NOT LISTED FOR SALE

155 New Rd Madison, CT 06443

Estimated Value: $77,000 - $2,798,255

11.36 Acres
$143,112 Price per Acre
494,842 Sq Ft Lot

Last Sold July 10, 2019

Last sale price $1,100,000 $640 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $9,050/month

45 Days on Market

Highlights

  • 11.36 Acre Lot
  • No HOA
  • Many Trees
  • Walter C. Polson Upper Middle School Rated A

About This Lot

As of July 2019

Acres of Beautiful, Flat, Lush property just waiting to be developed describes these 11+ acres of land located in the CT Shoreline Town of Madison. Currently available and priced to sell for the buyer who is searching for a retreat within miles of some of Connecticut's most spectacular beaches. Property is Zoned RU-2, but possible Commercial with zone change. Easily accessible, this incredible piece is located just off of I-95 at Exit 62, "the Hammonasset Connector", perfectly positioned within 1 mile from Long Island Sound, Hammonasset State Park and this Town's quaint downtown and fabulous beaches. This property has exceptional road frontage with public water and gas available.
The entire property consists of Four separate parcels totaling 11.36 acres. North Side of I-95. Corner of New Road and Duck Hole Road. RU-2 Zoned-possible Commercial with Zone Change. Site Elevation & Topography Allowing Residential/Commercial Development. Parcel 1 = 7.43 acres; Parcel 2 = .63 acres; Parcel 3 = .63 acres (all on North Section); Parcel 4 = 2.67 acres (on South Section). This land has been owned by the same family for nearly 100 years and contains much history. Current owner is looking for the perfect buyer to develop. Original structures (house and garages) most likely tear downs.
Madison's prime location is a midway point by train or car between New York and Boston and its residents are proud of their community. Excellent visibility from I-95.No wetlands. HUGE POTENTIAL.

Last Agent to Sell the Property

Carol Mancini

William Pitt Sotheby's Int'l License #REB.0791312 Listed on: 01/14/2019

William Pitt Sotheby's Int'l

Last Buyer's Agent

Carol Mancini

William Pitt Sotheby's Int'l License #REB.0791312 Listed on: 01/14/2019

William Pitt Sotheby's Int'l

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,936

Lot Details

  • 11.36 Acre Lot
  • Many Trees
  • 4 Lots in the community
  • Property is zoned RU-2

Schools

  • Daniel Hand High School

Utilities

  • Gas Available
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$4,936

Lot Details

0

Listing Details

  • Property Type: Lots and Land For Sale
  • Potential Short Sale: No
  • Direct Waterfront: No
  • Tax Year Updated Dt: 07/08/2019
  • Directions: I-95, Exit 62 (Hammonasset Connector). Southbound: go right onto connector, right onto Duck Hole Road, then immediate left. Go straight onto New Road. Northbound: Go left onto connector, right onto Duck Hole, then immediate left.Go straight onto New Road.
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Street Number Modifier: 155

Exterior Features

  • Road Frontage Description: Paved Road
  • Road Frontage Approximate: 450

Utilities

  • Water Source: Public Water In Street
  • Sewer: Septic
  • Utilities Available: Electric Available, Gas Available, Phone Available, Cable Available
  • Septic Approval: No
  • Septic Plan Available: No

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 11.3600
  • Lot Description: Dry, Treed
  • Flood Zone: No
  • Lot Improvements: Lot Staked
  • Lots Number Of: 4
  • Zoning: RU-2

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 4936
  • Total Assessed Value: 174100
  • Mil Rate Base: 27.300
  • Mil Rate Total: 28.350
  • Assessor Parcel Number: 1157432

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2024
Sold by
155 New Road Madison Llc
Bought by
Hammonasset Commons Llc
Current Estimated Value
$1,625,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,495,000
Outstanding Balance
$1,468,580
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$157,172

Purchase Details

Listed on
Jan 14, 2019
Closed on
Jul 8, 2019
Sold by
Millard William H
Bought by
155 New Road Madison Llc
Seller's Agent
Carol Mancini
William Pitt Sotheby's Int'l
Buyer's Agent
Carol Mancini
William Pitt Sotheby's Int'l
List Price
$1,400,000
Sold Price
$1,100,000
Premium/Discount to List
-$300,000
-21.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.45%
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 Buyer Sale Price Title Company
Hammonasset Commons Llc $2,300,000 None Available
Hammonasset Commons Llc $2,300,000 None Available
Hammonasset Commons Llc $2,300,000 None Available
155 New Road Madison Llc $1,100,000 --
155 New Road Madison Llc $1,100,000 --
155 New Road Madison Llc $1,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hammonasset Commons Llc $1,495,000
Closed Hammonasset Commons Llc $1,495,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2019 07/10/19 Sold $1,100,000 -21.4% $640 / Sq Ft
02/28/2019 02/28/19 Pending -- -- --
01/14/2019 01/14/19 For Sale $1,400,000 -- $814 / 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 $4,769 $212,600 $212,600 $0
2024 $4,455 $202,500 $193,900 $8,600
2023 $5,218 $174,100 $149,200 $24,900
2022 $5,120 $174,100 $149,200 $24,900
2021 $5,023 $174,100 $149,200 $24,900
2020 $4,936 $174,100 $149,200 $24,900
2019 $4,936 $174,100 $149,200 $24,900
2018 $5,412 $193,000 $150,300 $42,700
2017 $5,269 $193,000 $150,300 $42,700
2016 $5,113 $193,000 $150,300 $42,700
2015 $4,972 $193,000 $150,300 $42,700
2014 $8,676 $344,700 $224,600 $120,100
Source: Public Records

Agents Affiliated with this Home

  • Carol Mancini

    Seller's Agent in 2019

    Carol Mancini

    William Pitt

    (203) 710-6405

    16 in this area

    74 Total Sales

    Carol Mancini
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Map

Source: SmartMLS

MLS Number: 170155093

SmartMLS

APN: MADI-000060-000000-000009

Connecticut New Haven County Madison 06443

155 New Rd, Madison, CT

This home is located at 155 New Rd, Madison, CT 06443 since 14 January 2019 and is currently estimated at $1,625,752, approximately $945 per square foot. 155 New Rd is a home located in New Haven County with nearby schools including Walter C. Polson Upper Middle School, Daniel Hand High School, and Our Lady of Mercy Preparatory Academy.

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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