$57,000
SOLD MAR 3, 2021

15 Drawbridge Rd Preston, CT 06365

0.49 Acre
$116,327 Price per Acre
21,344 Sq Ft Lot

Recently Sold

$3 Per Sq Ft

12% Below List Price

126 Days on Market

Highlights

  • Public Water Access
  • Partially Wooded Lot
  • No HOA
  • Waterfront
  • Corner Lot
  • Cul-De-Sac

About This Lot

As of December 2021

BEAUTIFUL, LEVEL, CORNER LOT W/ WATERVIEWS in NEIGHBORHOOD SETTING WALKING DISTANCE to THAMES RIVER & POQUETANUCK COVE! Partially Cleared Lot Surrounded By Beautiful Evergreens w/ Public Water Already on Site. Located in The Happyland Area of Preston. NOT in a Flood Zone. Low Tax Town Only Minutes to Subbase, EB, Pfizer, Casinos, Coastguard, Hwy Access, & Shopping!

Last Agent to Sell the Property

Kim Malek

Malek Real Estate License #REB.0792549 Listed on: 09/26/2020

Last Buyer's Agent

John Troland

William Raveis Real Estate License #RES.0793858

William Raveis Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,052

Lot Details

  • 0.49 Acre Lot
  • Waterfront
  • Cul-De-Sac
  • Corner Lot
  • Level Lot
  • Cleared Lot
  • Partially Wooded Lot
  • Property is zoned R-40

Additional Features

  • Water Views
  • Property is near shops

Community Details

Overview

  • No Home Owners Association
  • Happyland Subdivision

Recreation

  • Public Water Access
  • Walking Distance to Water

Property Details

Property Type

Land

Est. Annual Taxes

$1,052

Lot Details

0

Listing Details

  • Neighborhood: Poquetanuck
  • Property Type: Lots and Land For Sale
  • Nearby Amenities: Medical Facilities, Park, Shopping/Mall, Stables/Riding, Tennis Courts
  • Property Sub Type: Residential Land
  • Direct Waterfront: No
  • Directions: Route 12 (Military Hwy) to Drawbridge. Property on left (Corner Lot). From Gales Ferry: Just Over the Preston Town Line Drawbridge RD on Left : From I95 Exit 79A; Right Onto Rt 12. Drawbridge Rd on Right
  • Special Features: None

Interior Features

  • Street Number Modifier: 15

Exterior Features

  • Waterfront Description: Water Community, View, Walk to Water
  • Road Frontage Description: Cul-De-Sac, Paved Road
  • Road Frontage Approximate: 155

Utilities

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

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

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

Lot Info

  • Acres: 0.4900
  • Lot Description: On Cul-De-Sac, Cleared, Water View, Corner Lot, Level Lot, Lightly Wooded
  • Lots Number Of: 1
  • Zoning: R-40

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 1052
  • Total Assessed Value: 39100
  • Mil Rate Base: 26.900
  • Mil Rate Total: 26.900
  • Assessor Parcel Number: 1560731

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
Sep 26, 2020
Closed on
Mar 2, 2021
Sold by
Happyland Properties Llc
Bought by
Integrity Properties Grp
Seller's Agent
Kim Malek
Malek Real Estate
Buyer's Agent
John Troland
William Raveis Real Estate
List Price
$65,000
Sold Price
$57,000
Premium/Discount to List
-$8,000
-12.31%
Current Estimated Value
$443,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$386,565
Avg. Annual Appreciation
70.57%
Original Mortgage
$270,000
Outstanding Balance
$244,770
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$358,958

Purchase Details

Closed on
Jul 22, 2019
Sold by
Schulz Theodore O and Schulz Timothy H
Bought by
Happyland Properties Llc

Purchase Details

Closed on
Feb 7, 2014
Sold by
Schulz Teresa A
Bought by
Schulz Theodore O
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $57,000 None Available
Quit Claim Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $270,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2021 12/27/21 Sold $370,000 -1.3% $196 / Sq Ft
11/12/2021 11/12/21 Price Changed $374,900 -2.6% $198 / Sq Ft
11/07/2021 11/07/21 Price Changed $384,900 -3.8% $204 / Sq Ft
10/26/2021 10/26/21 For Sale $399,900 +601.6% $212 / Sq Ft
03/03/2021 03/03/21 Sold $57,000 -8.8% $3 / Sq Ft
01/30/2021 01/30/21 Pending -- -- --
12/03/2020 12/03/20 Price Changed $62,500 -3.8% $3 / Sq Ft
09/26/2020 09/26/20 For Sale $65,000 -- $3 / 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
2024 $5,076 $217,210 $45,010 $172,200
2023 $4,985 $217,210 $45,010 $172,200
2022 $5,849 $209,800 $39,100 $170,700
2021 $1,053 $39,100 $39,100 $0
2020 $1,052 $39,100 $39,100 $0
2019 $1,033 $39,100 $39,100 $0
2018 $1,018 $39,100 $39,100 $0
2017 $938 $39,100 $39,100 $0
2016 $929 $39,100 $39,100 $0
2015 $899 $39,100 $39,100 $0
2014 $905 $39,100 $39,100 $0
Source: Public Records

Agents Affiliated with this Home

  • John Troland

    Seller's Agent in 2021

    John Troland

    William Raveis Real Estate

    (860) 753-1661

    3 in this area

    93 Total Sales

    Section Image
  • Kim Malek

    Seller's Agent in 2021

    Kim Malek

    Malek Real Estate

    (860) 639-9112

    8 in this area

    89 Total Sales

    Section Image
  • Rosemarie Smith

    Buyer's Agent in 2021

    Rosemarie Smith

    Coldwell Banker Realty

    (860) 227-5806

    2 in this area

    126 Total Sales

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Map

Source: SmartMLS

MLS Number: 170341152

SmartMLS

APN: PRES-000261-D000001RA000015

Connecticut New London County Preston 06365

15 Drawbridge Rd, Preston, CT

This home is located at 15 Drawbridge Rd, Preston, CT 06365 and is currently priced at $57,000, approximately $2 per square foot. 15 Drawbridge Rd is a home located in New London County with nearby schools including Integrated Day Charter School and St. Bernard 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.

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