NOT LISTED FOR SALE

15 1/2 Water St Unit 4 Mystic, CT 06355

Mystic Historic District Neighborhood

Estimated Value: $782,307 - $995,000

2 Beds
2 Baths
1,314 Sq Ft
$400/mo HOA Fee

Last Sold June 16, 2015

Last sale price $522,000 $397 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $6,220/month

11 Days on Market

Highlights

  • 24-Hour Security
  • River Front
  • Contemporary Architecture
  • Medical Services
  • Open Floorplan
  • End Unit

About This Home

As of June 2015

Enjoy contemporary condo living in downtown Mystic. Direct waterfront on the Mystic River, this beautifully updated unit in the historic Power House building has spectacular , year-round views from each window of the active waterfront and Mystic Arts Center's park-like grounds. This 2 bedroom and 2 bathroom waterfront apartment has been professionally updated with a new kitchen featuring custom cabinets , high-end stainless steel appliances, and Caesar Stone counters. Open floor plan, light and airy with exquisite ,contemporary bathrooms, gleaming hardwood floors throughout, ample storage, a convenient private laundry room, safe and secure enclosed parking, even an elevator - these are some of the unique features of the gorgeous condo. This is a terrific location on the quiet side of downtown Mystic, with nearby restaurants, shops, even an adjacent slip for your boat is available if you so desire. Professionally managed and maintained. This property is ADA compliant. Please call for a private showing.

Last Agent to Sell the Property

Stella Neves-Elbaum

William Raveis Real Estate License #RES.0777561 Listed on: 04/06/2015

Last Buyer's Agent

Peter McDonnell

Compass License #RES.0788920

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,051

Year Built

  • Built in 1830

Lot Details

  • River Front
  • End Unit

HOA Fees

  • $400 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Masonry Siding

Interior Spaces

  • 1,314 Sq Ft Home
  • Open Floorplan

Kitchen

  • Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Garage Access
  • Shared Basement
  • Basement Storage

Parking

  • 1 Car Garage
  • Handicap Parking
  • Basement Garage
  • Tuck Under Garage
  • Automatic Garage Door Opener
  • Driveway
  • Guest Parking
  • Visitor Parking
  • Parking Garage Space

Accessible Home Design

  • Halls are 36 inches wide or more
  • Multiple Entries or Exits
  • Hard or Low Nap Flooring

Outdoor Features

  • Exterior Lighting
  • Outdoor Grill

Location

  • Flood Zone Lot
  • Property is near a bus stop

Schools

  • S.B. Butler Elementary School
  • Fitch Senior High School

Utilities

  • Central Air
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

  • Association fees include grounds maintenance, insurance, property management, security service, snow removal, taxes, trash pickup, water
  • 16 Units
  • Power House Community
  • Property managed by Coastal Funding Comp

Recreation

  • Community Playground
  • Park

Pet Policy

  • Pets Allowed

Additional Features

  • Medical Services
  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,051

Year Built

Built in 1830

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Neighborhood: Mystic
  • Property Type: Condo/Co-Op For Sale
  • Potential Short Sale: No
  • Style: Contemporary
  • Total Sq Ft: 1314
  • Year Built: 1830
  • Nearby Amenities: Library, Medical Facilities, Park, Playground/Tot Lot, Walk to Bus Lines
  • Association Amenities: Guest Parking, Medical Facilities, Park, Playground/Tot Lot
  • Property Sub Type: Condominium
  • Handicap Features: Exterior Curb Cuts, Hallways 36+ Inches Wide, Handicap Parking, Hard/Low Nap Floors, Multiple Entries/Exits
  • Direct Waterfront: Yes
  • End Unit: Yes
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Unit On Floor Number: 1
  • Directions: I-95 to exit 89, to downtown Mystic, right on Water Street. After Mystic Arts Center, turn left into first driveway. Building is set back near the Mystic River,park in private guest lot.
  • Special Features: None

Interior Features

  • Room Count: 6
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Description: Garage Access, Shared Basement, Storage
  • Interior Amenities: Cable - Available, Auto Garage Door Opener, Elevator, Open Floor Plan
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range, Refrigerator, Range Hood, Washer
  • Additional Rooms: Laundry Room
  • Laundry Room Location: First Floor
  • Attic: No
  • Street Number Modifier: 15 1/2

Exterior Features

  • Exterior Features: Grill, Lighting, Outside Storage Area, Sidewalk, Underground Utilities
  • Exterior Siding: Brick
  • Waterfront Description: Access, Frontage, River
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Assigned Parking, Parking Garage, Security, Under House Garage
  • Garages Number: 1
  • Driveway Type: Asphalt
  • Total Parking Spaces: 2

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Insurance, Property Management, Security Service, Snow Removal, Taxes, Trash Pickup, Water
  • Complex Name: Power House
  • Levels In Unit: 4
  • HOA Fees: 400
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Management Type: Professional-Off Site
  • Property Manager Email: dferris@coastalfunding.com
  • Property Manager Name: Debra Ferris
  • Property Manager Phone: 860.572.5900 X22
  • Property Mgt Company Name: Coastal Funding Comp
  • Property Mgt Phone: 8605725900

Schools

  • Elementary School: S.B. Butler
  • High School: Fitch Senior

Lot Info

  • Flood Zone: Yes
  • Property Info: Gated Community

Rental Info

  • Pets Allowed Info: HOA must approve
  • Lease Purchase: No
  • Pets Allowed: Yes

Tax Info

  • Tax Year: July 2014-June 2015
  • Property Tax: 6051
  • Total Assessed Value: 300580
  • Mil Rate Total: 20.130
  • Assessor Parcel Number: 2239668

Multi Family

  • Total Num Of Units: 16

MLS Schools

  • Elementary School: S.B. Butler
  • High School: Fitch Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2021
Sold by
Sebastian Shirley A
Bought by
Shirley A Sebastia Ret
Current Estimated Value
$882,769

Purchase Details

Listed on
Apr 6, 2015
Closed on
Jun 17, 2015
Sold by
Levinson Ivan P and Levinson Eleanor R
Bought by
Sebastian Shirley A
Seller's Agent
Stella Neves-Elbaum
William Raveis Real Estate
Buyer's Agent
Peter McDonnell
Compass
List Price
$539,900
Sold Price
$522,000
Premium/Discount to List
-$17,900
-3.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.92%
Original Mortgage
$350,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 7, 2007
Sold by
Gutt Robert E and Gutt Jane H
Bought by
Levinson Eleanor R and Levinson Ivan P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Shirley A Sebastia Ret -- None Available
Sebastian Shirley A $522,000 --
Levinson Eleanor R $480,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sebastian Shirley A $300,000
Previous Owner Sebastian Shirley A $350,000
Previous Owner Levinson Eleanor R $290,000
Previous Owner Levinson Eleanor R $368,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2015 06/16/15 Sold $522,000 -3.3% $397 / Sq Ft
04/17/2015 04/17/15 Pending -- -- --
04/06/2015 04/06/15 For Sale $539,900 -- $411 / 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 $12,562 $461,510 $138,453 $323,057
2024 $11,670 $461,510 $138,453 $323,057
2023 $11,217 $461,510 $0 $461,510
2022 $10,972 $461,510 $0 $461,510
2021 $9,014 $319,970 $0 $319,970
2020 $8,940 $319,970 $0 $319,970
2019 $8,553 $319,970 $0 $319,970
2018 $8,450 $319,970 $0 $319,970
2017 $8,294 $319,970 $0 $319,970
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Stella Neves-Elbaum

    William Raveis Real Estate

    Section Image

  • P

    Buyer's Agent in 2015

    Peter McDonnell

    Compass

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Map

Source: SmartMLS

MLS Number: E10033387

SmartMLS

APN: GROT-002619-001830-007079-000004

Connecticut New London County Mystic 06355 Mystic Historic District

15 1/2 Water St Unit 4, Mystic, CT

This home is located at 15 1/2 Water St Unit 4, Mystic, CT 06355 since 06 April 2015 and is currently estimated at $882,769, approximately $671 per square foot. This property was built in 1830. 15 1/2 Water St Unit 4 is a home located in New London County with nearby schools including Northeast Academy Arts Magnet School, Groton Middle School, and Robert E. Fitch High School.

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