NOT LISTED FOR SALE

1402 Old Colchester Rd Oak Dale, CT 06370

Estimated Value: $325,000 - $609,900

31.56 Acres
$16,220 Price per Acre
1,374,889 Sq Ft Lot

Last Sold February 02, 2016

Last sale price $80,000

Est. 540% increase in value since last sale

Current estimated payment $3,398/month

181 Days on Market

Highlights

  • 31.56 Acre Lot
  • No HOA
  • Many Trees
  • Secluded Lot

About This Lot

As of February 2016

This beautiful wooded private building lot is one of the largest lots located in the Oxiby Farms sub-division. The present owners applied and were granted to have 25 acres of the land placed in Forestry under PA490 so they pay lower taxes. This option would be available for a new owner to apply for also. There is a private drive leading to the property that is shared by 5 homes.

Last Agent to Sell the Property

Joanne Pendleton

RE/MAX One License #REB.0757594 Listed on: 07/01/2015

Last Buyer's Agent

Clifford Stamm

Century 21 North East License #REB.0788522

Century 21 North East

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,866

Lot Details

  • 31.56 Acre Lot
  • Property fronts a private road
  • Dirt Road
  • Secluded Lot
  • Many Trees

Schools

  • Oakdale Elementary School
  • Montville High School

Utilities

  • Well Required

Community Details

  • No Home Owners Association
  • Oxiby Farm Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$1,866

Lot Details

0

Listing Details

  • Neighborhood: Oakdale
  • Property Type: Lots and Land For Sale
  • Potential Short Sale: No
  • Property Sub Type: Residential Land
  • Direct Waterfront: No
  • Encumbrances Restrictions: Easements, Lot Restriction(s)
  • Directions: North on Old Colchester Road. Watch for sign designating 1402
  • Special Features: None

Exterior Features

  • Road Frontage Description: Dirt/Gravel Road, Private Road

Utilities

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

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 31.5631
  • Lot Description: Secluded, Treed
  • Development Status: Approved Lot
  • Potential Land Uses: Single Family
  • Subdividable Ynu: No
  • Zoning: Residential

Tax Info

  • Tax Year: July 2015-June 2016
  • Property Tax: 1866
  • Assessor Parcel Number: 2272586

MLS Schools

  • Elementary School: Oakdale
  • High School: Montville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2016
Sold by
Gagnon Daniel P and Gagnon Susan P
Bought by
Gallup Jason
Current Estimated Value
$511,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Outstanding Balance
$227,955
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$284,012

Purchase Details

Listed on
Jul 1, 2015
Closed on
Feb 2, 2016
Sold by
Stoute Harvey N and Stoute Linda A
Bought by
Gagnon Daniel P and Gagnon Susan P
Seller's Agent
Joanne Pendleton
RE/MAX One
Buyer's Agent
Clifford Stamm
Century 21 North East
List Price
$89,900
Sold Price
$80,000
Premium/Discount to List
-$9,900
-11.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.76%

Purchase Details

Closed on
Feb 6, 2002
Sold by
Oxiby Farm Llc
Bought by
Stoute Harvey and Stoute Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
7.13%
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
Gallup Jason $82,000 --
Gallup Jason $82,000 --
Gagnon Daniel P $80,000 --
Gagnon Daniel P $80,000 --
Stoute Harvey $85,000 --
Stoute Harvey $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallup Jason $285,000
Closed Gallup Jason $285,000
Previous Owner Stoute Harvey $68,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2016 02/02/16 Sold $80,000 -11.0% --
12/29/2015 12/29/15 Pending -- -- --
07/01/2015 07/01/15 For Sale $89,900 -- --
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 $8,431 $292,040 $48,790 $243,250
2024 $8,110 $292,040 $48,790 $243,250
2023 $8,110 $292,040 $48,790 $243,250
2022 $7,800 $292,040 $48,790 $243,250
2021 $6,950 $218,910 $38,520 $180,390
2020 $7,088 $218,910 $38,520 $180,390
2019 $7,117 $218,910 $38,520 $180,390
2018 $6,946 $218,910 $38,520 $180,390
2017 $6,939 $218,910 $38,520 $180,390
2016 $4,335 $141,620 $141,620 $0
2015 $1,694 $56,300 $56,300 $0
2014 $1,654 $56,300 $56,300 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Joanne Pendleton

    RE/MAX

  • C

    Buyer's Agent in 2016

    Clifford Stamm

    Century 21 North East

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Map

Source: SmartMLS

MLS Number: E10060727

SmartMLS

APN: MONT-000043-000029

Connecticut New London County Montville 06370

1402 Old Colchester Rd, Montville, CT

Not Listed for Sale

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