd is a home located in New London County with nearby schools including Claude Chester 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.

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.

Nearby Homes