NOT LISTED FOR SALE

Estimated Value: $526,000 - $606,000

7 Beds
3 Baths
2,585 Sq Ft
$213/Sq Ft Est. Value

Last Sold August 02, 2024

Last sale price $515,000 $199 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,548/month

14 Days on Market

Highlights

  • 0.94 Acre Lot
  • Attic
  • Hot Water Circulator
  • Stonington Middle School Rated A-
  • 1 Fireplace
  • Hot Water Heating System

About This Home

As of August 2024

Rare and dynamic multifamily property for sale in Mystic, CT at the head of the Mystic River. This charming property is without a doubt a compelling investment opportunity. Upon entering the first-floor unit, you are welcomed by a notable openness and homey ambience brought on by a large sunlit kitchen overlooking the sprawling backyard, expansive living room with beautiful pine hardwoods and cozy fireplace, bright sunroom, and two spacious bedrooms.The second-floor unit offers two/three additional bedrooms, an inviting and relaxed living area, a galley kitchen, walk-in closet and full bath. Important to note: you will find a separate area adjacent to the second floor unit featuring a bedroom, loft, potential kitchen area and a and full bath-ideal for short-term or long-term opportunities or a private retreat. With separate electrical systems and a shared private well and a septic system, this two-family home provides flexibility and additional revenue potential. That's to say, while each unit has its own separate entrance the two units can easily function as a single family. It is also noteworthy, namely in the context of a multifamily, that you have at your disposal an expansive backyard bestowing a beautiful canvas for gardening and entertaining while wooded paths provide ample opportunity to stroll, with views of the neighboring 7-acre waterfront nature conservatory.

Last Agent to Sell the Property

Stephano Stravoravdis

Real Broker CT, LLC License #RES.0807925 Listed on: 06/11/2024

Real Broker CT, LLC

Last Buyer's Agent

Danielle Turrell

eXp Realty License #RES.0811799

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,360

Year Built

  • Built in 1840

Lot Details

  • 0.94 Acre Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 2,585 Sq Ft Home
  • 1 Fireplace
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Schools

  • Stonington High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Oil
  • Private Company Owned Well
  • Shared Well
  • Hot Water Circulator
  • Electric Water Heater
  • Fuel Tank Located in Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 2744903

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,360

Year Built

Built in 1840

Lot Details

0

Listing Details

  • Neighborhood: Mystic
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2585
  • Total Sq Ft: 2585
  • Year Built: 1840
  • New Construction: No/Resale
  • Remarks Public Addendum: This is not to mention, the impressive and power equipped framed barn with unfinished wood and considerable on-site parking. This is an exciting opportunity, please come and take look!
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Directions: Turn onto Whitehall Ave.
  • Financing Used: Cash
  • Living Area Sq Ft Per Public Record: 2585
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Fireplaces: 1
  • Attic Description: Pull-Down Stairs
  • Basement Description: Full
  • Laundry Room Location: In basement in units designated area.
  • Attic: Yes
  • Street Number Modifier: 191

Exterior Features

  • Exterior Siding: Vinyl Siding, Wood
  • Foundation Type: Stone
  • Roof Information: Shingle
  • Waterfront Description: Walk to Water View
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: Window Unit
  • Heat Type: Hot Water
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric, Upright Tank
  • Water Source: Private Well, Shared Well
  • Sewer: Septic

Schools

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

Lot Info

  • Acres: 0.94
  • Lot Description: Secluded Treed Historic District Water View Rolling
  • Zoning: RA-40
  • Parcel #: 2744903

Multi Family

  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 6360
  • Total Assessed Value: 318800
  • Mil Rate Total: 19.95

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2024
Closed on
Aug 1, 2024
Sold by
Old Mystic Property Llc
Bought by
Turrell William and Newfield Darren
Seller's Agent
Stephano Stravoravdis
Real Broker CT, LLC
Buyer's Agent
Danielle Turrell
eXp Realty
List Price
$497,500
Sold Price
$515,000
Premium/Discount to List
$17,500
3.52%
Views
87
Current Estimated Value
$551,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,696
Avg. Annual Appreciation
6.58%
Original Mortgage
$450,000
Outstanding Balance
$445,304
Interest Rate
6.86%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$106,392

Purchase Details

Listed on
Jun 18, 2020
Closed on
Aug 13, 2020
Sold by
Roger Gallup Bowers Ret and Bowers
Bought by
Roger Gallup Bowers Ret and Bowers-Tengdin
Seller's Agent
Beverly Frattali
RE/MAX Realty Group
Buyer's Agent
Beverly Frattali
RE/MAX Realty Group
Sold Price
$1,175
Source: Public Records

Range of Values:

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Average Value
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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
Turrell William $515,000 None Available
Turrell William $515,000 None Available
Roger Gallup Bowers Ret -- None Available
Roger Gallup Bowers Ret -- None Available
Roger Gallup Bowers Ret -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Turrell William $450,000
Closed Turrell William $450,000
Previous Owner Kendall Beverly $78,000
Previous Owner Kendall Beverly $54,000
Previous Owner Kendall Beverly $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2024 08/02/24 Sold $515,000 +3.5% $199 / Sq Ft
06/29/2024 06/29/24 Pending -- -- --
06/14/2024 06/14/24 For Sale $497,500 0.0% $192 / Sq Ft
09/01/2020 09/01/20 Rented $1,175 0.0% --
08/26/2020 08/26/20 Under Contract -- -- --
08/14/2020 08/14/20 Price Changed $1,175 -7.8% $1 / Sq Ft
06/18/2020 06/18/20 For Rent $1,275 -- --
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 $6,576 $318,000 $84,800 $233,200
2024 $6,360 $318,800 $84,800 $234,000
2023 $6,328 $318,800 $84,800 $234,000
2022 $5,256 $199,400 $78,700 $120,700
2021 $5,334 $199,400 $78,700 $120,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24024580

SmartMLS

APN: STON M:166 B:4 L:1A